×

EnerNOC Appoints William Sorenson Chief Financial Officer; Neil Moses to Retire in 2017

BOSTON, June 23, 2016 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS) and demand response solutions, announced today that William Sorenson has been appointed Chief Financial Officer of the Company, reporting to Chairman and Chief Executive Officer, Tim Healy. Sorenson will succeed Neil Moses, the Company’s Chief Operating Officer and Chief Financial Officer, who plans to retire in early 2017.

“Bill’s impressive track record of finance leadership at several highly successful software companies will be a tremendous asset as we continue to transform our business, and we’re thrilled to welcome him to the team,” said Healy. “Neil has been a terrific partner over the last three years, providing leadership and expertise that has contributed to our successes and positioned us well for the future. We are grateful for his many contributions to EnerNOC and wish him well in retirement.”

Sorenson will join the Company in August at which point Moses will transition to a special advisor role until his retirement in early 2017.

“EnerNOC’s momentum in the burgeoning EIS category and global leadership in demand response are compelling, and I’m excited to join the Company at such an important point in its evolution,” said Sorenson. “I look forward to working with the team to enhance the business as adoption of EIS and demand response solutions continues to grow worldwide.”

Sorenson has more than 25 years of financial management experience, most recently serving as Chief Financial Officer of Acquia, a web content management platform provider. Prior to Acquia, Sorenson served as Chief Financial Officer of Qlik Technologies, a provider of business intelligence and analytics software. Earlier in his career, Sorenson held senior leadership positions at News Corporation, EMI Music Publishing, Bertelsmann AG and Acclaim Entertainment.

About EnerNOC

EnerNOC is a leading provider of energy intelligence software (EIS) and demand response solutions. With capabilities to better address budgets and procurement, utility bill management, facility analysis and optimization, sustainability and reporting, project tracking, and demand management, EnerNOC's SaaS platform helps enterprises control energy costs, mitigate risk, and streamline compliance and sustainability reporting. EnerNOC also offers access to more demand response programs worldwide than any other provider, offering enterprises a valuable payment stream to further enhance bottom line results and utilities and grid operators a reliable, cost-effective demand-side resource. For more information, visit www.enernoc.com.

Safe Harbor Statement

Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the future growth and success of the Company’s energy intelligence software, and the benefits that customers may derive from technology updates or enhancements to that software, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section “Risk Factors” in EnerNOC’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company’s actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

EnerNOC Media Relations: Sarah McAuley 617.532.8195 news@enernoc.com EnerNOC Investor Relations: Christopher Sands 617.692.2569 ir@enernoc.com

Source:EnerNOC, Inc.