Western Wind Announces Transition of Board of Directors and Management
VANCOUVER, British Columbia, March 1, 2013
VANCOUVER, British Columbia, March 1, 2013 /PRNewswire/ --
TSX.V Symbol: " WND" OTCQX Symbol: "WNDEF" Issued and Outstanding: 71,127,175
Western Wind Energy Corp. -- (the " Company " or " Western Wind ") (TSX
Venture Exchange -- "WND") (OTCQX -- "WNDEF")today announced a change in Board
of Directors and Senior Management, following the take up by Brookfield
Renewable Energy Partners (" Brookfield Renewable ") representing 59% of the
shares held by shareholders independent of Brookfield Renewable pursuant to
its all-cash offer to acquire all of the common shares of Western Wind. As the
controlling shareholder of Western Wind, Brookfield Renewable has agreed with
the Board of Directors to an orderly transition to a new slate of Directors
and changes in Senior Management. Therefore, each member of the board of
directors of the company has resigned and the following nominees have been
Effective immediately the board of directors of Western Wind is composed of
the following individuals:
*Edward C. Kress (Chairman, Independent) - Mr. Kress is a corporate
director and is a chartered accountant. He has over 30 years of management
experience with the Brookfield group of companies.
*O. Allan Kupcis (Independent) - Dr. Kupcis is the Past-Chairman of the
Canadian Nuclear Association and was President of Ontario Hydro from 1995
to 1997 and its COO from 1993-1995.
*Harry Goldgut - Mr. Goldgut is a Senior Managing Partner of Brookfield
Asset Management Inc. and Chairman of its power and utilities platform.
*Jeff Rosenthal - Mr. Rosenthal is the Chief Operating Officer of
*Saul Shulman (Independent) - Mr. Shulman is the Chief Executive Officer of
MLG Management Inc., a member of the Investment Committee of Tricon
Capital Group Inc. and a director of a number of other companies.
The newly appointed board of directors of Western Wind has replaced the
existing management of Western Wind. The following individuals have been
appointed as officers of Western Wind:
*Jeff Rosenthal (Chief Executive Officer) - Mr. Rosenthal is the Chief
Operating Officer of Brookfield Renewable. He joined Brookfield in 2007 to
oversee the management of transmission and distribution assets in North
America He has a vast experience in leading the strategic initiatives that
foster development activities, in addition to supporting mergers and
acquisition opportunities for generation and transmission. In his roles
within Brookfield, he has been responsible for ensuring al operations and
development activities are conducted with the utmost importance placed and
Health, Safety and the Environment. Previously, Mr. Rosenthal was
President and Chief Executive Officer of Oshawa Power and Utilities. Mr.
Rosenthal is a Professional Engineer and has a Masters of Business
Administration from the Schulich School of Business at York University.
He was previously Chair of the Board of the Ontario Energy Association.
*Lee Butler (Chief Financial Officer) - Mr. Butler has been holding
senior financial executive positions for the last 25 years. He obtained
his CMA (Certified Management Accountants) designation in 1987 and
graduated from the University of Ottawa with a Bachelor of Commerce
(Honors) and a Bachelor in Administration.
*Walter Di Cesare (Corporate Secretary and Vice President, Legal) - Walter
Di Cesare has over 25 years' experience in corporate, commercial and
governance law matters. Prior to his role as Vice President legal
services, Mr. Di Cesare was a senior counsel for the Federal Department of
Justice from March 2004 to March 2008 and in private practice as a
commercial law partner with Borden Ladner Gervais LLP from 1987 until
2004. Mr. Di Cesare has Bachelor of Commerce degree from Carleton
University and a Bachelor of Law degree from the University of Ottawa.
ABOUT WESTERN WIND ENERGY CORP.
Western Wind is a vertically integrated renewable energy production company
that owns and operates wind and solar generation facilities with 165 net MW of
rated capacity in production, in the States of California and Arizona. Western
Wind further owns substantial development assets for both solar and wind
energy in the U.S. The Company is headquartered in Vancouver, BC and has
branch offices in Scottsdale, Arizona and Tehachapi, California. Western Wind
trades on the TSX Venture Exchange under the symbol "WND", and in the United
States on the OTCQX under the symbol "WNDEF".
The Company owns and operates three wind energy generation facilities in
California, and one fully integrated combined wind and solar energy generation
facility in Arizona. The three operating wind generation facilities in
California are comprised of the 120MW Windstar, the 4.5MW Windridge facilities
in Tehachapi, and the 30MW Mesa wind generation facility near Palm Springs.
The facility in Arizona is the Company's 10.5MW Kingman integrated solar and
wind facility. The Company is further developing wind and solar energy
projects in California, Arizona, and Puerto Rico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information: Jeff Rosenthal Chief Executive Officer
email@example.com Tel: +1-604-685-9463
Western Wind Investor Relations Contact: Vanessa Pilotte Investor Relations
E-mail: firstname.lastname@example.org Tel: +1-877-470-3601
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