HOUSTON - XCF Global, Inc. (NASDAQ:SAFX) announced that Chief Executive Officer Chris Cooper has been appointed Board Chair, effective May 28, according to a press release statement issued today.
Cooper will continue to serve as CEO while assuming the board chair role. The company produces renewable diesel and sustainable aviation fuel.The leadership transition comes as XCF Global, with a market capitalization of $146 million, navigates challenging financial conditions. The stock has declined 97.68% over the past year, though it has rebounded 61.25% year-to-date. According to InvestingPro analysis, the stock appears undervalued at current levels, trading below its Fair Value estimate.
Wray Thorn, who served as Interim Board Chair since November 7, 2025, will remain on the board and serve as Chair of the Finance Committee. Thorn is a Partner and Co-Founder at Focus Impact Partners and previously served as Managing Director & CIO - Private Investments at Two Sigma Investments, LP.
Si’Yeon Kim will serve as Lead Independent Board Member in addition to her role as Chairperson of the Governance Committee. Kim has held senior leadership roles at American Express Global Business Travel and JPMorgan Chase & Co.
"On behalf of the Board, I want to thank Wray for his leadership and steady guidance as Interim Chair during an important period for XCF," Cooper said. "His continued contributions as Chair of the Finance Committee will play a critical role in helping guide XCF as we advance our priorities."
XCF Global operates the New Rise Renewables Reno facility, which has a permitted nameplate production capacity of 38 million gallons per year. The company is working on potential expansion opportunities in Nevada, North Carolina, and Florida.
The company trades on the Nasdaq Capital Market under the ticker SAFX.
In other recent news, XCF Global Inc. has completed the delivery of a process catalyst to its New Rise Renewables Reno refinery, marking a significant step in the facility’s planned upgrades. The company targets a June 2026 restart for the Reno facility, with the catalyst delivery initiating the final phase before commercial production begins. Additionally, XCF Global has converted approximately $16.7 million of debt into equity through the issuance of 37.03 million shares of Class A common stock. This conversion relates to engineering and construction activities at the Reno facility. In preparation for the restart, the company has engaged Alvarez & Marsal to oversee engineering and operational readiness. Furthermore, XCF Global’s subsidiary, New Rise Renewables Reno LLC, has reached a forbearance agreement with its Nevada landlord, Twain GL XXVIII LLC, to delay certain rights and remedies through January 2027. These developments reflect XCF Global’s strategic efforts to enhance operational stability and financial structure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Most traders can read a chart. The hard part is the moment: entry window open, pattern forming, and you're still waiting for more confirmation. That's the conviction gap — and our chart analysis closes it. Unlike other AIs that just read data, our Vision AI literally "sees" your charts and hands you a complete trading plan: entry, stop-loss, and profit target in under 60 seconds. Know exactly what to do next, every time.