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On September 28, 2006, Mr. Richard Anthony Dennis was elected to the Board of Directors of the Company. Mr. Richard Dennis is a Chartered Engineer with 26 years of experience in the Energy industry, and has been employed with Mitsui Babcock Energy Ltd. since June 1995 in various different capacities. Mr. Dennis is presently and has been a Director of Research and Development for Mitsui Babcock Energy Ltd. since December 2002, where he is responsible for product development, and all investments into new technologies and R&D. Mr. Dennis has also been a Director of Business Development for Mitsui Babcock since November 2001 to present. Mr. Dennis first came on board Mitsui Babcock as General Manager of Engineering in June 1995. From July 1999 to November 2001, Mr. Dennis was a Project Director of IT System Implementation and then a Director of PR and Corporate Communications from March 2003 to December 2004. Mr. Dennis has spent his early career in various engineering roles predominately in the design and supply of environmental equipment for boilers used for electricity generation. Prior to his employment with Mitsui Babcock, Mr. Dennis was responsible for all engineering associated with the building of new coal and gas fired boiler power plants. Mr. Dennis has a degree in engineering from Leeds University and an MBA from Cranfield Business School.
Mr. Dennis was appointed to the Board of Directors pursuant to a Memorandum of Understanding (MOU) between the Company and Mitsui Babcock Energy Limited which agrees to the appointment of Mr. Richard Dennis to the Board of Directors of the Company upon a formal agreement being executed. The formal agreement has not yet been executed; however, the Board of Directors of the Company has accepted the consent to act and appointed Mr. Richard Dennis to the Board of Directors at a meeting of the Board of Directors held on September 28, 2006.
Mr. Richard Dennis has been appointed to serve on the audit committee of the Company | 