EcoSecurities Group plc
14 September 2007
PRESS RELEASE
EcoSecurities Appoints New Chief Operating Officer
Dublin, 14th Sept, 2007: EcoSecurities, a leading company in the business of
sourcing, developing and trading carbon credits from greenhouse gas emission
reduction projects, announces the appointment of Adrian Fernando as Chief
Operating Officer ("COO") with effect from 1 October 2007.
Adrian Fernando, 45, has over seventeen years of experience in the energy
sector, and for the last four years held the board level position of Business
Development Director for Star Energy plc, an AIM quoted midstream and upstream
oil and gas business. At Star Energy, Adrian was responsible for the development
of a gas storage business, including negotiation of long term off-take
agreements, resolving regulatory issues and setting up commercial operations.
Prior to joining Star, he spent almost 12 years at Amerada Hess Limited where he
held several positions, culminating in the position of Deputy Managing Director
of Amerada Energy Marketing and Trading. Mr Fernando began his career as an
Economic Advisor for the United Nations in Central America.
As EcoSecurities' COO, Adrian will be focusing on developing and improving
organisational systems and processes globally, with specific emphasis on the
core activities of Origination and Implementation of carbon credits for the
Group.
The appointment of Adrian Fernando will enable Pedro Moura Costa, current
President and COO of EcoSecurities, to concentrate on his primary role as
President, with an increased focus on strategic developments related to the
growth plans of the Group.
Adrian Fernando said: "I am delighted to be joining EcoSecurities, one of the
leading companies in the carbon market. It is my intention to work with the
senior management team to support EcoSecurities growth plans, developing the
necessary organisational capabilities which will be needed to take full
advantage of the rapidly emerging opportunities in this exciting growth market."
Pedro Moura Costa, President, commented "With the Group's expansion plans firmly
on track I believe that it is now the right time for me to split my roles and
focus primarily on seeking out acquisitions and project investments in line with
our growth strategy. Adrian has excellent credentials for the COO role and his
appointment to the EcoSecurities board will further strengthen our senior team
and help ensure we retain our position as one of the leading companies in the
carbon market."
-Ends-
Appendix
The following information on Adrian Fernando is provided in relation to the AIM
Rules Schedule 2 paragraph (g).
Full name and age including any previous names: Adrian Fernando, 45 years old
Past Directorships at 14 September 2007:
Ashford Telecommunications Limited (03980646) (Dissolved)
Bath Telecommunications Limited (03980565) (Dissolved)
Berkshire Telecommunications Limited (03980678) (Dissolved)
Buckinghamshire Telecommunications Limited (03980668) (Dissolved)
Canterbury Telecommunications Limited (03980621) (Dissolved)
Fernando Associates Limited (04417684) (Dissolved)
Folkstone Telecommunications Limited (03980556) (Dissolved)
Guildford Telecommunications Limited (03980631) (Dissolved)
Hampshire Telecommunications Limited (03980661) (Dissolved)
Hertfordshire Telecommunications Limited (03980674) (Dissolved)
Maidstone Telecommunications Limited (03980651) (Dissolved)
Oxford Telecommunications Limited (03980685) (Dissolved)
Reading Telecommunications Limited (03980517) (Dissolved)
Reigate Telecommunications Limited (03980610) (Dissolved)
Sevenoaks Telecommunications Limited (03980638) (Dissolved)
Txu Europe (Ah Telecoms) Limited (03980599) (Dissolved)
Winchester Telecommunications Limited (03980584) (Dissolved)
St James Flats Management Limited (01518095)
Star Energy (East Midlands) Limited (03966330)
Star Energy Gas Storage Services Limited (05210198)
Star Energy Group Plc (05054503)
Star Energy Hg Gas Storage Limited (04689011)
Star Energy Limited (03806814)
Star Energy UK Onshore Limited (01021095)
Txu Europe (Ah Online) Limited (03364798)
Txu Europe (Ahg) Limited (02630844)
Txu Europe (Ahgd) Limited (03076057)
Txu Europe (Ahst) Limited (03568459)
Western Gas Limited (02677708)
Hess Finance Limited (04060353)
Midlands Gas Limited (03364919)
Powergen Retail Gas (Eastern) Limited (04060387)
For further information please contact:
EcoSecurities Group plc
Rachel Mountain, Global Marketing Manager +44 (0) 1865 202 635
Citigate Dewe Rogerson +44 (0) 20 7638 9571
Kevin Smith / Ged Brumby
Editor's Notes:
About EcoSecurities:
EcoSecurities is one of the world's leading companies in the business of
originating, developing and trading carbon credits. EcoSecurities structures and
guides greenhouse gas emission reduction projects through the Kyoto Protocol,
working with both project developers and buyers of carbon credits.
EcoSecurities works with companies in developing and industrialising countries
to create carbon credits from projects that reduce emissions of greenhouse
gases. EcoSecurities has experience with projects in the areas of renewable
energy, agriculture and urban waste management, industrial efficiency, and
forestry. With a network of offices and representatives in 36 countries on five
continents, EcoSecurities has amassed one of the industry's largest and most
diversified portfolios of carbon projects.
EcoSecurities also works with companies in the developed world to assist them in
meeting their greenhouse gas emission compliance targets. Utilising its highly
diversified carbon credit portfolio, EcoSecurities is able to structure carbon
credit transactions to fit compliance buyers' needs, and has executed
transactions with both private and public sector buyers in Europe, North America
and Japan.
Working at the forefront of carbon market development, EcoSecurities has been
involved in the development of many of the global carbon market's most important
milestones, including developing the world's first CDM project to be registered
under the Kyoto Protocol. EcoSecurities' consultancy division has been at the
forefront of significant policy and scientific developments in this field.
EcoSecurities has been recognised as the world's leading greenhouse gas advisory
firm over the last five years by reader surveys conducted by Environmental
Finance Magazine.
EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO).
Additional information is available at www.EcoSecurities.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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