OPAL Fuels (NASDAQ: OPAL) announced that Co-Chief Executive Officer Jonathan Maurer plans to retire from his role on March 31, 2027, after which Adam Comora will become the company's sole CEO.

Maurer has served as Co-CEO since April 2021, when OPAL Fuels was formed. Before that, he worked at FORTISTAR, OPAL Fuels' majority shareholder, beginning in October 1998. Following his retirement, Maurer will remain available in a senior advisor capacity to support the transition.

Mark Comora, Chairman of the Board of OPAL Fuels and President of FORTISTAR, said in a statement: "Jon has been instrumental in building the company and getting us to where we are today. We are grateful for his service and his commitment to ensure a smooth transition."

The company also announced that its board has begun an executive search for a President, who will report to Adam Comora.