General Fusion names audit chair

General Fusion has added Wendy Kei to its board and put her in charge of the audit committee as the fusion company moves toward a United States public listing. (generalfusion.com) The company said Kei’s appointment took effect April 13, 2026. It said she brings more than 30 years of public-company finance and governance experience, and it identified her current roles as board chair of Ontario Power Generation, audit committee chair at Centerra Gold, and a board member at the Institute of Corporate Directors. (generalfusion.com) General Fusion also said John Young, the former board chair of Ontario Power Generation, resigned from its board. The company disclosed both changes in its April 15 announcement. (generalfusion.com) The board change lands in the middle of General Fusion’s plan to go public through a merger with Spring Valley Acquisition Corp. III, a special purpose acquisition company listed on Nasdaq under the ticker SVAC. General Fusion and Spring Valley announced that deal on January 22, 2026. (generalfusion.com) On February 24, 2026, the companies said they had publicly filed a Form F-4 with the United States Securities and Exchange Commission for the proposed transaction. General Fusion said the deal implied about $1 billion in pro forma equity value, including $107.7 million from a committed private investment in public equity and $230 million in Spring Valley trust cash, assuming no redemptions. (generalfusion.com, sec.gov) General Fusion has been pulling Kei closer to that process for months. On February 5, 2026, it named her a strategic advisor focused on public-company readiness, audit committee support, and oversight of financial reporting before moving her onto the board in April. (generalfusion.com) The company is trying to raise money around a specific fusion design called magnetized target fusion. In plain terms, General Fusion says it creates a hot plasma, then squeezes it with a liquid-metal liner so the reaction conditions become intense enough to release energy. (generalfusion.com, generalfusion.com) Its main demonstration machine, Lawson Machine 26, is already operating and is designed to run at 50 percent of commercial power-plant scale, according to the company. General Fusion says the machine is working toward temperature and confinement milestones that would support a first commercial plant around 2035. (generalfusion.com, generalfusion.com) Kei said in the company’s announcement that she was joining the board as General Fusion heads toward the public markets. For a company asking investors to fund an unproven energy technology, the audit chair is now part of the pitch. (generalfusion.com, generalfusion.com)