News
Sep 02, 2009NEWS RELEASE - Western GeoPower President & CEO MacLeod Resigns
VANCOUVER, Canada, September 1, 2009, TSX Venture Exchange Trading Symbol: WGP - Western GeoPower Corp., a renewable energy company, today announced the resignation of Kenneth MacLeod as President, CEO and a Director of the company effective immediately. Daryl Clark has been named President & CEO on an interim basis, also effective immediately.
The changeover reflects the expected completion of the previously disclosed business combination between Western GeoPower and two other geothermal companies, resulting in a more broadly diversified entity under the leadership of Hezy Ram and the Ram Power management team.
“Ken’s leadership of Western GeoPower since its launch in 2001 has been a significant contributor to the company’s ongoing success. He was instrumental in creating a strategic vision and implementing a plan to make Western GeoPower an important geothermal developer in North America,” said Daryl Clark, Chairman of Western GeoPower. “On behalf of the Board of Directors, we wish him the very best in his future endeavors.”
“I have enjoyed the opportunity to lead Western GeoPower for over seven years”, said Mr. Macleod. “We have assembled a strong technical team and are well positioned to transition from a stand alone development stage company to become part of a larger, well capitalized company through the proposed business combination. The new company will have a broad and diversified pipeline of projects ranging from operating to near term operating and early stage development. I am confident that the Board will realize the full potential of the merged company.”
About Western GeoPower Corp.
Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, sustainable, baseload electricity generation. The Company is developing The Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field in Sonoma County, California, United States; the South Brawley geothermal project in Imperial County, California, United States; and the South Meager geothermal project in British Columbia, Canada.
Written on behalf of the Board of Western GeoPower Corp
Daryl S. Clark, Chairman
A note from CanGEA:
Ken MacLeod and Western GeoPower have played an integral role in CanGEA’s existence and prosperity. Without Ken, CanGEA may not have happened. They have been a member since the beginning and CanGEA, in a large part, was formed in the first place to assist companies get the geothermal industry going in Canada. Ken is a pioneer and it has been our privilege to work on Western GeoPower and their visionary Meager Creek property’s behalf.
