VANCOUVER, Feb. 1 /CNW/ - Magma Energy Corp. (TSX: MXY) announces the following changes to its management team,
effective mid February, 2011.
Mr. John Carson will join the company as Executive Vice President to
provide additional strength to Magma's finance and executive team. John
is a seasoned renewable energy executive who comes to Magma from a
leading role with a US renewable energy company where he led financings
and debt restructurings for a 726 MW operating portfolio. John held
previous positions as senior vice president of GE Energy's renewable
energy division and senior vice president finance of Terra-Gen Power, a
large renewable energy company operating extensive wind and solar
energy operations and one of the US's largest geothermal power
Ms. Andrea Zaradic has resigned as Vice President Operations and
Development to pursue an opportunity in the mining industry. Mr. Asgeir
Margeirsson will assume Andrea's role. Asgeir is currently Magma's
country manager in Iceland and Chairman of HS Orka, with more than 20
years experience in geothermal operations and project management.
Ms. Alison Thompson, Magma's Vice President Corporate Relations, will
begin maternity leave and will be replaced on an interim basis by Mr.
Anders Kruus. Anders is a senior financial professional with 20 years
experience with large global financial institutions and is well versed
in the geothermal energy industry.
Ross Beaty, Magma's Chairman and CEO, said, "I am pleased that John has
agreed to join us to supplement our financial team as we advance our
growth projects in Iceland, Chile and the US towards production. He is
a highly experienced renewable energy financial manager who will add
enormous value to our senior team. I extend to Andrea my gratitude for
her services in our early growth years and my best wishes for her
future career. I also wish Alison well during her leave of absence
while also looking forward to new contributions from Anders Kruus and
About Magma Energy Corp.
Magma Energy Corp. is a global geothermal power company which operates,
develops, explores and acquires geothermal energy projects. We have an
extensive portfolio of properties throughout the western United States,
Iceland and Latin America, including one operating power plant in
Nevada and two in Iceland.
SOURCE Magma Energy Corp.
For further information:
Alison Thompson, Vice President, Corporate Relations
Magma Energy Corp.