Company: ALCE
Filing Date: 2025-01-28
Form Type: 8-K
Source: 0001213900-25-007284
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Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-28
Form: 8-K
Item: Item 5.02
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ITEM 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.

(a)
Departure of Director

On January 28, 2025, John McQuillan, a Class I director
of Alternus Clean Energy, Inc. (the “ Company”), notified the Company that they will resign from the Company’s Board
of Directors (the “ Board”) effective immediately. Mr. McQuillan’s decision to resign from the Board is solely for personal
reasons and is not the result of any disagreement with the Company’s operations, policies or procedures, or any disagreements in
respect of accounting principles or financial statement disclosure.

(b)
Election of Director

On January 28, 2025, Rolf S. Wikborg was elected to
the Board effective immediately. The Board assessed the independence of Mr. Wikborg under the Company’s Corporate Governance Guidelines
and the independence standards under Nasdaq rules and has determined that Mr. Wikborg is independent. Along with their appointment,
Mr. Wikborg was appointed to serve on the Audit Committee, as well as the Chair of the Compensation Committee, and as a member of the
Nominating and Corporate Governance Committee of the Company, effective immediately. Mr. Wikborg will serve as an independent director
until the Company’s 2025 annual meeting of stockholders.

Mr, Wikborg has significant experience in renewable
energy and energies in general. He is currently Chairman of Norhybrid a Norwegian based manufacturer of vertical industrial wind
turbines. He is also chair of Carbon Value Technologies and a Director of a Fintech company, FutureXchange. From 2020 to 2024
he has been a partner with Greenlight Group, a fund that holds a variety of investments in solar, wind, battery management systems,
black pellets and biogas. He has also been involved in some of the most CO2 reducing maritime projects with dual fuel, batteries
and wind assisted ships. Mr. Wikborg also served, from 2007 to 2015, as Director of a NYSE listed transportation company, DHT,
where he was also chair of the compensation committee, and was a Director of an Oslo listed dry cargo transportation company, Western
Bulk, from 2012 to 2016. Wikborg lived 16 years in the US from 1986 - 2002, establishing and building up AMA Capital Partners LLC,
New York