ABOUT US
Our People.
Russell Fitts
EXECUTIVE CHAIRMAN
Russell has been executive chairman since 1999. He has built up a valuable global network of contacts and fostered a close relationship with MDI. He has demonstrated a longstanding commitment to Air Future’s shareholders and the protection of AFL’s key assets. He has extensive director, business & corporate governance experience and is looking forward to this next stage of the Company – commercialisation.
John Mennega
CHIEF EXECUTIVE OFFICER
John has an MBA, BE (Elect), Grad Dip Eng (Industrial), and Grad Dip Applied Finance & Investment. His background is investment banking and management with extensive experience in commercialising early stage. The CEO specialisation covers relationships with governments, distributors, markets & regions, and achievement of the structure & sales via projects & milestones.
DR CYRIL NEGRE
PRESIDENT
Cyril is the President of MDI and Director of MDI R & D. He holds a PhD in Mechanical Engineering, and began his career in Bugatti Automobile car design, joining his family’s company MDI in 1993. Cyril is Air Future 2024 Ltd key contact within MDI and organises the support of their team. Numerous of these focus on support for various areas of our business, for example different applications, pilots and demonstrations.
Partners
The business spans manufacture, clean transport, energy storage, and compressed air engines. The products and applications can service many industries, and across global geographies. So it is opportune to work with partners and distributors and localities in many areas, and via proprietary resources when commercial, profitable, and socially beneficial to do so.
This concept varies from the Showcasing of applications to the global Replication and Adaptation of our products and services.
Functions
Functional essentials: Newco will avoid a top heavy early mass commercialisation business. To avoid that, the essential functions will be undertaken by the foundation team, partners, and outsourcing. On gaining traction and affordability the team can be built internally. There may be early exceptions to that.
Core Newco functions:
• Board: Executive & NED (risk, strategy, stakeholders, media, reporting, governance, remuneration
• Operations: production, orders, supply, procurement, manufacturing
• Commercialisation: BDM, markets, applications
• Technology: IP, applications, R&D
• Corporate: company secretary, accounting, finance, IT, facilities, legal, tools
• Marketing & Ventures: marketing, regionalisation, partners, pricing, HR
• Sales & Service (distribution, customers, service, regulations)
Functional capabilities and needs will evolve with the business commercialisation. There will initially be overlaps, and for Showcasing the above can be fulfilled by a small team and partners.