Published: August 27, 2026 at 9:06 am
eEnergy has made interim boss John Gahan its permanent CEO following a ‘turbulent’ summer.
Following the departure of Harvey Sinclair at the end of May – and a change of chair – then-CFO Gahan was appointed interim CEO of the firm, listed on London’s junior AIM market.
He reviewed the company’s sales pipeline and, concluding that this was materially overestimated, issued a sharp downgrade to its full-year revenue and adjusted EBITDA expectations – from £38 million to £32m, and £4.5m to £1.7m, respectively.
He also launched a major restructuring programme to reduce operating costs from £6.3m to around £2m.