Energy Recovery appoints Gay as chief
Pressure energy technology company Energy Recovery has appointed Joel Gay as chief executive officer with immediate effect. Gay served as the company's chief financial officer since 2014 and joined Energy Recovery in 2012.Gay has been overseeing and directing the day-to-day affairs of Energy Recovery with direct oversight from the board of directors since the departure of the previous chief executive, Thomas Rooney the company said.
Energy Recovery chairman, Hans Peter Michelet, said: "We conducted a comprehensive search for the company's next leader and concluded that Joel is the right individual with the right experience, vision and acumen.
"During the transition period, Joel has successfully led the company and created stability. He has implemented a number of key operating and strategic initiatives, including rationalizing our cost structure and re-focusing the company's sales strategy. "Importantly, Joel has led the development and process behind Energy Recovery's paradigm-shifting technology--the VorTeq. For the last year and a half, he has directly managed and led the VorTeq initiative, including the execution of our strategic alliance with Liberty Oilfield Services."
Gay is an inventor in several VorTeq patent applications.
The company said its "re-focused strategic initiatives" include market expansion into the oil and gas industry and "a continued strengthening of Energy Recovery's leading position in reverse osmosis sea water desalination."
The company said it would "conduct a search for a new chief financial officer coming weeks."