Evergreen Energy Appoints Ilyas Khan as Chairman

January 6, 2011 by  


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Evergreen Energy Inc., a Denver based green energy technology solutions company, has appointed Ilyas Khan, 48, as Chairman of its board of directors. The appointment brings the total board count to seven members.

Thomas H. Stoner, CEO of Evergreen, stated: “I am very excited to welcome Ilyas to our board. His significant expertise as financer and business builder will be invaluable as we work towards executing the company’s strategic initiatives, particularly with our K-Fuel® technology. As one of the three founding directors of White Energy Company Limited (WEC.AX), a publically-traded, diversified coal company, Ilyas was instrumental in driving growth from inception through mid-2010. He has intimate familiarity with the clean coal and coal upgrading sector, and in identifying and overcoming the challenges of commercialization, which include large scale engineering issues related to building a successful plant as well as negotiating with large commercial partners.”

Khan stated: “I am excited to be joining Evergreen’s board as Chairman, and I look forward to working with management to execute on its key milestones with respect to K-Fuel in particular where the opportunity is global in nature. I am also very much motivated by the prospect of leading the effort to capture the undoubted potential that the company possesses.”

A financier by background, Mr. Khan lived and worked in Hong Kong since 1989 before moving back to his home in the United Kingdom in early 2009. He started his career with J Henry Schroder Wagg in 1984 in London, and worked as an investment banker through 1998 at Citigroup (1987 to 1993), UBS (1993 to 1996) and Nomura (1996 to 1998). In 1998 he founded the TW Indus Group, an investment holding company, which acquired Crosby Capital in 2003. Since 2003, Mr. Khan has served, initially as Chairman and CEO, and latterly as a strategic advisor to Crosby Capital Partners, a privately held Asian-based merchant banking group focusing on natural resources with a particular track record in coal, gold and copper. In 2008, Mr. Khan was the founding Chairman of privately held Touchstone Gold Holdings, where he remains as a director. Mr. Khan is the major shareholder of Touchstone Gold.

Beginning in 2000, he served as one of the three founding directors of Australian-based White Energy Company Limited (WEC.AX), which developed built and operated plants that upgraded coal in a variety of locations. After WEC diversified into the direct ownership of coal assets, and as Mr. Khan re-located back to live in the United Kingdom, he stepped off the board in mid-2010.

Since June 2009, Mr. Khan has been a trustee and, since September 2009, the Chairman of Leonard Cheshire Disability, a UK-based charity with active operations in over 50 countries and a focus on supporting and caring for disabled people. Leonard Cheshire Disability was established in 1948 and is the world’s largest NGO that focuses on disability. Mr. Khan holds a B.A. Hons (honors degree) from the University of London’s School of Oriental and African Studies.

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