SAN LEANDRO, Calif.--(BUSINESS WIRE)--May 22, 2015--
Recovery Inc. (NASDAQ:ERII), the leader in pressure energy
technology for industrial fluid flows, today announced that it has
appointed Mr. Eric O. Siebert as Vice President of Corporate Strategy,
effective June 8, 2015.
Mr. Siebert most recently served as General Manager of Coating Services
for Aegion (NASDAQ:AEGN), a leading pipeline corrosion protection
company that operates within global oil & gas markets. After Mr. Siebert
helped establish Aegion’s Eastern Hemisphere headquarters in Dubai, he
focused on developing and managing operations in key international
markets, including Europe, Middle East, Asia, Africa & the Caspian
Region. Mr. Siebert had full P&L responsibility for the coating services
business, including strategic and financial planning, capital
investment, market development and execution. Prior to his operational
role, Mr. Siebert was an integral part of the Strategy & Development
team that led Aegion’s diversification into pipeline corrosion
protection within the oil & gas sector.
Mr. Joel Gay, President and Chief Executive Officer of Energy Recovery,
stated, “I had the opportunity to work with Eric during my time at
Aegion and am pleased to have the chance to do so again as we welcome
him to Energy Recovery. I believe his experience developing and managing
operations within various geographic oil & gas markets, as well as his
substantial background in finance and corporate development, will
benefit our ongoing market expansion efforts. Since the beginning of the
year, I devised and implemented a number of changes to our strategy and
framework, which I believe have set the Company on a solid foundation to
be able to successfully execute on its strategic initiatives. This
includes adding key members of leadership who can meaningfully
contribute to our progress on these goals. With our recently appointed
Chief Financial Officer Chris Gannon and Eric both joining the Energy
Recovery team, I am increasingly confident that this leadership team can
move the Company forward on its objectives.”
Mr. Siebert stated, “I am excited to be joining Energy Recovery at a
time when its proven strength in innovation has opened a number of
opportunities for the Company. I look forward to supporting Joel, Chris
and the other members of the senior management team, as we set out to
realize the vision that has been established for the next phase of the
Prior to joining Aegion, Mr. Siebert held management positions in the
Financial Services industry with companies like Ernst & Young and
Merrill Lynch. He began his career in investment banking and middle
market financing in London with a focus on capital market transactions.
Mr. Siebert holds a bachelor’s degree in Business Administration from
Illinois Wesleyan University and an MBA from the University of Chicago’s
Booth School of Business.
About Energy Recovery
Energy Recovery (NASDAQ:ERII) develops award-winning solutions to
improve productivity, profitability, and energy efficiency within the
oil & gas, chemical, and water industries. Our products simplify complex
systems and protect vulnerable equipment. By recycling fluid pressure
that would otherwise be lost in critical processes, we save clients more
than $1.4 billion (USD) annually. Headquartered in the San Francisco Bay
Area, Energy Recovery has offices in Shanghai and Dubai.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005146/en/
Source: Energy Recovery Inc.
Energy Recovery Inc.
Alex Dolan, +1 510-746-2574
Equity Group Inc.
Adam Prior, +1 212-836-9606