Global Thermoelectric Announces Board and Executive Appointments
TSE Stock Symbol: GLE
Web site: www.globalte.com
CALGARY, Aug. 13 /CNW/ - Global Thermoelectric Inc. ("Global") today
announced the appointment of Peter Garrett to the Board of Directors, in
addition to his previously announced promotion to President and CEO.
As part of a reorganization of the technology and engineering functions
within Global, Dr. Brian Borglum has been appointed to the position of Vice
President, and Chief Technology Officer.
In his new role Dr. Borglum will assume responsibility for Advanced
Materials and Stack Technology development. Brian holds a Doctor of Philosophy
in Ceramic Engineering and has 14 years experience with the research and
development of solid oxide fuel cells and semiconductor devices. He has been
with Global as the Director of Advanced Materials since July of 2001 and
previously held a variety of progressively more senior leadership roles with
Siemens Westinghouse, a major fuel cell developer.
In related organizational changes, Global today announced the appointment
of Mr. Eric Neary as Vice President of Engineering. Mr. Neary will be
responsible for the development of fuel cell system components and
technologies as well as System Testing and Field Trial operations. Mr. Neary
has 21 years of leadership experience in managing engineering, system test,
field trial and customer service operations in a variety of engineering and
fuel cell development organizations. Eric has been with Global since March of
2002 as the Director of Engineering and previously worked with Ballard Power
Systems, a major fuel cell developer.
These organization changes coincide with the resignation of Dr. Dave
Ghosh to pursue other opportunities effective August 31, 2002.
"I would like to thank Dave for his contributions in helping develop the
Global fuel cell technology program and organization over the past four
years," stated Mr. Peter Garrett, Global's President and CEO. "Our company is
well positioned to move forward with commercialization of this revolutionary
technology. We have tremendous depth in our scientific and engineering teams
with experts on our team from all over the world. Brian and Eric have both
demonstrated outstanding technology leadership abilities, and I have great
confidence in their ability to lead this talented team to commercial success."
Global Thermoelectric Inc. is a world leader in the development of SOFC
products. The Company is also the world's largest manufacturer and distributor
of thermoelectric power generators for use in remote locations. Global is
developing fuel cell products that are compatible with natural gas and
propane. The Company is currently prototyping systems to address residential
and remote applications. Global is listed on The Toronto Stock Exchange (stock
symbol: GLE).
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For further information: please visit our web site at www.globalte.com
or contact Peter Garrett, President & CEO or Paul Crilly, VP Finance and CFO
at (403) 204-6100;
To request a free copy of this organization's annual report, please go to
newswire.ca and click on reports@cnw.
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