IncubEx Announces CEO, Leadership Changes

CHICAGO & LONDON

IncubEx, a developer of exchange-traded environmental products, services, and technology solutions, is pleased to announce leadership changes – effective today, July 16th, 2025 – to position the Company for the next stage of growth.

Dan Scarbrough, current IncubEx President & COO, assumes the role of Chief Executive Officer (CEO) and remains on IncubEx’s Board of Directors. Scarbrough succeeds Founder and CEO Michael MacGregor, who will continue to serve on IncubEx’s Board of Directors.

Additionally, Steve MacGregor has been named Chief Operating Officer (COO), Stephen McComb has been named Chief Product Officer (CPO), and Nathan Clark has been named Chief Commercial Officer (CCO) – all reporting to Scarbrough.

“Dan and I have worked with the IncubEx leadership team for nearly two decades now tracing back to the beginning of many of our careers at Chicago Climate Exchange (CCX). We all share a common passion for innovation within environmental derivatives markets, and I am truly honored to have worked with the entire IncubEx team, our partners and customers as we continued to advance the inspirational mission Dr. Richard Sandor first introduced to me in 2003,” Michael MacGregor said. “Today, I am proud to announce Dan’s appointment as CEO of IncubEx – he has proven himself to be a gifted executive with a unique command for environmental markets and vision within our industry. His expertise in market-based solutions to environmental issues and the exchange space, positions him well to lead IncubEx into the future.”

“I’m grateful to lead the next chapter of IncubEx and the additional promotions reflect the incredible team IncubEx has built to maximize our ability to innovate and serve our customers going forward,” said Scarbrough. “The work the team has done along with our partners and customers since we started IncubEx is the foundation for a much bigger growth story ahead for global environmental markets and IncubEx’s business. Global open interest and average daily volumes in environmental futures and options are at all-time highs and the opportunity to bring more products, competition and innovation has never been better to accelerate these markets into one of the largest commodity markets globally.”

IncubEx collaborates with the European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange (Nodal), on listed environmental spot, futures and options contracts. Together, we offer the broadest set of listed derivatives contracts in the world for carbon, renewable energy certificates and renewable fuels credits with a combined open interest of nearly 500,000 contracts across Nodal and EEX.

PRESS CONTACTS:

IncubEx Jim Kharouf Communications Director P: 773-391-0439 jim.kharouf@theincubex.com

About IncubEx

IncubEx is an incubator for products, services and technology solutions in environmental markets with partners and stakeholders to design and develop new financial markets, technologies and trading solutions in global environmental, climate risk, and related commodity markets. The company works in conjunction with its global exchange partner, European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange. IncubEx serves as the operator of The Voluntary Climate Marketplace (TVCM), a collaboration with Trayport (TMX Group).

The IncubEx team is led by former key executives from Climate Exchange, which pioneered exchange listed environmental futures and options contracts and CCX, the world’s first and only voluntary, but legally binding greenhouse gas emission reduction and trading program.

IncubEx, a privately held company founded in 2016 with offices in Chicago and London, is uniquely positioned to capture these opportunities globally with its partners. For more information, please visit https://theincubex.com/.