374Water appoints interim president and CEO

374Water Inc., a North Carolina-based organic waste destruction technology company, has appointed Stephen J. Jones as interim president and CEO, effective immediately. Jones succeeds Chris Gannon, who has stepped down from his roles at the company.

Appointed by 374Water’s board of directors, Jones, a current board member, will lead the company through its next phase of current project deployments and the commercialization of its super critical water oxidation (SCWO) technology. Jones also will lead the search for a full-time president and CEO.

"We believe that now is the right time to make a change in the leadership of the company as we continue to commercialize our SCWO technology and are focused on strategic partnerships and capital initiatives related to our [waste destruction services (WDS) business model,” Rene Estes, chairperson of the board, says. “We are fortunate to have Stephen step into this role on an interim basis as he has previously been a successful public company [CEO] and has significant experience in the waste markets and on-site business development activities very similar to our WDS model. … We want to thank Chris for his service to the company. He has positioned the company for future success and on behalf of the board, I would like to thank him for his dedication and wish him well.”

Jones joined 374Water as a director in June 2025. He brings extensive corporate leadership experience, including previous board roles and expertise in environmental services and the on-site business model employed in the industrial gases and chemicals sectors. Previously, Jones served as CEO and a director of New Jersey-based Reworld, formerly Covanta Holding Corp., and held various senior-level management positions at Air Products and Chemicals Inc. of Lehigh Valley, Pennsylvania.

"This is an opportunity to step into a company that has significant value creation potential, and I appreciate the board's confidence,” Jones says. “I look forward to working with 374Water’s talented team to unlock this value for our shareholders. The dedication of our employees is crucial to our shared success, and the continued development of our SCWO technology and the WDS business model with our essential customers will continue to be one of the cornerstones of our business.”

Jones will provide a full business update and strategy discussion during 374Water’s third-quarter conference call Nov. 12. More information on how to join the call can be found on 374Water’s website.