Energy Recovery Appoints Two New Members to Board of Directors
Appointments Strengthen Company’s Presence in Each of its Targeted Industry Segments
SAN LEANDRO, Calif.–Feb. 6, 2015– Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the appointments of Mr. Ole Peter“OP” Lorentzen and Mr. Alexander J. Buehler to its Board of Directors effective February 6, 2015. The addition of Messrs. Lorentzen and Buehler increases the number of directors on the Board to nine, following the resignation of Mr. Thomas S. Rooney, Jr. on January 13, 2015.
Both individuals bring a diverse range of financial, strategic, entrepreneurial, and engineering experience to Energy Recovery as the Company continues to expand the application of its fluid pressure technology into new energy markets.
Mr. Lorentzen stated, “We look forward to working with Management and the rest of the Board to ensure the successful execution of ERI’s business opportunities, with special emphasis on a focused and targeted go-to-market strategy.”
Mr. Buehler stated, “Since my tenure at the Company, I have believed in the value of Energy Recovery’s products, its technology, and the size of the market opportunity. I expect to work with the Board to continue fine-tuning and relentlessly executing on the Company’s strategy, while also leveraging my experience in the water and oil and gas industries to develop new customer relationships and business opportunities.”
Background on Mr. Lorentzen
Mr. Lorentzen has a bachelor’s degree in business administration from Lund University in Sweden.
Background on Mr. Buehler
Mr. Buehler previously served as Chief Financial Officer of Energy Recovery from May 2011 until he joined EMS in July 2014. He has years of experience in general management and strategic planning as well as new product development, global sales and marketing, corporate development and operations management.
Prior to his time at Energy Recovery, Mr. Buehler spent seven years in executive leadership positions at Insituform Technologies, Inc., (now Aegion Corporation; NASDAQ: AEGN), a global supplier of water infrastructure technology and services for municipalities and industry, including oil and gas. Prior to joining Insituform, Mr. Buehler worked for five years in the U.S. Army Corps of Engineers, where he served as project manager in the construction of basecamps to house U.S. peacekeepers in the Balkans.
Mr. Buehler received a B.S. in Civil Engineering from the United States Military Academy at West Point and an MBA in Finance from the Wharton School at the University of Pennsylvania. More recently, he attended Director’s College at the Stanford Law School in preparation for board-level positions.
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 Bay Area, Energy Recovery has offices inMadrid, Shanghai, and Dubai.
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