WorldWater & Power Expands Senior Management Team; Appointment of James Farrin as Interim CEO Announced WorldWater & Power Corp. (OTC BB:WWAT), developer and marketer of proprietary high-power solar systems, today announced that, effective immediately, James S. Farrin is named interim chief executive officer. Quentin T. Kelly, chairman and previously CEO, will continue in the role of chairman with a focus on corporate strategy, business development, and capital markets activity. Given WorldWater's growing backlog and increasing demand in the marketplace, the addition of a separate, dedicated CEO will allow for improved operational execution. Mr. Farrin served as president and chief operating officer of WorldWater & Power from 1999 through 2001, when the company was in an R&D phase, and is currently a management consultant to the company. WorldWater & Power has also begun a nationwide search for a permanent CEO and president.
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Quentin T. Kelly, chairman of WorldWater & Power, commented, "Jim knows the company well from his prior experience and can immediately have an impact on all operational aspects of the organization. Given that WorldWater has grown so rapidly in the past year, we need a seasoned corporate executive like Jim to manage the business effectively and execute on major milestones. In addition to his thorough understanding of WorldWater & Power from his time with the company, Jim has the decision-making and leadership skills, the creativity and the entrepreneurial spirit needed to achieve our objectives this year. We see great opportunities ahead for WorldWater & Power and believe that, to make the most of the favorable industry dynamics, we need to have an executive solely focused on running our operations and establishing our leadership position within the renewable energy industry."
James S. Farrin:
James S. Farrin, currently a management consultant, was president and chief operating officer of WorldWater & Power from 1999-2001. Mr. Farrin is also a former president of the Mennen Company's International Division and managed the L'Oreal joint venture. He also held senior positions with Shulton, Chesebrough Ponds, and Colgate Palmolive. He is a graduate of Princeton University with an MBA from Stanford University, was a member of the faculty of the American Management Association (AMA), and has advised numerous companies on restructuring activities.
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