April 24, 2015 -Toronto, Canada - 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 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 turned Atlantic around, back to its roots as a lean, nimble development company. Following record and rising losses and seemingly troubled times for the company, still no sales and $2.7 million in losses, Mr. Trahan was tasked with an immediate turnaround to ensure a future for its stakeholders.
During his tenure as interim CEO, Mr. Trahan worked closely with management cutting losses and building the sales pipeline. Atlantic’s project pipeline expanded exponentially, spanning three continents during this time, delivering triple digit growth three 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, and with a very bright future ahead, the time to secure the right successor is now”. He added further: “I am confident that with Mr. Wilkes’ experience and pedigree 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 prospect 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 on which to build 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.
For stock quotes, charts and our financial filings and reports visit: http://www.otcmarkets.com/stock/AWSL/quote
SOURCE: Atlantic Wind & Solar Inc.
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