Business & Finance
Business and Finance
Business and Finance
Fri, July 16, 2010 Evergreen Energy Names William G. Gibson Chairman of the Board
DENVER--([ BUSINESS WIRE ])--Evergreen Energy Inc. (NYSE Arca:EEE) has appointed William G. Gibson chairman of the board, replacing M. Richard Smith who did not stand for election. The total board count will be seven members.
"With 35+ years experience in software and professional services organizations, Bill is prepared to help Evergreen achieve its goals for GreenCerta" and K-Fuel®. Billa™s strengths include strategy assessment, operations analysis, marketing review and go-to-market design, which are very relevant to Evergreen today. We thank Rick Smith for his service."
aWe have transformed Evergreen to a clean tech company and our board changes reflect our new path,a said Thomas H. Stoner, Jr., CEO and director of Evergreen. aWith 35+ years experience in software and professional services organizations, Bill is prepared to help Evergreen achieve its goals for GreenCerta" and K-Fuel®. Billa™s strengths include strategy assessment, operations analysis, marketing review and go-to-market design, which are very relevant to Evergreen today. We thank Rick Smith for his service.a
Gibson stated, aI joined the board in January of 2010. I congratulate managementa™s success in shedding non-core assets and improving financial performance. The company is now poised to leverage our position as a clean tech company, focused on delivering product and improving financial performance. I am proud to serve as chair to lead its efforts.a
William G. Gibson
Gibson is a seasoned executive with over 35 years experience in high technology. He has served on the Board of Directors of a privately held bio-fuel renewable energy company since November 2007. Gibson served as president and CEO of Network General Corporation, from November 2005 through November 2007, which was acquired by NetScout in November 2007. Previously, Gibson as a Senior Executive Consultant at Silver Lake Partners from February 2005 through November 2005 and as COO of Crystal Decision, Inc., a provider of business intelligence software and services, at which he helped orchestrate the restructure and refocus of a slow growing desktop software company into an enterprise ready software category leader. Gibson also held management, operations and sales positions at industry-leading companies such as AT&T Corporation, Lucent Technologies, Inc., NEC Corporation, Rogers Cantel Mobile Communications, Inc., Securitylink, Sharp Electronics and Sprint PCS. Gibson holds an MBA degree from Georgia State University and Bachelor of Science Economics from Auburn University.
Evergreen Energy Inc.
Evergreen Energy Inc. (NYSE Arca:EEE) has developed two proven, proprietary, patented, and transformative green technologies: the GreenCerta" suite of software and services and K-Fuel®. GreenCert, which is owned exclusively by Evergreen, is a science-based, scalable family of environmental intelligence solutions that quantify process efficiency and greenhouse gas emissions from energy, industrial and agricultural sources and may be used to create verifiable emission reduction credits. K-Fuel technology significantly improves the performance of low-rank coals, yielding higher efficiency and lowering emissions. Visit [ www.evgenergy.com ] for more information.
Safe Harbor Statement
Statements in this release that relate to future plans or projected results of Evergreen Energy Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. Our actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the realization of any one or more of the risk factors described in our annual or quarterly reports, or in any of our other filings with the Securities and Exchange Commission. Readers of this release are encouraged to study all of our filings with the Securities andExchange Commission. In addition, our ability to execute our business plan and develop the GreenCerta" or K-Fuel® technologies may be adversely impacted by unfavorable decisions in the Buckeye litigation or other materiallitigation, byourinability to raise sufficient additional capital, or delays in meeting product development and delivery schedules for GreenCerta" and K-Fuel®. Readers of this release are cautioned not to put undue reliance on forward-looking statements.
