Principal Solar Names Acclaimed Bus. Executive Jeff Heller, Former Vice Chairman of Electronic Data Systems, Inc., to Board o...
July 31 2013 - 10:30AM
Business Wire
Principal Solar, Inc (PSI; OTC
Pink: PSWW), a publicly
traded solar energy holding company executing a unique roll-up
strategy to create the world's first distributed solar utility,
today announces the appointment of Jeff Heller, former vice
chairman of Electronic Data Systems, Inc. (EDS), to its Board of
Directors. Heller was instrumental in helping generate historic
growth for EDS with his visionary restructuring and revitalization
strategies.
“We’re confident that Jeff’s extraordinary brand of
leadership and track record, for not only helping build EDS in its
early days, but also restoring it to greatness in recent years,
will play a significant role in the continued growth of PSI,” says
Michael Gorton, CEO and chairman of PSI. “Our business success
revolves around the caliber of our Board of Directors, the quality
of our business plan, and access to the highest levels of
experience and expertise in the country.”
Heller’s distinguished career began in the U.S. Marine
Corps as a pilot. He served in Vietnam in the mid 1960’s and
attained the rank of captain. Shortly thereafter, he joined the EDS
Systems Engineering Development Program, the largest outsourcing
and data processing services organization in the country.
He assisted the explosive growth of EDS’ healthcare business
as an implementation specialist, and was named regional manager of
EDS’ healthcare business in the Eastern U.S. in 1973.
In 1974, Heller was appointed corporate vice president,
with responsibility for technology planning, support and the EDS
Service Corporation. In 1979 he headed the newly formed Technical
Services Group, and in 1983 was elected to the EDS board of
directors. He led the integration of General Motors and EDS
information technology organizations and assets following General
Motors' acquisition of EDS in 1984. In 1987 he was named a senior
vice president and became president and chief operating officer in
1996.
Heller retired in 2002 and was asked by the EDS Board to
return as president and chief operating officer in 2003. In 2006,
he was named vice chairman and retired in 2008.
Heller states, “Drawing on my years of experience, I look
forward to advancing PSI’s first-in-the-industry acquisition
strategy. We expect to propel solar into the
mainstream, ensuring that advanced solar technologies deliver more
efficient and less costly power.”
About Principal Solar
Principal Solar, Inc (PSI; OTC Pink: PSWW), is a publicly traded
solar energy holding company executing a unique roll-up strategy to
create the world's first distributed solar utility. PSI
concentrates its resources on the acquisition, finance, development
and management of solar power companies. The Principal Solar
Institute, an educational organization created by Principal Solar,
Inc., is dedicated to spreading solar knowledge to the critical
stakeholders in the ongoing energy debate. Visit
www.PrincipalSolar.com.
Cautionary Statement Regarding Forward-Looking
Statements
Statements in this press release that are not statements
of historical or current fact constitute "forward-looking
statements." Such forward-looking statements involve
known and unknown risks, uncertainties and other unknown factors in
the solar energy generating industry (market risk, government
regulation, operational risks, etc.) that could cause the Company's
actual operating results to be materially different from any
historical results or from any future results expressed or implied
by such forward-looking statements. In addition to
statements that explicitly describe these risks and uncertainties,
readers are urged to consider statements that contain terms such as
"believes," "belief," "expects," "expect," "intends," "intend,"
"anticipate," "anticipates," "plans," "plan," to be uncertain and
forward-looking. The Company does not assume a duty to
update these forward-looking statements, except as required by
law.
CPR for Principal Solar, Inc.Alexis Lignos,
201-641-1911 x 52ALignos@cpronline.com
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