SAN LEANDRO, Calif.,
Aug. 14, 2018 /PRNewswire/
-- Energy Recovery, Inc. (NASDAQ:ERII), the leader in
pressure energy technology for industrial fluid flows, today
announced the appointment of Mr. Josh
Ballard as Chief Financial Officer, effective August 13, 2018. In this role, Mr. Ballard will
oversee Energy Recovery's finance, IT, and investor relations
organizations as the company continues to cultivate its core water
business and further develop innovative PX® Pressure
Exchanger® technology solutions for new
markets.
Mr. Ballard has more than 20 years of experience and most
recently held the position of Operating Partner at Orox Capital
Management, a Dallas-based private
equity firm. During his time there he was responsible for the
management of and collaboration with portfolio company teams to
implement long-term strategic plans and improve finance and
operations. Additionally, he served as the CFO for Southwest
Spirit and Wines, an Orox Capital portfolio company, during a
critical growth period in the company's development.
Energy Recovery's President and CEO Chris Gannon stated, "Josh brings a strong
finance and operations background which will support us as we scale
our water and oil and gas businesses. He has tremendous experience,
both domestically and internationally, working across industries
within complex organizations to successfully navigate high growth.
I am confident in Josh and his abilities to further enhance our
already outstanding organization."
Mr. Ballard stated, "I am excited to join Energy Recovery during
this pivotal time in its growth. I am aligned with the leadership
team's strategic vision for the future and look forward to being a
part of this dynamic and fast-paced team as we continue to build on
the company's success."
Prior to joining Orox Capital Management, Mr. Ballard was the
Managing Director of Lanterne Advisors, LLC, where he held multiple
CFO roles with venture-backed companies. He also served as
Executive Director of Finance and Investor Relations for
SigmaBleyzer Investment Group, a private equity fund, with
investments across a broad range of industries within the U.S.,
Southeast Europe, and other former
Soviet Union countries. During
this time, he not only managed the domestic and international
operations of SigmaBleyzer, but also Investor Relations functions
for its five funds with nearly $1
billion under management. Mr. Ballard started out his
career working on multiple international oil and gas projects, most
notably with Fluor Corporation.
Mr. Ballard holds a CFA, CMA and a Global MBA in Finance from
Thunderbird, School of Global management.
About Energy Recovery
Energy Recovery, Inc. (ERII) is
an energy solutions provider to industrial fluid flow markets
worldwide. Energy Recovery solutions recycle and convert wasted
pressure energy into a usable asset and preserve pumps that are
subject to hostile processing environments. With award-winning
technology, Energy Recovery simplifies complex industrial systems
while improving productivity, profitability, and efficiency within
the oil & gas, chemical processing, and water industries.
Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the
Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company,
please visit www.energyrecovery.com.
Contact
Investor Relations
ir@energyrecovery.com
(510) 746-2512
View original content with
multimedia:http://www.prnewswire.com/news-releases/energy-recovery-announces-appointment-of-josh-ballard-as-chief-financial-officer-300696599.html
SOURCE Energy Recovery, Inc.