OR WAIT null SECS
U.S. Geothermal Inc. ,a renewable energy company focused on the development, production, and sale of electricity from geothermal energy, has announced that the Company’s Board of Directors has appointed Douglas J. Glaspey as Interim Chief Executive Officer, effective July 19, 2017. Glaspey will also continue to serve as the Company’s President and Chief Operating Officer.
The Company also announced that it has entered into a six-month agreement with current Chief Executive Officer, Dennis J. Gilles, to serve as an Executive Advisor to the Company, effective at the conclusion of Gilles’ current employment agreement, which expires on July 18, 2017.
As previously announced, the Board of Directors has established an Executive Committee that, in addition to overseeing the search for a new CEO, will help guide the company on key strategic initiatives and capital allocation.