Energy Recovery chief to quit
Chief executive officer (CEO) of pressure technology specialist Energy Recovery, Thomas Rooney, has resigned as the company increases its focus on the oil and gas sector.In a statement the company said Rooney was to leave "to facilitate a transition during which the Company will identify and appoint a successor to further lead the Company's efforts in the oil and gas industry while continuing to strengthen its market leading position in desalination."
It added: "The company's board of directors will actively search for a new CEO in the coming weeks. Rooney will work closely with the board over the next few months to ensure a smooth CEO transition."
Rooney said the company had, during the past four years, developed three new technologies for the oil and gas industry taking its operations beyond desalination. "We believe it is in the best interest of our company and our shareholders to now bring in an executive with considerable expertise in the oil and gas industry, with necessary acumen and industry connections to maximize our potential," said Rooney.
Chairman of the Energy Recovery board of directors, said: "Tom has been instrumental in our diversification into fluid flows other than in desalination. During his tenure not only has the company maintained its commanding position in SWRO, but introduced new products to reduce energy consumption and energy waste across multiple industries. We truly appreciate Tom's contributions in positioning ERI at the forefront of a new commercial dawn."