Commerce Energy Group, Inc. Appoints New Chairman of the Board of Directors
May 12 2005 - 5:00PM
PR Newswire (US)
Commerce Energy Group, Inc. Appoints New Chairman of the Board of
Directors COSTA MESA, Calif., May 12 /PRNewswire-FirstCall/ --
Commerce Energy Group, Inc. (AMEX:EGR), a leading independent U.S.
electricity and natural gas marketing company, announced today that
Ian B. Carter has stepped down as Chairman of the Board of
Directors and Robert C. Perkins has been appointed Chairman of the
Board effective May 6, 2005. Mr. Perkins, one of the Company's
independent directors, has served as a director of the Company
since December 2003, and served as a director of Commonwealth
Energy Corporation, the Company's predecessor, since 1999. Mr.
Perkins is a member of the Compensation Committee and the
Nominating and Corporate Governance Committee of the Board. He also
serves as Chairman of the Audit Committee. Mr. Perkins has served
as Chairman and Chief Executive Officer of Hospital Management
Services, a provider of financial and management consulting
services to hospitals and similar institutions, since June 1969.
Mr. Carter has served as Chairman since January 2000. Mr. Carter
stepped down to allow time to pursue other business opportunities.
In a letter to the Board, Mr. Carter expressed his thanks to the
directors, employees and shareholders of the Company for the
opportunity to have been able to serve them as Chairman. Mr. Carter
will remain on the Board of Directors. About Commerce Energy Group,
Inc. Commerce Energy Group, Inc. (AMEX:EGR) is a holding company
doing business through its three wholly-owned operating
subsidiaries, Commerce Energy, Inc., Skipping Stone Inc. and
Utilihost, Inc. Commerce Energy is a FERC licensed unregulated
retail marketer of natural gas and electricity to homeowners,
commercial and industrial consumers, and institutional customers in
9 states. Skipping Stone is an energy consulting firm serving
utilities, pipelines, merchant trading and technology companies.
Utilihost provides outsourced energy transaction and data
management services for municipalities, government facilities,
power generators and energy merchant customers. For more
information, visit http://www.commerceenergygroup.com/. DATASOURCE:
Commerce Energy Group, Inc. CONTACT: investor relations, Verna Ray
of Commerce Energy Group, Inc., +1-714-259-2500, Web site:
http://www.commerceenergygroup.com/
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