Energy Recovery (ERII) Defended at B.Riley/FBR

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Energy Recovery (ERII) Says Chris Gannon Appointed Interim President and CEO; Joel Gay Resigns

February 27, 2018 9:05 AM EST

The Board of Directors of Energy Recovery (NASDAQ: ERII) announced today the resignation of President and Chief Executive Officer Joel Gay. The Board has accepted Mr. Gay's resignation and appointed current Chief Financial Officer Chris Gannon as interim President and Chief Executive Officer effective immediately. Mr. Gay submitted his resignation to the Board on Saturday, February 24th, 2018, citing the need to attend to personal family matters.

HP Michelet, Chairman of the Board of Directors, expressed strong support for Chris Gannon's appointment and commented on Mr. Gay's years of leadership at the... More