Christopher Clouser Named to the Board of Directors of Acorn Energy
Christopher Clouser Named to the Board of Directors of Acorn Energy -- MONTACHANIN, Del., Nov. 23, 2011 /PRNewswire/ --
Christopher Clouser Named to the Board of Directors of Acorn Energy
MONTACHANIN, Del., Nov. 23, 2011 /PRNewswire/ -- Acorn Energy, Inc. (NASDAQ: [ ACFN ]), an energy technology holding company, announced today the appointment of Christopher Clouser, 59, as a new member of its Board of Directors, bringing the total membership of the Board to seven.
During a twenty-five year corporate career, from 1981-2004, Christopher Clouser held senior level positions including: President of Burger King Brands; President and CEO of Preview Travel/Travelocity; CEO of the Minnesota Twins Major League Baseball Club; Senior Vice President & Chief Communications Officer of Northwest Airlines; Corporate Vice President of Public Affairs and Communications of Hallmark Cards; and Senior Vice President and Chief Administrative Officer of Sprint.
He has served on the corporate Boards of Directors of Piper Jaffray Inc., Gibson Guitar/Baldwin Corp., Mall of America, Pepsi Americas, Marquette Bancshares, Delta Beverage and Mesaba Aviation.
Currently Mr. Clouser is Co-Chairman of the Advisory Board of Transamerica Retirement Management (TRM), and Co-Chairman of D and D Holdings of Cabo San Lucas, Mexico. He also serves as Chairman of the International Tennis Hall of Fame and Museum in Newport, Rhode Island. Prior to his current positions, he was President of the Association of Tennis Professions (ATP), where he also served as Chairman of ATP Properties and Chair of the ATP Foundation.
Mr. Clouser is the founder of the Northwest Airlines charitable assistance program, Aircares; the Minnesota Walk for Hunger; and the Children's Music and Art Foundation. He has served on numerous charitable organizations including, the Muscular Dystrophy Association, The Taste of the NFL/ Hunger Related Events board, the Epilepsy Foundation of America and the Advertising Council.
After attending the University Missouri, Mr. Clouser joined the staff of Senator Thomas F. Eagleton of Missouri in 1973.
"Chris will provide broad perspective and creative thinking to Acorn Energy based on his solid and successful body of work in communications, operations, government and on corporate boards," said John Moore, CEO of Acorn Energy. "Through his experience in both public and private companies, he understands the challenges faced by Acorn's portfolio companies as they move to gain a stronger pace and level of adoption of their game-changing technical solutions for the aging energy infrastructure."
"I am pleased to join the Board of such and exciting and dynamic company as Acorn Energy," said Mr. Clouser. "Clearly, Acorn's board and leadership have positioned the company for significant growth and opportunistic expansion. I look forward in participating in that process and the continued success of ACFN for shareholders."
About Acorn Energy, Inc.
Acorn Energy, Inc. is a holding company focused on technology driven solutions for energy infrastructure asset management. Our three businesses in which we have controlling interests, improve the world's energy infrastructure by making it more secure by providing security solutions for underwater energy infrastructure (DSIT), more reliable by providing condition monitoring instruments for critical assets on the electric grid (GridSense) and more productive and efficient by increasing oil and gas production while lowering costs through use of ultra-high sensitive seismic tools for more precise pinpointing of oil and gas reservoirs (US Seismic). For more information visit [ http://www.acornenergy.com ].
Safe Harbor Statement
This press release includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that the Company and its operating companies will be able to achieve the expected growth in revenue or meet the other expectations described or referred to above. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally and the businesses of its subsidiaries is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.
Investor Contact:
Paul G. Henning
Cameron Associates
(212) 554-5462
[ Paul@cameronassoc.com ]
SOURCE Acorn Energy, Inc.
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