TORONTO, Apr. 24, 2015 /PRNewswire/ -- Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to announce the appointment of Mr. John S. Wilkes as President and Chief Executive Officer. Mr. Wilkes will oversee the implementation of the AWSLs' South Asian expansion and seek to further elevate AWSL as an international presence in the renewable energy market.
Mr. John S. Wilkes, M.B.A., C.P.A., C.A. (53)
Mr. Wilkes earned his C.A. designation with Price Waterhouse in Toronto, Canada. Upon obtaining his designation Mr Wilkes worked in Private Industry for a brief period of time before joining Coopers & Lybrand in Toronto, Canada. While there Mr. Wilkes focused on Mergers and Acquisitions. In the early '90's Mr. Wilkes joined a junior investment bank Pagun Capital Corporation where he spent most of his time evaluating environmental technologies. Since 2005, Mr. Wilkes has been an Independent Investment Management Professional, making private investments in both private and public companies that, for the most part, have their core business in the environmental space.
Mr. Wilkes has lived and worked in Asia and, over the years, has developed a vast network in this region.
Mr. Gilles Trahan
The appointment follows the resignation of Mr. Gilles A. Trahan, Chairman and CEO. Mr. Trahan stepped in as interim CEO in 2011 and successfully turn Atlantic around, back to its roots as a lean, nimble development company. Following record and rising losses and seemingly troubled times for the company and still no sales and $2.7 million in losses Mr. Trahan was tasked with a immediate turn around to ensure a future for its stakeholders.
During his tenor as interim CEO, Mr. Trahan worked closely with management cutting losses and building the sales pipeline. Atlantic's project pipeline expanded exponentially, spanning 3 continents. During this time, delivering triple digit growth 3 years running and firmly planting the company in profitability.
Commenting on the appointment and resignation, Mr. Trahan stated "while it is with a heavy heart I announce my resignation, I knew this was a short term assignment. As I stated to the board upon my appointment, upon me successfully turning this company around I will be seeking a successor. With the company now profitable, a very bright future and with securing the right successor the time is now". Adding further.., "I am confident with Mr. Wilkes experience and pedigree that he is the right choice to lead Atlantic to much greater heights. I would also like to express my sincere gratitude to all the employees and management and our shareholders for their continued support over the past few years. With a vested interest in continued success, I too will add my support to the company as it embarks on its next stage of evolution".
The Board of Directors welcomes Mr. Wilkes and looks forward to working with him to continue Atlantic's expansion globally. The Board would also like to express its sincere gratitude to Mr. Trahan for his commitment and dedication to Atlantic. His leadership was instrumental to the company's growth. We wish him good health and success on his future endeavors.
President and CEO John Wilkes commented "I am thrilled with the prospects of further growth for Atlantic in the booming renewable energy market. I am committed to delivering the same dedication that Mr. Trahan demonstrated throughout his years with Atlantic and I look forward to sharing our progress with stakeholders in the near future. I am impressed by the professionalism that Management has exhibited in recent years. They have provided AWSL with a firm foundation to enhance future growth. I am excited to bring with me some fresh contacts and Business Development opportunities to further drive AWSLs' growth initiative."
About Atlantic Wind and Solar Inc:
Atlantic is a developer of utility scale renewable energy plants with over 650 MW's of projects at various stages of development in Canada, South America and the Caribbean.
To read the full report and/or sign up for news alerts and updates visit the company's web site at: www.AtlanticWindandSolar.com.
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth within this website and these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Nothing within this site is meant to be a solicitation to buy or sell our securities. Investing in over the counter (OTC) securities often carries a high degree of risk. Please contact your financial advisor before investing in our securities.
Atlantic Wind & Solar Inc.
Main: +1 (416) 900-0380
Toll Free: +1 (800) 891-1657
Email: [email protected]
SOURCE Atlantic Wind & Solar, Inc