XCF Global, Inc. (Nasdaq:SAFX) announced that seasoned renewable‑fuel executive Chris Cooper will take the helm as Chief Executive Officer and join the board of directors effective November 7, 2025. The company also named current board member Wray Thorn as interim chair and appointed New Rise Renewables founder Randy Soule as senior operations adviser.
Cooper brings more than two decades of experience scaling renewable‑fuel operations, most recently as senior vice president at Neste U.S. and as chief operating officer at BGN. His track record of expanding modular SAF production facilities aligns directly with XCF’s strategy to accelerate the ramp‑up of its New Rise Reno plant, which is expected to resume commercial output in the first quarter of 2026.
XCF’s financial profile reflects significant liquidity challenges. For the last twelve months the company reported a diluted earnings per share of –$0.57 and a price‑to‑earnings ratio of –24.37. The firm has also defaulted on nearly $40 million of loan and lease payments and received a Nasdaq delinquency notice in August 2025 for a delayed Form 10‑Q filing. These developments underscore the urgency of securing additional financing to support the company’s expansion plans.
Operationally, XCF’s modular facility design is a key tailwind, enabling rapid deployment of SAF production units. The Reno facility’s ramp‑up has faced production setbacks, but management expects the plant to return to full capacity by early 2026, positioning the company to meet growing regulatory and corporate demand for sustainable aviation fuel.
Management emphasized the strategic importance of the leadership change. Cooper said, “I am honored to join XCF at this inflection point for both aviation and renewable fuel. Global demand for SAF is accelerating, and XCF is well positioned to lead through the rapid deployment of its modular facility design and international partnerships.” Thorn added, “Chris’s experience leading and scaling renewable‑fuel operations makes him the right leader for XCF’s next phase of growth.” Soule noted, “His proven leadership and the team’s operational expertise position XCF to drive its next phase of growth and enhance operational excellence.”
The appointments signal a decisive shift toward addressing liquidity constraints and accelerating commercial rollout. By bringing in executives with deep experience in renewable‑fuel operations and capital markets, XCF aims to strengthen investor confidence, improve execution capabilities, and secure the financing needed to scale SAF production and capture the expanding market for sustainable aviation fuel.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.