Blue Earth Appoints Michael W. Allman and James A. Kelly to the Board of Directors [Global Data Point]
(Global Data Point Via Acquire Media NewsEdge) Blue Earth, Inc. is pleased to announce that Michael W. Allman and James A. Kelly have been elected to the Board of Directors.They will join the Board on the earlier of BBLU being listed on an exhange, NYSE MKT or NASDAQ, or January 1, 2014. Both Mr. Allman and Mr. Kelly have exceptional experience in power generation with large electric utilities, distributed generation issues, project finance, accounting and auditing, and emerging technologies such as batteries, wireless and other components of a smarter grid. Their experiences in energy services are expected to be of great benefit as BBLU becomes a significant owner of distributed generation power plants and for our energy efficiency business and the roll out of our new battery and energy management control technologies. Compensation will be 100,000 shares of BBLU common stock for a two-year term. Additional directors are expected to be appointed prior to an exchange listing.
Mr. Allman served as an employee of Sempra Energy until his retirement in June 2012. He has served as a VP of business development, President of Sempra Communications, VP of Internal Audit, CFO of Sempra Global, President/CEO of Sempra Generation and Chairman, President and CEO of SoCalGas. At Sempra Energy, Mr. Allman has served as chief strategy officer and was involved in wind generation, solar power, natural gas power plants, pipelines, energy trading, project finance, energy efficiency rebates, batteries and other energy technologies. He is actively involved in boards and as an advisor for companies involved in renewable energy, smart energy infrastructure, solar financing and in finance and accounting roles. Mr. Allman will serve as Chair of the Audit committee and a member of the Nominating and Corporate Governance and Compensation committees. Mr. Allman holds a BS in Chemical Engineering from Michigan State University and an MBA from the University of Chicago Booth School of Business. He is a Certified Management Accountant and a Certified Internal Auditor.
Mr. Kelly served Edison International (EIX) for almost 38 years. EIX is the parent company of Southern California Edison, a regulated electric utility, and Edison Mission Group, an independent power company. During that time, he served as President of Edison ESI, VP of Regulatory Compliance and Environmental Affairs, VP of Engineering & Technical Services and most recently as SVP of Transmission & Distribution, leading an organization of 8,000 employees, with an annual operating budget of over $2.5 billion. Since retiring in 2011, Mr. Kelly serves in a number of board and advisory positions for companies involved in energy storage, wireless systems and engineering. He is also co-founder of Muni-Fed Streetlight Solutions, and a partner in Sandidge Consulting, advising local cities and agencies on energy issues. Mr. Kelly is a senior advisor and consultant for selected governmental and private clients, including the Port of Long Beach and the Los Angeles County Metropolitan Transportation Authority. Mr. Kelly has agreed to Chair the Nominating and Corporate Governance committee and the Compensation committee. He will serve as a member of the Audit committee. Mr. Kelly has a Master's degree from Cal State Polytechnic University and a B.S degree from Cal State Long Beach.
Mr. Kelly said, "Blue Earth is integrating multiple green energy technologies that will enable customers to deploy end-to-end solutions to reduce cost and improve environmental stewardship. I'm excited to be part of our journey toward a sustainable planet."
"We are delighted with the additions of Michael and James to our board," said Laird Q. Cagan, Chairman of Blue Earth, Inc. "Both are extremely accomplished individuals who have created shareholder value and demonstrated excellent operational and leadership skills. Their extensive experience and expertise in the power industry make them great additions for advancing the Company's long term growth objectives."
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