Lime Energy Board Makes Change at Chief Executive Officer
HUNTERSVILLE, N.C. -- November 26, 2013
Lime Energy Co. (NASDAQ:LIME), the nation’s leading provider of energy
efficiency for small businesses, announced today that on November 25, 2013,
its Board of Directors (the “Board”) terminated the employment of John
O’Rourke, the Company’s Chief Executive Officer and simultaneously promoted
Adam Procell to be Chief Executive Officer. Prior to his promotion, Mr.
Procell was the Company’s President and Chief Operating Officer. Mr. O’Rourke
remains a director of the Company and a nominee for re-election to the Board
at the Annual Meeting of Stockholders to be held on December 3, 2013.
Until his appointment as President and Chief Operating Officer of the Company
in September 2013, Mr. Procell, age 45, was Divisional President and Vice
President of Sales and Marketing of the Company. Prior to joining the Company
in April 2009, Mr. Procell served as the National Director of Energy
Efficiency & Carbon Management for AECOM Technology Corporation (NYSE:ACM).
About Lime Energy Co.
Lime Energy is building a new energy future. As a leading national provider of
energy efficiency for small business customers, Lime designs and implements
direct install programs for our utility clients which consistently exceed
program savings goals. Our award-winning, integrated services programs provide
utilities with reliable energy efficiency resources while delivering the
highest levels of customer satisfaction. This next generation approach is
helping utilities across the country to go deeper and broader with the
cheapest, cleanest and fastest energy resource that we have – energy
This news release includes forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995 including statements that reflect Lime Energy's current expectations
about its future results, performance, prospects and opportunities. Lime
Energy has tried to identify these forward-looking statements by using words
and phrases such as "may," "expects," "anticipates," "believes," “hope,”
"intends," "estimates," "plan," "should," "typical," "preliminary," or similar
expressions. These forward-looking statements are based on information
currently available to Lime Energy and are subject to a number of risks,
uncertainties and other factors that could cause Lime Energy's actual results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward- looking statements. These risks
include those described in Lime Energy's most recent Annual Report on Form
10-K or as may be described from time to time in Lime Energy's subsequent SEC
filings; such factors are incorporated here by reference.
Lime Energy Co.
Karen Pigg, 704-892-4442
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