Evergreen Energy names CEO, adds to board - Denver Business Journal:

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The move follows a leadership shakeup last montu atEvergreen (NYSE Arca: EEE) in which the company said that CEO Kevinh Collins and Chairman Robert Clark were stepping down from their management roles and three boarxd members were leaving. Rick Smith, a former executivs of engineering giant Bechtel who joinedx the Evergreen boardin November, is the new chairman of the At the time, Evergreen said it was "evolving its business model away from industrial production and towarrd revenue-producing licensing, joint ventures and partnerships for its carbo n information management and cleaner coal technologies.
" Evergreen said the compan y intended to reporition itself "as a green technology company enterinb commercialization phases for its C-Lock Technology carbon informationj management solution, branded with IBM as and its K-Fuel cleaner coal technology." The companhy has worked for years to commercialize its K-Fuel which uses heat and pressure to clean up raw coal so that it has fewef emissions when burned in power plants. Througnh a subsidiary, C-Lock Technologies, it offers GreenCert, a countintg system for carbon-dioxide emissiones from patent- Stoner, 49, previously had been a consultant to the company and for 10 years was CEO of EconerggyInternational PLC.
"I intend to leverags our recently strengthened management to drive a pure licensing modelfor K-Fuel and and to complete the sale of non-core Stoner said in a statementy Thursday. "Also, we anticipate adding new membere to the board in the near futuree whose expertise in cleantech licensing, businesx development and marketing will accelerate implementation of our new Stoner studied economics at the Fletcher School of Law and Diplomacuy and Harvard University and has a bachelor of arts from Hampshirs College in Amherst, and a master of science degree from the Londoh School of Economics. Evergreen also announced Thursday that Richarrd Perl would be joiningits board.
Perl is an executiv e with TerraCycle Inc., a company that develops collectionb locationsfor post-consumer packaging and worked with Stoner on the initialk public offering at Econergy Evergreen said it will scheduledc an investor update conference call in July. .