Arq Appoints Peter Owino as Chief Accounting Officer

Rhea-AI Summary

Arq (NASDAQ: ARQ) appointed Peter Owino as Chief Accounting Officer, effective September 1, 2026. He has been serving as interim CAO under a consulting agreement since June 12, 2026 and brings over 20 years of accounting, finance and SOX compliance experience across public and private companies.

Arq detailed Mr. Owino’s prior leadership roles at Princeton Business Consulting, Colliers Engineering & Design, Merchant e-Solutions, KPMG, Finjan Holdings, Deloitte & Touche and Ernst & Young. The company also approved inducement equity awards of 100,000 restricted stock awards, vesting in three equal annual installments subject to continued employment, in accordance with Nasdaq Listing Rule 5635(c)(4).

Positive

• Experienced accounting leader appointed CAO with 20+ years in accounting, finance and SOX compliance
• Continuity of leadership as interim CAO since June 12, 2026 becomes permanent
• Equity inducement of 100,000 RSAs aligns new CAO’s incentives with shareholders via multi-year vesting

Negative

• Inducement equity awards add 100,000 restricted shares, increasing potential shareholder dilution over three years

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

GREENWOOD VILLAGE, Colo., Aug. 28, 2026 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced the appointment of Peter Owino as Chief Accounting Officer, effective September 1, 2026.

Mr. Owino, who has been serving as the Company’s interim Chief Accounting Officer pursuant to a consulting agreement since June 12, 2026, has over twenty years of experience in accounting, finance, and Sarbanes-Oxley (SOX) compliance, in both private and public company settings. Prior to his appointment as the Company’s Chief Accounting Officer, Mr. Owino was an accounting and finance consultant for Princeton Business Consulting, LLC ("Princeton Business Consulting"), a consulting firm focused on small to mid-sized businesses. Mr. Owino has served in various finance and accounting leadership roles, including as the Corporate Controller of Colliers Engineering & Design, a multidisciplinary engineering firm, from 2024 to 2026, and as the Chief Accounting Officer of Merchant e-Solutions, a merchant acquiring company and global payment processor from 2020 to 2022, where he successfully helped prepare the company for sale to a New York based private equity firm. From 2015 to 2020, Mr. Owino worked as a Director for KPMG New York, providing accounting advisory services. Before that, Mr. Owino was a Senior Director at Finjan Holdings, Inc. and also spent years working as a manager at both Deloitte & Touche and Ernst & Young. Mr. Owino holds a Bachelor of Commerce degree in accounting from Kenyatta University in Nairobi, Kenya. Mr. Owino is also a licensed certified public accountant.

The Company also announced the issuance of inducement equity awards to Mr. Owino in connection with his appointment, to be granted upon the effective date of his appointment. The inducement equity awards consist of 100,000 restricted stock awards, which shall vest in equal installments on each of the first three anniversaries of the grant date, conditioned upon Mr. Owino’s continued employment with the Company. The inducement equity awards were approved by the Compensation Committee of the Company’s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4).

About Arq

Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: www.arq.com.

Source: Arq, Inc.

Investor Contact:

Anthony Nathan, Arq
Marc Silverberg, ICR
investors@arq.com

FAQ

Who is the new Chief Accounting Officer of Arq (NASDAQ: ARQ) in 2026?

Arq appointed Peter Owino as Chief Accounting Officer effective September 1, 2026. According to Arq, he previously served as interim CAO since June 12, 2026 and has more than twenty years of accounting, finance and SOX compliance experience.

When does Peter Owino’s appointment as Arq (ARQ) Chief Accounting Officer become effective?

Peter Owino’s appointment as Chief Accounting Officer at Arq becomes effective on September 1, 2026. According to Arq, he has already been serving as interim CAO since June 12, 2026 under a consulting agreement before assuming the permanent role.

What equity inducement did Arq (ARQ) grant to new CAO Peter Owino?

Arq granted Peter Owino 100,000 restricted stock awards as an inducement to accept the CAO role. According to Arq, these awards vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to continued employment.

How do the Arq (ARQ) restricted stock awards to Peter Owino vest over time?

The 100,000 restricted stock awards to Peter Owino vest in three equal annual installments. According to Arq, vesting occurs on each of the first three anniversaries of the grant date and is conditioned on his continued employment with the company during that period.

Under which Nasdaq rule were Arq’s inducement equity awards to Peter Owino approved?

Arq’s inducement equity awards to Peter Owino were approved under Nasdaq Listing Rule 5635(c)(4). According to Arq, the Compensation Committee of the Board authorized the 100,000 restricted stock awards in connection with his appointment as Chief Accounting Officer.

What prior experience does Arq’s new CAO, Peter Owino, bring to the role (ARQ)?

Peter Owino brings leadership roles at Princeton Business Consulting, Colliers Engineering & Design, and Merchant e-Solutions. According to Arq, he also worked at KPMG, Finjan Holdings, Deloitte & Touche and Ernst & Young, and is a licensed certified public accountant.