(Source: Business Wire)
PowerSecure International, Inc. (Nasdaq: POWR) today announced the promotions of Ronnie Brannen to President of the Company's UtilityServices business unit, and Brian Kisner to President of its NexGear® business unit. Both business units are components of the Company's Smart Grid Solutions segment, and have been major drivers of the Company's growth and success. Mr. Brannen and Mr. Kisner's promotions reflect the strong leadership and focus on the customer that both executives demonstrated as they grew these businesses into major contributors to the Company's overall revenue and profit. They also reflect the Company's on-going commitment to invest in these business areas due to their strong prospects for future growth. In fact, year-over-year growth during the last twelve months ended March, 2009 for the UtilityServices and NexGear units was 34% and 22%, respectively.
Sidney Hinton, CEO of PowerSecure, said, "We are very pleased to announce the promotion of Ronnie and Brian. In a very short time, they have built businesses with terrific reputations in the marketplace for delivering unmatched quality and service. Their efforts are major contributors to our diversification success, as the business they are building are broadening our customer and utility relationships and our revenue base. They both instinctively use a common sense approach to business and bring our clients solutions that simplify complex problems -- and they deliver higher value products and services as a result. However, the absolute key to the competitive advantages and strong positive reputations our UtilityServices and NexGear businesses have earned in the marketplace is the quality and dedication of the teams Ronnie and Brian have built. Great people want to work with great leaders, and Ronnie and Brian are the best in the business."
Mr. Brannen joined PowerSecure in mid-2007 after a twenty-three year career with Georgia Power, a subsidiary of the Southern Company. At Georgia Power, Mr. Brannen was a key account executive and held a variety of positions of increasing responsibility in the electrical distribution area, ultimately leading business development activities for the customer-owned electrical distribution system market. Mr. Kisner joined PowerSecure in 2003 after twelve years with Eaton Corporation, where he held a variety of operational and sales positions in Eaton's electrical switchgear businesses, including leading two successful start-up ventures at Eaton for custom switchgear and electrical components.
