Ram Power, Corp. Announces Selby F. Little as Acting Chief Financial Officer
(firmenpresse) - RENO, NV -- (Marketwire) -- 09/30/11 -- Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Company"), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today that John F. O'Neill has resigned as Vice President and Chief Financial Officer to pursue other opportunities. The Company has appointed Selby F. "Bud" Little as Acting Chief Financial Officer replacing Mr. O'Neill.
Mr. Little was most recently Executive Vice President and Chief Financial Officer of CLP Resources, Inc., a staffing company focused on construction and energy producing companies, and Chief Financial Officer of the Skilled Trades Group of CLP's parent company TrueBlue, Inc., a multinational blue collar staffing company listed on the New York Stock Exchange. While at CLP and TrueBlue, Mr. Little completed four acquisitions and divestitures valued at $130 million, and developed and implemented Sarbanes-Oxley compliant financial and operational systems and controls. Mr. Little was Executive Vice President and Chief Financial Officer of HydroChem Industrial Services, Inc. from 1996 to 2000, which provides industrial services to the petrochemical, pulp and paper, metals and electric power industries. While at HydroChem, Mr. Little raised $180 million in public and private capital, completed two acquisitions valued at $70 million, oversaw the design and construction of a 130,000 square foot, 20 acre laboratory, manufacturing and headquarters facility, and developed and implemented multinational financial and operational systems and controls. Earlier in his career, Mr. Little was Vice President and Chief Financial Officer of Ross Systems, Inc. and Unify Corporation.
Mr. Little received his BS in Economics from Texas A&M University and MBA in Finance from the Texas A&M Mays Business School. He is a Certified Public Accountant in the State of Texas, and a member of the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants and Financial Executives International.
"On behalf of the Company's Board of Directors, we would like to thank John for his service to the Company during a challenging period," stated Antony Mitchell, Executive Chairman of Ram Power. "Bud's background with capital markets, corporate financial processes and strategic planning make him uniquely well-suited to contribute significantly to the Company's continued success at San Jacinto and beyond."
Ram Power is a renewable energy company based in Reno, Nevada, engaged in the business of acquiring, exploring, developing, and operating geothermal properties. Ram Power has an interest in geothermal projects, primarily in the United States, Canada, and Latin America.
This press release contains "forward-looking information" within the meaning of applicable securities laws including information regarding the business of Ram Power. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release. Ram Power undertakes no obligation to update forward-looking information, other than as required by law, or comment on analyses, expectations or statements made by third parties in respect of Ram Power, or its financial or operating results or its securities.
Steven Scott
Director of Investor Relations
Ram Power, Corp.
Phone: 775-398-3711
Email:
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Datum: 30.09.2011 - 06:29 Uhr
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