Ian B. Carter Resigns as a Director of Commerce Energy Group, Inc.
December 08 2005 - 4:45PM
PR Newswire (US)
COSTA MESA, Calif., Dec. 8 /PRNewswire-FirstCall/ -- Commerce
Energy Group, Inc. (AMEX:EGR) (the "Company") announced that, after
serving nearly seven years as a member of the Board of Directors of
the Company and its predecessors, Ian B. Carter tendered his
resignation as a Class III Director on December 7, 2005, effective
on December 9, 2005, in order to pursue other interests including
serving on the Board of Advisors for the Association of Graduates,
a non-profit organization that supports his alma matter, the United
States Military Academy at West Point, New York. Currently, Mr.
Carter is a member of the Finance and Business Opportunities
Committee of the Association. He is also the President-elect of the
West Point Society of Orange County (WPSOC). Speaking on behalf of
the Board, Steven S. Boss, chief executive officer and a member of
the Board stated, "The Company wishes to express its gratitude to
Mr. Carter for his effective leadership during a very challenging
and critical period for the Company. Mr. Carter made numerous
significant contributions to the Company's success, helping it
become one of the largest independent retail energy marketers in
the nation. Among Mr. Carter's accomplishments are his initiative
to list the Company's shares of common stock on the American Stock
Exchange, providing its stockholders with an established trading
market for their shares, and his efforts in successfully settling
disputes with the California Public Utilities Commission and the
Department of Corporations during the early years in the Company's
history. We wish Ian all the best in his future endeavors." In his
letter of resignation, Mr. Carter expressed his thanks to the
following people: "A few very special thanks are in order. I thank
the initial board members, that included Brad Gates, Vivian
Anderson, Junona Jonas, and Bob Perkins. Without question, during
this early period in the Company's history, they placed their
personal integrity and ethics on the line and fought a courageous
battle to provide this Company credibility. Without their efforts,
this Company might not exist today. Equally as important as these
directors is the dedicated, loyal, competent and hard working group
of employees that helped make this Company successful and allowed
us to build the Company into a publicly traded company on the
American Stock Exchange. I am proud to have been affiliated with
them, and I thank them for their efforts. They succeeded where most
others failed, under difficult circumstances in a highly
competitive and volatile environment. I thank the current Board for
completing a process to identify the most qualified management to
move the Company forward for the benefit of all shareholders. Mr.
Boss has been identified as the right person at this time for the
Company and I wholeheartedly support that choice. I thank the
shareholders for the trust and support they have afforded me. It
has been my privilege and honor to serve them. Thank you." About
Commerce Energy Group, Inc. Commerce Energy Group, Inc. (AMEX:EGR)
is a leading U.S. electricity and natural gas marketing company,
operating through its wholly-owned subsidiaries, Commerce Energy,
Inc. and Skipping Stone Inc. Commerce Energy, Inc. is a FERC-
licensed unregulated retail marketer of natural gas and electricity
to homeowners, commercial and industrial consumers and
institutional customers in ten states. Skipping Stone is an energy
consulting firm serving utilities, pipelines, merchant trading and
technology companies. For more information, visit
http://www.commerceenergygroup.com/. DATASOURCE: Commerce Energy
Group, Inc. CONTACT: Investor Relations, Commerce Energy Group,
Inc., +1-800-962-4655, ; or Cecilia Wilkinson, , or Wade Huckabee,
, both of PondelWilkinson Inc., +1-310-279-5980, for Commerce
Energy Group, Inc. Web site: http://www.commerceenergygroup.com/
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