Infrastructure and Energy Alternatives, Inc. Announces the Appointment of Theodore H. Bunting to Board of Directors
May 10 2021 - 9:00AM
Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA”
or the “Company”), a leading infrastructure construction company
with renewable energy and specialty civil expertise, today
announced the appointment of Theodore H. Bunting to the Company’s
Board of Directors, effective immediately after the Company’s
annual meeting of shareholders on May 13, 2021. Mr. Bunting will be
designated a Class I director and meets the Nasdaq independence
standards. With Mr. Bunting’s appointment, IEA’s Board of Directors
will be at nine members.
Theodore Bunting is a seasoned power industry
executive who brings strong utility operations experience to IEA.
Prior to his retirement in 2017, he served for five years as the
Group President, Utility Operations, at Entergy Corporation, a
Fortune 500 power company which delivers electricity to three
million customers across the Southern United States. In total, Mr.
Bunting spent 34 years at Entergy with leadership roles including,
but not limited to, Controller, Utility Operations, Chief Financial
Officer for Entergy Arkansas, Mississippi, and New Orleans as well
as System Energy Resources and Chief Accounting Officer for Entergy
Corporation. As Group President, Utility Operations, Mr. Bunting
was responsible for Entergy’s five regulated utilities and reported
to the company’s Chairman and CEO.
In addition to IEA, Mr. Bunting serves on the
board of directors of Unum Group, a leading provider of disability
income protection worldwide, The Hanover Insurance Group, a holding
company for several property and casualty insurance companies that
together constitute one of the largest insurance businesses in the
US, and is the Chair of the Audit Committee for NiSource, Inc., a
public utility company with $4.7 billion in revenue for full year
2020. Mr. Bunting holds a BA in Economics and Business from Hendrix
College in Arkansas and attended the US Naval Academy from 1977 to
1979. He is a Certified Public Accountant.
“We are very pleased to welcome Theo to our
Board of Directors,” said Derek Glanvill, IEA’s Chairman of the
Board. “He is a qualified financial expert with deep utility
industry expertise. A seasoned public company director, Theo will
bring exceptional industry, client and operational wisdom to IEA.
We look forward to working together.”
“I am honored to join IEA’s Board of Directors,”
commented Bunting. “IEA has established itself as a leader in the
renewable and specialty civil end markets, and I look forward to
sharing my expertise with the board and management team to support
the company’s continued growth and progress.”
About IEA
Infrastructure and Energy Alternatives, Inc. is
a leading infrastructure construction company with renewable energy
and specialty civil expertise. Headquartered in Indianapolis,
Indiana, with operations throughout the country, IEA’s service
offering spans the entire construction process. The Company offers
a full spectrum of delivery models including full engineering,
procurement, and construction, turnkey, design-build, balance of
plant, and subcontracting services. IEA is one of the larger
providers in the renewable energy industry and has completed more
than 240 utility scale wind and solar projects across North
America. In the heavy civil space, IEA offers a number of specialty
services including environmental remediation, industrial
maintenance, specialty transportation infrastructure and other site
development for public and private projects. For more information,
please visit IEA’s website at www.iea.net or follow IEA on
Facebook, LinkedIn and Twitter for the latest company news and
events.
Forward Looking Statements
This release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The use of words such as “anticipate,” “expect,” “could,”
“may,” “intend,” “plan” and “believe,” among others, generally
identify forward-looking statements. These forward-looking
statements are based on currently available operating, financial,
economic and other information, and are subject to a number of
risks and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual future events or results. A variety of
factors, many of which are beyond our control, could cause actual
future results or events to differ materially from those projected
in the forward-looking statements in this release. For a full
description of the risks and uncertainties which could cause actual
results to differ from our forward-looking statements, please refer
to IEA’s periodic filings with the Securities & Exchange
Commission including those described as “Risk Factors” in IEA’s
annual report on Form 10-K filed on March 8, 2021 and any quarterly
reports on Form 10-Q filed thereafter. IEA does not undertake any
obligation to update forward-looking statements whether as a result
of new information, future events or otherwise, except as may be
required under applicable securities laws.
Contact:
Kimberly Esterkin |
|
ADDO Investor Relations |
|
iea@addo.com |
|
310-829-5400 |
|
Infrastructure and Energ... (NASDAQ:IEA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Infrastructure and Energ... (NASDAQ:IEA)
Historical Stock Chart
From Apr 2023 to Apr 2024