374Water names Stephen Jones interim CEO

374Water Inc. (NASDAQ: SCWO) appointed Stephen J. Jones as interim president and chief executive officer, effective immediately. Jones, a current board member who joined the company in June 2025, replaces Chris Gannon, who stepped down from his roles at the Durham, North Carolina-based waste destruction technology company.

Jones previously served as president, CEO and director of Covanta Holding Corporation, a waste-to-energy facility operator that was formerly listed on the New York Stock Exchange before being acquired by private equity and renamed Reworld Waste. At Covanta, he led growth focused on waste destruction facilities and environmental services acquisitions.

Prior to Covanta, Jones held senior management positions at Air Products and Chemicals Inc., including roles in industrial gases, equipment, energy and chemicals businesses. His experience includes technology commercialization, business development and project execution in industrial settings.

The company said Jones agreed to a $1 base salary for the interim role and received a stock option grant. Details of the compensation arrangement will be filed in a Form 8-K with the Securities and Exchange Commission.

"We believe that now is the right time to make a change in the leadership of the Company as we continue to commercialize our SCWO technology and are focused on strategic partnerships and capital initiatives related to our WDS business model," said Rene Estes, board chairperson.

Jones will lead the search for a permanent CEO and provide a strategic update during the company's third quarter results conference call scheduled for November 12, 2025.

374Water develops supercritical water oxidation technology for destroying organic waste in municipal, federal and industrial markets.

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