Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, has announced the departure of its CEO, Mikkel Larsen.

Larsen, who has been at the forefront of CIX since its inception, will stay in his role until a successor is found. He plans to shift his focus towards his family but will remain involved with the company as a member of its board to facilitate a smooth transition.

Larsen’s leadership since 2021, have been central to the operational success and strategic direction of CIX as he lead the company since its launch the same year through to the full operationalisation of its core solutions today.

The search for a new CEO has commenced, spearheaded by the CIX Board and supported by prominent investors including DBS Bank, GenZero, Mizuho Financial Group, the Singapore Exchange (SGX Group), and Standard Chartered.

The aim is to identify a candidate who can guide CIX through its next growth phase, building on the strong foundation laid under Larsen’s tenure.

Earlier this year, CIX had raised US$30 million in funding from Mizuho. Mizuho is now among CIX’s founding shareholders, a group that also includes DBS Bank, SGX Group, Standard Chartered, and GenZero.

Mikkel Larsen, CEO of CIX said,

“It has been a very difficult decision to leave a company that I had the good fortune of helping to build, and that I have so much conviction in. I am comforted by the fact that I leave behind a strong team and board whose support I could always count on.

It has been my privilege to be part of a team which is united as a collective to deliver scalable positive climate impact. I look forward to ensuring a smooth transition, and supporting the team and incoming CEO as they continue to build on the positive momentum established at CIX.”

Bill Winters, Group Chief Executive, Standard Chartered and current Chair of the CIX Board of Directors said,

“On behalf of the Board, I want to thank Mikkel for the remarkable job he has done, leading and building a global business that delivers positive climate impact.

We are confident in the leadership team’s ability to drive the company forward during this transition period, and look forward to drawing upon Mikkel’s expertise in an advisory capacity as we prepare the incoming CEO for future success.”

Featured image credit: Edited from Freepik

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• Source: https://fintechnews.sg/93561/green-fintech/mikkel-larsen-steps-down-as-ceo-of-climate-impact-x/