Energy Recovery Announces Appointment of Eric O. Siebert as Vice President of Corporate Strategy
22 May 2015 - 10:30PM
Business Wire
Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure
energy technology for industrial fluid flows, today announced that
it has appointed Mr. Eric O. Siebert as Vice President of Corporate
Strategy, effective June 8, 2015.
Mr. Siebert most recently served as General Manager of Coating
Services for Aegion (NASDAQ:AEGN), a leading pipeline corrosion
protection company that operates within global oil & gas
markets. After Mr. Siebert helped establish Aegion’s Eastern
Hemisphere headquarters in Dubai, he focused on developing and
managing operations in key international markets, including Europe,
Middle East, Asia, Africa & the Caspian Region. Mr. Siebert had
full P&L responsibility for the coating services business,
including strategic and financial planning, capital investment,
market development and execution. Prior to his operational role,
Mr. Siebert was an integral part of the Strategy & Development
team that led Aegion’s diversification into pipeline corrosion
protection within the oil & gas sector.
Mr. Joel Gay, President and Chief Executive Officer of Energy
Recovery, stated, “I had the opportunity to work with Eric during
my time at Aegion and am pleased to have the chance to do so again
as we welcome him to Energy Recovery. I believe his experience
developing and managing operations within various geographic oil
& gas markets, as well as his substantial background in finance
and corporate development, will benefit our ongoing market
expansion efforts. Since the beginning of the year, I devised and
implemented a number of changes to our strategy and framework,
which I believe have set the Company on a solid foundation to be
able to successfully execute on its strategic initiatives. This
includes adding key members of leadership who can meaningfully
contribute to our progress on these goals. With our recently
appointed Chief Financial Officer Chris Gannon and Eric both
joining the Energy Recovery team, I am increasingly confident that
this leadership team can move the Company forward on its
objectives.”
Mr. Siebert stated, “I am excited to be joining Energy Recovery
at a time when its proven strength in innovation has opened a
number of opportunities for the Company. I look forward to
supporting Joel, Chris and the other members of the senior
management team, as we set out to realize the vision that has been
established for the next phase of the Company’s evolution.”
Prior to joining Aegion, Mr. Siebert held management positions
in the Financial Services industry with companies like Ernst &
Young and Merrill Lynch. He began his career in investment banking
and middle market financing in London with a focus on capital
market transactions.
Mr. Siebert holds a bachelor’s degree in Business Administration
from Illinois Wesleyan University and an MBA from the University of
Chicago’s Booth School of Business.
About Energy Recovery
Energy Recovery (NASDAQ:ERII) develops award-winning
solutions to improve productivity, profitability, and energy
efficiency within the oil & gas, chemical, and water
industries. Our products simplify complex systems and protect
vulnerable equipment. By recycling fluid pressure that would
otherwise be lost in critical processes, we save clients more
than $1.4 billion (USD) annually. Headquartered in the
San Francisco Bay Area, Energy Recovery has offices
in Shanghai and Dubai.
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version on businesswire.com: http://www.businesswire.com/news/home/20150522005146/en/
Media:Energy Recovery Inc.Alex Dolan, +1
510-746-2574adolan@energyrecovery.comorInvestors:The Equity
Group Inc.Adam Prior, +1 212-836-9606aprior@equityny.com
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