Commerce Energy Names Gregory L. Craig Chief Executive Officer and Chairman of the Board
February 21 2008 - 8:00AM
Business Wire
Commerce Energy (AMEX:EGR), a leading U.S. electricity and natural
gas marketing company, announced today that on February 20, 2008 it
named Gregory L. Craig as its Chief Executive Officer and
designated him �principal executive officer� for all of the
Company�s filings with Securities and Exchange Commission. Craig
succeeds Steven S. Boss who resigned as Chief Executive Officer and
a director of the Company on February 20, 2008. Craig also was
appointed as a Class III director of the Corporation and named
Chairman of the Board of Directors. In his role as Chairman, Craig
succeeds Dennis R. Leibel who remains a member of the Board and
Chair of the Compensation Committee. Craig served as Chief
Executive Officer of Macquaire Cook Energy (formerly Cook Inlet
Energy Supply, LLC), a multi-billion dollar North American energy
supply services company, from November 2005 through March 2007.
From 1992 through November 2005, Craig served as Chief Executive
Officer of Cook Inlet Energy Supply, LLC, a company that he
founded, until it was sold to Macquarie Bank of Sydney, Australia
in November 2005. In 1996, Craig was selected as one of 20 United
States delegates to join President Bill Clinton, Secretary of
Defense Warren Christopher and Secretary of Commerce Mickey Kantor
at the Asian Pacific Economic Conference in Manila, Philippines. In
1997, Craig was appointed by Secretary Pena to the National
Petroleum Council and in that capacity also advised several
subsequent energy secretaries. In 1998, Craig was appointed by
President Bill Clinton to the President�s Export Council as one of
a select group of CEOs who provide recommendations to the President
on United States export issues. He has served as a member of the
Natural Gas Business Development Roundtable at the United States
Department of Energy. Craig received his Bachelor of Administration
degree from the University of Alaska and his Master of Business
Administration (MBA) from the University of California at Los
Angeles. Craig is Chairman of the Board of the Price Center for
Entrepreneurial Studies at the Anderson Graduate School of
Management and also serves on the Board of Junior Achievement of
Southern California and the Board of the Weingart Center. �We are
extremely pleased to announce the appointment of Greg Craig as our
Chief Executive Officer and our Chairman of the Board,� said
Leibel. �We are fortunate to be able to attract Greg at this point
in Commerce Energy�s history. Greg�s experience, contacts and
stellar reputation in the energy industry and financial markets
combine to address the Company�s continuing goal to increase
stockholder value.� Speaking on behalf of the Company�s Board of
Directors, Leibel went on to say, �We thank Steve Boss for his
contributions and service to the Company.� About Commerce Energy
Group, Inc. Commerce Energy Group, Inc. (Commerce) is a leading
independent U.S. electricity and natural gas marketing company,
operating through its wholly-owned subsidiaries Commerce Energy,
Inc. and Skipping Stone Inc. Commerce is publicly traded on the
American Stock Exchange (Amex) under the symbol EGR. Commerce
Energy, Inc. is licensed by the Federal Energy Regulatory
Commission and by state regulatory agencies as an unregulated
retail marketer of natural gas and electricity to homeowners,
commercial and industrial consumers and institutional customers.
Headquartered in Orange County, California, the Company also has an
office in Dallas, Texas, as well as several area offices located
around the U.S. For nearly a decade, customers have relied on
Commerce to deliver competitive pricing, innovative product
offerings and personalized customer service, in addition to quality
gas and electric services. For more information, visit
www.CommerceEnergy.com.
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