Troubled U.S. Carbon-Sucking Startup Goes Looking for New CEO
The leadership change comes after insiders at Global Thermostat told Bloomberg that progress had been set back for years by its co-founder
Graciela Chichilnisky in Huntsville, Ala., in 2019.
Photographer: Salwan Georges/The Washington Post/Getty ImagesGlobal Thermostat, once a leader among a fledging group of startups focused on carbon-dioxide removal, announced a new leadership structure on Friday that effectively sidelines Graciela Chichilnisky, the co-founder and chief executive officer who colleagues had faulted for mismanaging the business and its technological development.
The company said in a statement that it will split Global Thermostat’s commercial business off from a new nonprofit arm focused on the development of carbon-removal policies. Chichilnisky will head up the nonprofit, and Global Thermostat will seek a new CEO.