Mike O'Neil and Ken Ivanic highlight latest talent to join the leading
online energy exchange
WORCESTER, MA, Sept. 10 /CNW/ - World Energy Solutions, Inc. (TSX: XWE),
the operator of leading online exchanges for energy and energy-related
products, today announced the appointment of three key executives.
Mike O'Neil, formerly with Intercontinental Exchange (NYSE: ICE), has
joined World Energy to lend his exchange industry experience in continuing to
grow World Energy's wholesale energy business. With World Energy Mr. O'Neil
will be responsible for working directly with the company's wholesale
constituents to help them manage their evolving energy needs. Mr. O'Neil joins
World Energy as Vice President, Wholesale Sales, Northeast.
Ken Ivanic joins from UK-based Utilyx Limited, an exclusive partner of
World Energy. Mr. Ivanic will help to bolster World Energy's growing green
market presence in the United States as Product Manager, World GreenExchange.
Mr. Ivanic's primary responsibility will be to prospect, qualify and secure
long-term energy brokerage and consultancy contracts in a variety of sectors
including hospitality, industrial-manufacturing, retail and government.
Carolyn Oldenburg joins World Energy as General Counsel. Ms. Oldenburg,
an attorney with more than 15 years of experience, most recently served as
Director of Legal Operations and Security for GeoTrust, Inc. Ms. Oldenburg
will be responsible for the overall planning, management and execution of
World Energy's legal functions.
In addition, Eric Alam, who joined World Energy earlier in 2007 as the
head of Corporate Marketing, has expanded his role at World Energy to Senior
Vice President of Sales and Corporate Marketing, replacing David Bat, who is
no longer with the company. Mr. Alam will leverage over two decades of
experience in leading sales and marketing efforts in various aspects of the
energy industry including experience in wholesale, retail and risk management.
Phil Adams, World Energy COO, said, "Bringing Mike, Ken and Carolyn to
World Energy further strengthens our team. World Energy's ability to continue
attracting subject matter experts who have helped create successful businesses
is a testament to our company's position as an industry innovator and leader."
About World Energy Solutions, Inc.
World Energy operates leading online exchanges for energy and
energy-related products. Our proven approach provides market intelligence,
promotes liquidity, and creates price transparency for all market
participants, enabling our customers to transact with confidence and to seek
the best possible price. To date, the company has transacted over 32 billion
kwh of electricity, 500 million kwh of green power and Renewable Energy
Certificates (RECs) and one trillion cubic feet of natural gas. For more
information, please visit www.worldenergy.com.
This press release contains forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ from
those indicated in the forward-looking statements. Such risks and
uncertainties include, but are not limited to: our revenue is dependent on
actual future energy purchases pursuant to completed procurements; the demand
for our services is affected by changes in regulated prices or cyclicality or
volatility in competitive market prices for energy; we depend on a small
number of key energy consumers, suppliers and channel partners; there are
factors outside our control that affect transaction volume in the electricity
market; and there are other factors identified in our Annual Report on Form
10-K and subsequent reports filed with the Securities and Exchange Commission.
For further information:
For further information: Investor Relations, Phil Adams, World Energy
Solutions Inc., (508) 459-8100, email@example.com or Craig Armitage, The
Equicom Group, (416) 815-0700 x278, firstname.lastname@example.org; Media
Relations, Ginger Juhl, Juhl Communications, (720) 200-4082,