Western GeoPower announces appointment of new director

Alexander Richter 28 May 2009

Western GeoPower announces the appointment of a new director for the company. Gudmundur F. Sigurjonsson, who will replace Ásgeir Margeirsson of Geysir Green Energy.

“An Iceland-based professional engineer, Sigurjonsson has an extensive background in project engineering and management. His general and international experience in project execution and project control includes work in Iceland, Denmark, New Zealand and the Philippines. His core competences include cost engineering, feasibility assessments and business modeling.

Sigurjonsson is the principal of FnF Limited, a management consulting business. Through FnF, Sigurjonsson is an advisor to Geysir Green Energy, a global leader in the development of, and investment in, geothermal power. Through FnF, Sigurjonsson is also the chief executive of Envent Holding Philippines, a joint venture between Geysir Green Energy and Reykjavik Energy Invest. Envent was established to develop renewable energy projects in the Philippines.

Sigurjonsson graduated from the University of Iceland with a Bachelor of Science degree in chemistry and earned his masters of engineering from the Technical University of Denmark.

Kenneth MacLeod, the company’s president and CEO, said: “We are grateful for Margeirsson’s contributions in the past, and look forward to working with Sigurjonsson whose experience and background will be an asset as the corporation moves forward. This appointment will strengthen the company’s relationship with our largest shareholder Geysir Green Energy and with the geothermal industry in Iceland.”

Source: Company Announcement