OTTAWA, Sept. 15 /CNW Telbec/ - Thermal Energy International Inc. (TSX-V:TMG) (www.thermalenergy.com) (the "Company" or "Thermal Energy") announced today the following Board of Director and Officer changes.
John R. Parker has resigned as Chairman of the Board and Director of the Company in order to focus greater attention on his numerous other business interests. Mr. Parker has been a Director and Chairman of Thermal Energy for more than 5 years. During this time he has worked tirelessly to advance the interests of the Company and its shareholders. The Board and Management of Thermal Energy are very appreciative of Mr. Parker's efforts over the last 5 years and would like to wish him luck in all his future endeavours.
John Kelly has been appointed Chairman of the Board of the Thermal Energy. Mr. Kelly is recognized as a pioneer in Canadian technology with over 35 years of entrepreneurial and executive experience in this sector. Mr. Kelly is currently Vice President of Enable Business Advisors Inc. Previously he was President and CEO of Clearford Industries Inc. from 2008 until 2009 and CEO of JetForm Corporation from 1995 until joining Reid Eddison in 1999, where he was a principal until 2008. From 2001 until 2007, Mr. Kelly was Chairman of NexInnovations Inc. Prior to that, he founded Why Interactive, was a founder of Computer Innovations Distribution Inc. and Nabu Network Corporation, and was also a founder of SHL Systemhouse Ltd. (since acquired by EDS). He is currently Co-Chair of Canadian Advanced Technology Alliance (CATA), Canada's largest association representing the Canadian advanced technology industry to Government and the public. Mr. Kelly has received many honors and awards including Master Entrepreneur of the Year, Ontario (1997), Most Respected CEO, Ottawa (1998), Civic Entrepreneur of the Year, Ottawa (1999) and Ottawa's Business Man of the Year (2001). In November 2004, Mr. Kelly was inducted into the Canadian Information Productivity Awards (CIPA) Hall of Fame and in May 2005, he received the United Way Volunteer of the Year Award. He holds an honors B.B.A. degree in Finance (Iona College, New Rochelle, New York), an honors Law degree (University of Ottawa, Ottawa, Canada) and an honorary Doctorate from the University of Ottawa (Ottawa, Canada).
Oliver Toffoli has resigned as Chief Financial Officer of the Company. Mr. Toffoli is a professional engineer with more than 35 years experience in construction and project management. He will remain working with the company in the areas of operations and project management.
Michael Williams has assumed the role of Chief Financial Officer on an interim basis until such time as a permanent replacement can be appointed. Mr. Williams has been a director of the Company since 2005 and is Chairman of the Company's Audit Committee. Mr. Williams is a Chartered Financial Analyst and a Professional Engineer. He holds an honors BASc and MTax from University of Waterloo, and an MBA from Wilfred Laurier University. He is currently employed as a Portfolio Manager with Independent Accountants Investment Counsel Inc.
About Thermal Energy
Thermal Energy International Inc. is an innovative technology company providing custom energy and emission reduction, and bioenergy solutions. Headquartered in Ottawa, Canada, TEI is a designer, design build developer, fabricator, owner, operator and supplier of proprietary and patented energy conservation, renewable energy and environmental technology solutions. Thermal Energy is a fully accredited professional engineering firm, and offers advanced process and applications engineering services. The Company is a proud member of the Chicago Climate Exchange (CCX). FLU-ACE(TM), DRY-REX(TM), THERMALONOx(TM), THERMAL AUD(TM) and GEM(R) are trademarks of Thermal Energy International.
To find out more about Thermal Energy International Inc. (TSX-V: TMG), visit our website at http://www.thermalenergy.com.
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SOURCE Thermal Energy International Inc.
For further information: For further information: William Crossland, President and CEO, (613) 723-6776