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Industry: Email Alert RSS FeedIntermix Founder, Former California State Controller Join Akeena Solar Advisory Board
Energy Resource, March 28, 2007
ENERGY RESOURCE-28 March 2007-Intermix Founder, Former California State Controller Join Akeena Solar Advisory Board(C)2007 JeraOne - http://www.jeraone.com
Akeena Solar Inc., a designer and installer of solar power systems, has formed an advisory board with the appointment of Joe Abrams, consultant, and Steve Westly, CEO and founder of The Westly Group.Abrams specializes in working with small technology companies to build shareholder value in the public markets, and has completed merger and acquisition transactions in excess of $1 billion and small cap market equity raises in excess of $200 million. Abrams co-founded Intermix in 1998, the predecessor company to MySpace, which was sold to News Corp. in 2005 for $580 million.
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In 1983, Abrams co-founded The Software Toolworks Inc., a publicly held developer, publisher, and distributor of educational and entertainment software, which was sold to Pearson Plc. in 1994 for $462 million.
Westly, founder of The Westly Group, which helps entrepreneurs build clean technology companies, previously served as controller and chief fiscal officer of the state of California.
As controller, he chaired the State Lands Commission and served on 63 other boards and commissions, including CalPERS and CalSTRS, the nation's two largest public pension funds. He also led an effort to commit more than $1 billion to clean technology investments.
Westly began his career in Washington, D.C., where he worked first on Capitol Hill and later in the Office of Conservation and Solar at the U.S. Department of Energy. Westly then returned to California to become special assistant to the president of the California Public Utilities Commission. While there, he published two books on alternative energy and the utilities.
"We are privileged to have such experienced and highly esteemed individuals on our advisory board," said Barry Cinnamon, CEO of Akeena. "Steve will be a tremendous asset as we work to grow our business and take advantage of the explosive growth in the solar industry. His relationships and in depth knowledge of the clean tech industry will aid in the expansion of our business and penetration of new territories. Joe has been an Akeena supporter since our founding, providing solid operational and financial guidance."
Founded in 2001, Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit www.akeena.net.
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