Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 3029

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 9C
Chunk 3029
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 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 based merchant bankers in M&A, restructuring of debt including bonds and managing equity and debt funds within maritime,
transportation and energy. Prior to New York, Wikborg was Managing Director of Fearnleys Mexico. He remained with AMA after moving
back to Norway and was involved in restructurings and M&A. From 2004 to 2008 he was an advisor to Kuwait Finance House in the
shariah based equity investment in maritime and energy and was a Partner with SinoEnergy Capital in Hong Kong, investing in harsh
environment jack up rigs.

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Mr. Wikborg graduated from
University of Manchester Institute of Science & Technology with Honors.  He also studied marine law and marine insurance
law at the Norwegian Shipping Academy.  He is an officer of the Royal Norwegian Navy.

We believe Rolf S. Wikborg
is qualified to serve on the Board of Directors of the Company due to his international experience, previous and current board positions
in the US and Norway as well as his knowledge of the renewable energy industry.

Corporate Governance

Board Leadership Structure

Our chairman of the board
of directors is Vincent Browne, who is also our Chief Executive Officer and Interim Chief Financial Officer. Our board of directors has
concluded that our current leadership structure is appropriate at this time. However, our board of directors will continue to periodically
review our leadership structure and may make such changes in the future as it deems appropriate.

Role of Board in
Risk Oversight Process

Our board of directors has
responsibility for the oversight of our risk management processes and, either as a whole or through its committees, regularly discusses
with management our major risk exposures, their potential impact on our business and the steps we take to manage them. The risk oversight
process includes receiving regular reports from board committees and members of senior management to enable