LOUISVILLE, Colo., March 21, 2014 (GLOBE NEWSWIRE) -- RGS Energy (Nasdaq:RGSE), a nationwide leader of turnkey solar energy solutions for residential, commercial and utility customers, has appointed Dennis Lacey to the new position of senior vice president of finance. He will be responsible for implementing and managing the company's residential lease financing program.
"We welcome Dennis' deep knowledge and executive experience in public and private equipment lease finance companies," said Kam Mofid, RGS Energy's CEO. "He is an ideal executive for developing our residential solar leasing program having been the CEO of a publicly traded leasing company and having started the leasing division for a NYSE listed bank."
Lacey brings to RGS Energy more than 25 years of executive financial management experience. He previously held executive financial positions at Imperial Bancorp, a $6 billion publicly traded commercial bank known for its high-tech lending practice before it was acquired by Comerica. At Imperial Bancorp, he served as executive vice president and CFO, president of the SBA Division, and president of the Equipment Leasing Division. Prior to Imperial Bancorp, he served as president and CEO of Capital Associates, a publicly-traded equipment leasing company.
Lacey also previously served as CFO of multi-billion dollar publicly-traded companies, TeleTech and CKE Restaurants, as well as head of capital markets for a private investment firm engaged in aircraft leasing and other alternative asset investment and management. Earlier in his career, Lacey was an audit partner at Coopers & Lybrand.
Lacey commented: "I am excited to join RGS Energy and lead the development of our in-house leasing program for residential solar. This new financing capability will augment our already strong relationships with third-party financiers, allowing us to accelerate growth while benefiting from the long-term ownership of the solar assets we originate and deploy. We will continue to also offer cash sales and loan options as we do today to ensure we always can meet the specific economic objectives of our customers."
About RGS Energy
RGS Energy (Nasdaq:RGSE) is one of the nation's pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold to the public in the U.S. in 1978, the company has installed more than 19,000 solar power systems representing well over 170 megawatts of 100% clean renewable energy. RGS Energy makes it very convenient for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. As one of the nation's largest and most experienced solar power players, the company has 17 offices across the West and the Northeast. For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/rgsenergy and on Twitter at www.twitter.com/rgsenergy. RGS Energy is a trade name and RGS Energy makes filings with the Securities and Exchange Commission under its official name "Real Goods Solar, Inc."
Cautionary Statement Regarding Forward-Looking Statements
This communication includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While RGS Energy believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, RGS Energy's ability to successfully develop and manage a residential lease financing program, introduction of new products and services, completion and integration of acquisitions, possibility of negative economic conditions and other risks and uncertainties included in RGS Energy's filings with the Securities and Exchange Commission. RGS Energy assumes no duty to update any forward-looking statements.
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Source: RGS Energy