Green Mountain Energy Company Appoints Richard J. Post as Chief Financial Officer
New CFO Brings Over 15 years of Financial Management and Investment Banking
Experience to Company
Apr 12, 2001, 01:00 ET from Green Mountain Energy Company
AUSTIN, Texas, April 12 /PRNewswire/ -- Green Mountain Energy Company, the leading provider of cleaner and renewable electricity, announced today that it has named Richard J. Post as Chief Financial Officer. In this position, Post will manage finance, accounting, planning and analysis, and capital markets functions for the Company. He will report to Green Mountain Energy Company's Chief Executive Officer, Dennis Kelly. (Photo: http://www.newscom.com/cgi-bin/prnh/20000804/GMELOGO ) Post brings an impressive combination of financial management and investment banking experience to Green Mountain Energy Company. Most recently he was at Telemate.Net Software, an Atlanta, Georgia based network usage management software company, where he served as Senior Vice President-Finance and Operations, Chief Financial Officer, Secretary and Treasurer. While at Telemate.Net, Post led the company through significant growth culminating in a successful IPO in 1999. Prior to Telemate.Net, Post was the lead financial executive for rapidly growing MedCath Incorporated, a Charlotte, North Carolina based cardiovascular services company. During his tenure MedCath increased revenue nearly 500%. Previously, Post spent ten years as a senior investment banker at firms such as Price Waterhouse LLP, Ernst & Young LLP, Bear, Stearns & Co. Inc, and The First Boston Corporation. Post holds a MBA from Harvard with a concentration in Finance and Control, and a BA in English and Philosophy from University of Notre Dame. "Rick is joining Green Mountain Energy Company during a period of rapid expansion," said Dennis Kelly, Green Mountain Energy CEO. "His valuable strategic experience and years of financial leadership will help us continue our pattern of exponential growth in the retail electricity market." Post added, "I joined Green Mountain Energy Company because of the significant market opportunity that exists for green power and the tremendous depth of experience within the Green Mountain Energy Company management team. I look forward to further extending the Company's leadership position." About Green Mountain Energy Company Green Mountain is the largest retailer of environmentally preferred energy generated from wind, solar, hydro and natural gas sources. The Austin, Texas- based company provides residential customers in Texas, Connecticut, California, Pennsylvania and New Jersey with electricity - marketed under the Green Mountain EnergySM brand - that is dramatically cleaner than typical regional system power. Green Mountain also holds the nation's largest energy aggregation contract for more than 400,000 customers in Ohio. Green Mountain EnergySM customer demand has helped build a number of new renewable generation facilities, including one of the largest wind farms on the East Coast in Garrett, PA and one of the largest solar facilities in Northern California. For more information on the company's efforts to change the way power is made, customers are encouraged to visit www.greenmountain.com or send an email to thefolks@greenmountain.com. NOTE: Photo available on request.
SOURCE Green Mountain Energy Company
AUSTIN, Texas, April 12 /PRNewswire/ -- Green Mountain Energy Company, the leading provider of cleaner and renewable electricity, announced today that it has named Richard J. Post as Chief Financial Officer. In this position, Post will manage finance, accounting, planning and analysis, and capital markets functions for the Company. He will report to Green Mountain Energy Company's Chief Executive Officer, Dennis Kelly. (Photo: http://www.newscom.com/cgi-bin/prnh/20000804/GMELOGO ) Post brings an impressive combination of financial management and investment banking experience to Green Mountain Energy Company. Most recently he was at Telemate.Net Software, an Atlanta, Georgia based network usage management software company, where he served as Senior Vice President-Finance and Operations, Chief Financial Officer, Secretary and Treasurer. While at Telemate.Net, Post led the company through significant growth culminating in a successful IPO in 1999. Prior to Telemate.Net, Post was the lead financial executive for rapidly growing MedCath Incorporated, a Charlotte, North Carolina based cardiovascular services company. During his tenure MedCath increased revenue nearly 500%. Previously, Post spent ten years as a senior investment banker at firms such as Price Waterhouse LLP, Ernst & Young LLP, Bear, Stearns & Co. Inc, and The First Boston Corporation. Post holds a MBA from Harvard with a concentration in Finance and Control, and a BA in English and Philosophy from University of Notre Dame. "Rick is joining Green Mountain Energy Company during a period of rapid expansion," said Dennis Kelly, Green Mountain Energy CEO. "His valuable strategic experience and years of financial leadership will help us continue our pattern of exponential growth in the retail electricity market." Post added, "I joined Green Mountain Energy Company because of the significant market opportunity that exists for green power and the tremendous depth of experience within the Green Mountain Energy Company management team. I look forward to further extending the Company's leadership position." About Green Mountain Energy Company Green Mountain is the largest retailer of environmentally preferred energy generated from wind, solar, hydro and natural gas sources. The Austin, Texas- based company provides residential customers in Texas, Connecticut, California, Pennsylvania and New Jersey with electricity - marketed under the Green Mountain EnergySM brand - that is dramatically cleaner than typical regional system power. Green Mountain also holds the nation's largest energy aggregation contract for more than 400,000 customers in Ohio. Green Mountain EnergySM customer demand has helped build a number of new renewable generation facilities, including one of the largest wind farms on the East Coast in Garrett, PA and one of the largest solar facilities in Northern California. For more information on the company's efforts to change the way power is made, customers are encouraged to visit www.greenmountain.com or send an email to thefolks@greenmountain.com. NOTE: Photo available on request. SOURCE Green Mountain Energy Company
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