Ocean Power Technologies, Inc. (“OPT” or “the Company”), a leading wave energy technology company, today announced that David L. Keller was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 3, 2013.
In addition, David L. Davis and Bruce A. Peacock retired from the Board of Directors effective with the Annual Meeting.
Mr. Keller is currently an independent director of ThermoEnergy Corporation (OTCQB:TMEN), a company engaged in the worldwide development, sales and commercialization of proprietary municipal and industrial wastewater treatment and power generation technologies. Mr. Keller previously served as President, Chief Executive Officer and Director of Global Power Equipment Group Inc. (Nasdaq:GLPW) a comprehensive provider of power generation equipment and modification and maintenance services for customers in the domestic and international energy, power infrastructure and service industries. Prior to his position at Global Power Equipment Group, Mr. Keller served as the President and Chief Operating Officer of The Babcock & Wilcox Company (“B&W”), a wholly owned subsidiary of McDermott International, Inc.
“We are very pleased to announce David’s addition to our Board of Directors,” said Charles F. Dunleavy, Chief Executive Officer of OPT. “He brings strong experience in the energy and power infrastructure sectors. His background in these areas, as well as his management experience in international markets, will serve the Company well as we move forward. We look forward to working with David on many exciting initiatives. We also wish David Davis and Bruce Peacock well in their future endeavors.”
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Press release, October 23, 2013; Image: opt