374Water Inc. (NASDAQ: SCWO) has announced significant leadership changes aimed at accelerating its growth and commercial deployment of its supercritical water oxidation (SCWO) technology. The company has appointed Daniel (Danny) Bogar as President and Chief Executive Officer, a move that underscores its commitment to operational excellence and strategic execution. Bogar, who previously served as President and Chief Operating Officer of PowerVerde Inc., brings over 20 years of executive leadership experience in finance, strategic business development, and international operations.
The Board of Directors has also been bolstered with the addition of three seasoned business leaders: Brad Freels, Chairman and CEO of Midway; Charles (Chuck) Weiser, a veteran company executive and CPA; and Stephen McKnight, a real estate investor and operating executive. These new directors join existing members Jim Pawloski and Marc Deshusses, forming a Board focused on scaling the deployment of 374Water’s AirSCWO platform.
The leadership changes come after extensive engagement with shareholders, including a group of long-term shareholders who filed a Schedule 13D. These discussions have led to a strategic realignment of the company’s leadership, capital allocation, and organizational structure to enhance operating pace and accelerate critical milestones.
Interim Chief Executive Officer Stephen Jones commented on the transition, stating, “My role was to stabilize the Company and focus the management team on execution – and that work is complete. I believe the opportunity in front of 374Water is significant and requires decisive leadership and deep institutional knowledge which Mr. Bogar provides. I expect to work with Mr. Bogar to ensure a smooth transition.”
The Board of Directors expressed their confidence in Bogar’s ability to lead the company into its next phase of growth. “We are pleased to welcome Mr. Bogar as CEO of 374Water,” said the Board in a joint statement. “Our focus is matching execution with well-structured capital that strengthens the Company as it grows. We believe the opportunity ahead requires not only operational progress, but also financial discipline. Mr. Bogar’s operating background, global relationships, and commitment to AirSCWO position him to lead 374Water into its next phase of commercialization and growth. We would also like to thank Stephen Jones for his stewardship and leadership during his tenure as Interim President and CEO and wish him well.”
374Water’s mission remains centered on destroying the world’s toughest waste streams safely and permanently. With aligned leadership and Board oversight, the company intends to focus on deployments, partnerships, and operational execution. CEO Daniel Bogar emphasized this commitment, stating, “The mission remains unchanged – we intend to destroy the world’s toughest waste streams safely and permanently. I am excited to have this opportunity to continue to support the team in this new role.”
The company’s AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of non-hazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. This technology has the potential to assist customers in meeting discharge requirements, reducing or eliminating disposal costs, removing bottlenecks, and reducing litigation and other risks.
As 374Water moves forward, it remains dedicated to innovative waste treatment solutions, aiming to create a greener future and eradicate harmful pollutants. The company’s shareholder engagement and involvement extend beyond governance, with the Board actively supporting additional capital formation to fund deployments and commercial expansion over the coming months.
These strategic moves position 374Water to enter a phase focused on deployments, partnerships, and operational execution, setting the stage for scalable commercial deployment in 2026 and beyond.