Appointment of Gary Brandt as Chief Financial Officer
TORONTO, Oct. 22 /CNW/ --
HYDROGENICS CORPORATION (TSE: HYG and Nasdaq: HYGS), a designer and
manufacturer of proton exchange membrane (PEM) fuel cell systems, today
announced the appointment of Gary Brandt as Chief Financial Officer.
"Hydrogenics prides itself on depth of experience in its leadership team
and Gary will be a great addition. As well as bringing a solid finance and
public accounting background, Gary has strong ties with Wall Street," said
Pierre Rivard, President and CEO of Hydrogenics. "We realize the importance
of delivering our message to investors with clarity and consistency, and to
this end Gary will be instrumental in developing and expanding our
relationships with analysts and key partners. By establishing Gary in the new
role of Chief Financial Officer, we have bolstered the depth of our senior
management team. We are confident he will provide Hydrogenics with the
financial expertise and leadership to guide our company well into the future."
Mr. Brandt brings over twenty years of financial experience, the past
fifteen years in the telecommunications industry. Brandt's financial career
spans successive employments at Northern Telecom from 1985 to 1994 and MFS
Communications/WorldCom from 1994 to 2000 (MFS acquired by World Com in 1996).
Most recently, Mr. Brandt was Chief Financial Officer with Link Networks in
Louisville, Colorado.
As CFO of Link Networks, a leading provider of VPN solutions, Brandt
drove a major re-structuring to help maximize the financial performance of the
company. Mr. Brandt was instrumental in developing and executing a new
business plan to guide the company through a difficult economic environment.
At WorldCom and MFS Communications, Brandt was involved in a variety of
high profile equity and debt financings as well as several industry
transforming mergers including MFS and UUNET, MFS and WorldCom, and MCI and
WorldCom. At Nortel, Brandt held controllership positions in the sales and
marketing organizations as well as research and development entities within
Nortel. Prior to Nortel, Brandt was an audit senior at the public accounting
firm of Coopers & Lybrand.
Hydrogenics also announced today the departure of Mr. Robert Edwards,
Hydrogenics Vice President of Corporate Development. "We are grateful for
Robert's contribution to Hydrogenics and wish him well in his next endeavor",
said Pierre Rivard. Mr. Edwards joined Hydrogenics in July of 1999, initially
serving as Vice President of Finance and Secretary before adding the role of
Treasurer in July of 2000. Most recently, Mr. Edwards transitioned to the
role of Vice President of Corporate Development in June of 2001. |
