Verde Clean Fuels names Burdette CEO, advances strategic review
Verde Clean Fuels Inc. has appointed George Burdette president and chief executive officer and retained Roth Capital Partners as financial advisor as it advances a strategic review tied to its ongoing restructuring.
Burdette succeeds Ernest Miller, who stepped down as chief executive officer to pursue another opportunity, the company said in a release Mar. 20. Miller will remain with the company as a senior advisor. Burdette has served as Verde’s chief financial officer since October 2024 and will continue in that role.
The leadership change follows Verde’s move away from what it described as a "capital‑intensive," company‑owned project development toward a "capital‑lite" model focused on licensing its STG+ technology and providing engineering and technical services. As part of the shift, the company suspended development of its Permian basin natural gas‑to‑gasoline project and initiated broad cost‑reduction measures.
Verde Clean Fuels will evaluate strategic alternatives that include a strategic partnership, merger, sale of the company, asset sale, licensing arrangement, capital raise, or other transactions involving the company’s technology platform or assets.
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Mikaila Adams
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Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journal's sister publication, Oil & Gas Financial Journal (OGFJ). After OGFJ ceased publication in 2017, she joined Oil & Gas Journal and was later named Managing Editor - News. Her role has expanded into content strategy. She holds a degree from Texas Tech University.