Blue Earth (BBLU) Reports Q2 Loss of $0.08/Share

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Blue Earth (BBLU) CEO Thomas Resigns; Will Become EnSite Power CEO

August 17, 2015 4:08 PM EDT

Blue Earth (NASDAQ: BBLU) announced that CEO Johnny R. Thomas has resigned effective September 1, 2015 as CEO/director of BBLU to become the CEO/director of EnSite Power, Inc. ("EnSite"), a subsidiary of the Company, which is expected to be spun out to shareholders and taken public. The BBLU Board of Directors has named G. Robert Powell as the CEO/director of Blue Earth effective September 1, 2015.

These personnel changes are being made as part of the strategy to focus BBLU as a power generation company operating BE Combined Heat & Power, BE... More