EnerNOC Promotes CFO Neil Moses to Chief Operating Officer & Chief Financial Officer
BOSTON, April 14, 2014 (GLOBE NEWSWIRE)—EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), today announced that Chief Financial Officer Neil Moses has been appointed Chief Operating Officer. Moses currently oversees domestic operations, and under this new role, will assume additional responsibility for certain international operations, including the operations of EnTech, which recently entered into an agreement to be acquired by EnerNOC. Oliver Dowson, EnTech's Chief Executive Officer, will report to Moses. With the recent acquisitions and the closing of EnTech, EnerNOC will have over 1,000 employees, 30% of whom are located outside of the United States.
Since 2010, EnerNOC has dramatically expanded its global footprint and is now operational in over a dozen countries. EnerNOC President and Co-Founder David Brewster will continue to lead the Company's domestic and international market development efforts, in addition to overseeing EnerNOC's global regulatory affairs function, while Moses will assume responsibility for the day-to-day operations of business operations in EnerNOC's established markets.
"Since joining EnerNOC as CFO a year ago, Neil has proven himself to be an exceptional financial and operational leader. With the recent acquisitions of EnTech, Entelios, and Activation Energy, as well as the establishment of our joint venture in Japan, EnerNOC's global presence has rapidly expanded and the Company has successfully and dramatically diversified. Neil has the proven track record and global experience to help ensure that as we scale, we continue to do so efficiently," said Tim Healy, EnerNOC Chairman and CEO.
Moses has nearly 30 years of experience in financial operations and management in the retail and technology sectors, including seven years at PTC, which he joined in 2003 as Executive Vice President and Chief Financial Officer. During his time at PTC, Moses played an integral role in the company's international expansion activity, and by the end of his tenure, two-thirds of the company's revenue was generated outside of the United States. Following PTC, Moses served as Dunkin' Brands' Chief Financial Officer and led the company's successful initial public offering in 2011. In this role, Moses ran the Baskin-Robbins international business, and was responsible for Dunkin' Brands' domestic and international supply chain operations for both Dunkin' Donuts and Baskin-Robbins.
EnerNOC (Nasdaq:ENOC) is a leading provider of energy intelligence software (EIS). Thousands of enterprises worldwide use EnerNOC applications and professional services to bring new clarity to how they buy energy, how much they consume, and when they use it to drive operational efficiency, improve productivity, and manage energy expenses. EnerNOC's suite of EIS applications for the enterprise include: SupplySMART™, energy supply and utility bill management applications; EfficiencySMART™, energy consumption and energy project management applications; and DemandSMART™, demand response and demand management applications. Hundreds of utilities and grid operators worldwide rely on EnerNOC applications to meet demand-side management objectives, enhance grid reliability, and provide cost-effective alternatives to traditional power supply resources. EnerNOC's applications for utilities include EnerNOC Demand Resource™, a capacity-based agreement that provides utilities an assured level of load reduction delivered by EnerNOC on a turnkey, fully outsourced basis, and EnerNOC Demand Manager™, software-as-a-service (SaaS) that provides utilities and retailers with the tools to manage their demand response programs. EnerNOC'sNetwork Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
Safe Harbor Statement
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the incorporation of the acquisition, the ability of the acquisition to deliver value to its utility and C&I customers, and the potential impact of the acquisition on EnerNOC's financial statements, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.