- Black Bear strengthens team to support its next growth phase following this year’s € 16 million funding round.
- With his comprehensive management background in the waste and recycling sector, Glimmerveen will add significantly to the already high-caliber management team.
NEDERWEERT, NETHERLANDS, 27.11.2018. Black Bear, the Dutch tire upcycling company, has appointed tech industry veteran Geert Glimmerveen as its new Chief Financial Officer. Before joining Black Bear, Glimmerveen spent more than 30 years in senior finance and executive positions in several leading companies, including consultancy McKinsey & Company, truck manufacturing giant DAF Trucks, energy company Eneco and private equity firm Egeria. Most recently he was Managing Director for waste management and recycling company Van Gansewinkel (now Renewi) Netherlands.
Geert Glimmerveen joins Black Bear to help solve the global waste tire problem with the company’s circular economy-based business model. Every year, 1.5 billion tires reach the end of their life. The vast majority get dumped or incinerated, releasing massive amounts of CO2 and destroying valuable resources. Black Bear has developed an environmentally-friendly carbonization process to transform used tires into recovered Carbon Black (rCB), a valuable and sustainable material which it sells to clients worldwide for use in tires, technical rubber, coatings, plastics or inks. After closing a growth financing round of € 16 million earlier this year with investors such as Capricorn Venture Partners and banking corporation ING group, the cleantech company is preparing to grow its business internationally.
On behalf of Black Bear, Glimmerveen will speak at the European Venture Philantropy Association (EVPA) conference in Poland from November 29-30. Together with DOEN Participaties, one of Black Bear’s key investors, he will seize the opportunity to participate in lively discussions on social impact investment and the transition to circular economies. Click here for more information on this event.