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Former CISCO CTO and Director of Innovation joins Silverstream as Chief Data Officer 

LONDON, 13 DECEMBER 2022: Silverstream today announced the appointment of Nick Chrissos as Chief Data Officer (CDO) to lead the company’s data strategy at a pivotal time of growth for the business. Nick joins Silverstream following two decades at global technology giant Cisco, where he held various roles including Chief Technology Officer (CTO) globally for small businesses, and Director of Innovation in EMEAR.

As the innovation leader for Cisco in Europe, Middle East, Africa and Russia, Nick was involved in some of the most technologically advanced projects in the world, from smart cities and autonomous vehicles to agriculture robots and fish farming automation. During this time, he led some of the best engineering teams to create viable solutions for deploying cutting-edge technologies across multiple sectors and industries.

Nick’s appointment marks a significant moment for Silverstream as the company places increasing strategic importance on customer data to its overarching value proposition. Nick, and the existing data science team he will lead at Silverstream, will help the business fully utilise the power of its data. Through the application of advanced data analytics, AI and machine learning tools, this data can be hugely valuable to customers and support optimal use of Silverstream’s technology, as well as other aspects of ship operation. 

Nick Chrissos, CDO, Silverstream Technologies, said: “Playing a central role in the evolution of Silverstream, and to the disruption of an industry that is ready for digitisation, was an opportunity that I couldn’t resist. Silverstream’s technology is already successful in the market but having the urge to take it much further, believing in the power of the data, and investing in the R&D around new solutions, defines Silverstream as an innovation leader in maritime. What we are trying to achieve requires brilliant vision and huge effort, but this all depends on the calibre of the people and the unique culture of the company underpinning it. This was for me the most critical factor when I agreed to join Silverstream.”

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said: “Bringing onboard a data and innovation leader from one of the world’s top technology organisations is very exciting for Silverstream and is another sign of where we are headed. Nick will provide strategic direction and industry-leading expertise to our data practices and will help Silverstream generate new value streams for our customers. We are at the tip of the iceberg when it comes to harnessing the true power of our data, and Nick’s experience in creating innovative products and services based on that data will prove to be a very strong asset for Silverstream in the coming years.” 

 

Andrew Derodra appointed Chief Financial Officer

Silverstream Technologies, the market leader in air lubrication technology for the global shipping industry, today announced the appointment of Andrew Derodra as Chief Financial Officer to bring financial leadership to the ongoing development and implementation of the company’s ambitious growth strategy. 

Andrew’s extensive career spans senior finance and strategic roles in multiple sectors including FMCG, healthcare and software. He brings a wealth of experience as CFO in FTSE-listed, private equity-owned and founder-led businesses, including in the delivery of shareholder value, equity and debt financing, and M&A. Andrew’s expertise in driving commercial effectiveness for successful, growing enterprises will be a considerable asset to Silverstream in the coming years. 

Andrew joins Silverstream as it scales up exponentially to deliver a proven decarbonisation solution for application across the global maritime industry. The company’s market-leading air lubrication technology, the Silverstream® System, delivers 5-10% net fuel and emissions savings for oceangoing vessels, by reducing frictional resistance between the hull and the water. 

With systems onboard ships owned by the likes of MSC, Shell, Grimaldi, Carnival, Vale and many others, Silverstream’s patented solution has achieved strong orderbook growth in recent years. Now surpassing 100 contracted vessels and a cumulative order intake of £125 million, Silverstream is an example of a strong and agile British clean technology business. 

Andrew Derodra, CFO, Silverstream Technologies, said: “The journey to help reduce global emissions is urgent and quickly gathering pace, and we can see the impact of not doing enough all around us. Silverstream has a proven and cost-effective technology that is applicable across global shipping fleets. I believe this has really started to resonate within the shipping industry, evidenced by the rapid growth in Silverstream’s order intake. I am delighted to be joining the company at this exciting moment in its development, and I look forward to supporting its mission of tangibly influencing maritime decarbonisation.” 

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said: “As demand for our Silverstream® System increases, it is timely to bring in expert senior financial perspectives to complement the company’s other strengths. Andrew’s excellent track record as a CFO at highly successful businesses across many different sectors will prove a great advantage to Silverstream as we expand our presence in the global maritime industry. 

“With offices in London and Shanghai, Silverstream is fortifying its global footprint and reputation as the partner of choice for air lubrication in shipping. We are very proud of our expert and passionate team – which now exceeds 75 staff – who underpin this effort, and are looking forward to welcoming Andrew into our ranks to help drive financial leadership at this pivotal moment for our business.”