THEOLIA announces that Marc van't Noordende has accepted to become Chief Executive Officer of THEOLIA on a permanent basis, following a six-month period as interim CEO.
Eric Peugeot, Chairman of the Board of Directors of THEOLIA, said "THEOLIA is very fortunate to have Marc continue to manage the Group during this critically important phase and beyond. The Board is confident that his leadership and experience offer the company the best chances for success in the future. I am grateful for what Marc has accomplished in the last six months as an interim CEO."
Marc van't Noordende added "I thank the Board members for their confidence in me as we continue our restructuring efforts in a difficult market environment. We have not yet resolved all of our short term issues but are working very hard to do so. Thereafter, I believe that THEOLIA will be able to thrive as it has a good starting position and a high quality pipeline in a number of large countries in a sector that continues to offer significant growth potential."
Notes to editors:
Marc van't Noordende, a Dutch national, joined Essent NV in 2000 as President of the Energy Division, became a member of Essent's Executive Board in 2002 and was its COO from 2005 to 2008. Prior to joining Essent, he was CEO of Protein Genetics based in Wisconsin, USA from 1997 to 2000. Before Protein Genetics, he held positions at Gemini Consulting in Paris and Akzo Nobel. Mr. van't Noordende has an MBA from Insead (France) and a Law Degree from the University of Leiden (The Netherlands).
THEOLIA is a leading European producer of electricity from wind energy. THEOLIA is active in France, Germany, Italy, India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The stock is in the SBF 120 and CAC MID100 indices.
For more information
Edward F. McDonnell
Director of Investor Relations
Tel: +33 (0)4 42 906 594
French Société Anonyme (public limited company with Board of Directors) with share capital of ¤39,746,992
Registered office: 75 rue Denis Papin BP 80199 - 13795 Aix-en-Provence cedex 3 - France
Tel : +33 (0)4 42 904 904 - Fax : +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment B of Euronext Paris, code: TEOInformation réglementée
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