Cirque’s executive management team, consisting of Tom Coté, Roger Silverthorn, and Richard Fosgitt will become officers of Green Energy. Silverthorn and Coté will also join the company’s board of directors. Frank O’Donnell will continue as chairman of the board and Joe DuRant and Dan Garmin will continue as directors.
Green Energy intends to change its name to Cirque Energy Inc. The new management team is comprised of Frank O’Donnell, chairman; Joseph DuRant, chief executive officer; Roger Silverthorn, chief financial officer; Tom Coté, chief operating officer; and Richard Fosgitt, design and development officer.
Cirque, based in Ithaca, Mich., has specific expertise and experience in the development, design, financing, construction, and operation of landfill operations, renewable energy, and traditional distributed generation projects. Green Energy said the addition of the Cirque management team provides it with essential execution capabilities that will enable the company to successfully transition from planning to operations in the near term. Cirque also brings project opportunities that are expected to rapidly mature and financing resources that will facilitate securing contracts and implementation.
DuRant stated, “Our merger with Cirque came together as a result of our shared vision to create a unique energy development company that provides end-to-end expertise in the development, implementation, and operation of renewable energy projects that conserve natural resources and minimize negative environmental impact. Cirque’s senior management team brings skills sets and expertise that are unparalled in the energy development industry and our combined strengths will enable Green Energy to successfully transition from a development stage company to a full operating company with the capability to execute and finance renewable energy projects. Cirque Energy has developed a diversified portfolio of potential renewable energy projects that are ready for implementation and which carry with them above-market return on investment.”
For more information, visit www.cirque-energy.com.
Publication date: 6/3/2013