TORONTO, Apr. 24, 2015 /PRNewswire/ -- Atlantic Wind
& Solar, Inc. (OTC: AWSL) is pleased to announce the
appointment of Mr. John S. Wilkes as
President and Chief Executive Officer. Mr. Wilkes will
oversee the implementation of the AWSLs' South Asian expansion and
seek to further elevate AWSL as an international presence in the
renewable energy market.
Mr. John S. Wilkes, M.B.A.,
C.P.A., C.A. (53)
Mr. Wilkes earned his C.A. designation with Price Waterhouse in
Toronto, Canada. Upon
obtaining his designation Mr Wilkes worked in Private Industry for
a brief period of time before joining Coopers & Lybrand in
Toronto, Canada. While there
Mr. Wilkes focused on Mergers and Acquisitions. In the early '90's
Mr. Wilkes joined a junior investment bank Pagun Capital
Corporation where he spent most of his time evaluating
environmental technologies. Since 2005, Mr. Wilkes has been
an Independent Investment Management Professional, making private
investments in both private and public companies that, for the most
part, have their core business in the environmental
space.
Mr. Wilkes has lived and worked in Asia and, over the years, has developed a vast
network in this region.
Mr. Gilles Trahan
The appointment follows the resignation of Mr. Gilles A. Trahan, Chairman and CEO. Mr.
Trahan stepped in as interim CEO in 2011 and successfully turn
Atlantic around, back to its roots as a lean, nimble development
company. Following record and rising losses and seemingly
troubled times for the company and still no sales and $2.7 million in losses Mr. Trahan was tasked with
a immediate turn around to ensure a future for its
stakeholders.
During his tenor as interim CEO, Mr. Trahan worked closely with
management cutting losses and building the sales pipeline.
Atlantic's project pipeline expanded exponentially, spanning 3
continents. During this time, delivering triple digit growth
3 years running and firmly planting the company in
profitability.
Commenting on the appointment and resignation, Mr. Trahan stated
"while it is with a heavy heart I announce my resignation, I knew
this was a short term assignment. As I stated to the board
upon my appointment, upon me successfully turning this company
around I will be seeking a successor. With the company now
profitable, a very bright future and with securing the right
successor the time is now". Adding further.., "I am confident
with Mr. Wilkes experience and pedigree that he is the right choice
to lead Atlantic to much greater heights. I would also like
to express my sincere gratitude to all the employees and management
and our shareholders for their continued support over the past few
years. With a vested interest in continued success, I too
will add my support to the company as it embarks on its next stage
of evolution".
The Board of Directors welcomes Mr. Wilkes and looks forward to
working with him to continue Atlantic's expansion globally.
The Board would also like to express its sincere gratitude to Mr.
Trahan for his commitment and dedication to Atlantic. His
leadership was instrumental to the company's growth. We wish
him good health and success on his future endeavors.
President and CEO John Wilkes
commented "I am thrilled with the prospects of further growth for
Atlantic in the booming renewable energy market. I am
committed to delivering the same dedication that Mr. Trahan
demonstrated throughout his years with Atlantic and I look forward
to sharing our progress with stakeholders in the near future.
I am impressed by the professionalism that Management has exhibited
in recent years. They have provided AWSL with a firm
foundation to enhance future growth. I am excited to bring
with me some fresh contacts and Business Development opportunities
to further drive AWSLs' growth initiative."
About Atlantic Wind and Solar Inc:
Atlantic is a developer of utility scale renewable energy plants
with over 650 MW's of projects at various stages of development in
Canada, South America and the Caribbean.
To read the full report and/or sign up for news alerts and
updates visit the company's web site at:
www.AtlanticWindandSolar.com.
Disclaimer: Shareholders and investors are strongly cautioned
against placing undue reliance on information set forth within this
website and these communications in making any investment decisions
concerning our securities. The matters set forth in this press
release are forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially. These risks are detailed from time to time in the
Company's periodic reports filed with the OTCMarkets.com including
the company's Annual Report, Quarterly Reports and other periodic
filings. These forward-looking statements speak only as of the date
hereof. The Company disclaims any intent or obligation to update
these forward-looking statements. Nothing within this site is meant
to be a solicitation to buy or sell our securities. Investing in
over the counter (OTC) securities often carries a high degree of
risk. Please contact your financial advisor before investing in our
securities.
Atlantic Wind & Solar Inc.
Main: +1 (416) 900-0380
Toll Free: +1 (800) 891-1657
Email: info@atlanticwindandsolar.com
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SOURCE Atlantic Wind & Solar, Inc