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Econergy Intl. Plc (ECG)

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Thursday 18 September, 2008

Econergy Intl. Plc

Directorate Change

RNS Number : 7702D
Econergy International Plc
18 September 2008

18 September 2008

For Immediate Release 

Econergy International PLC

Director Resignation

Econergy International PLC ('Econergy International' or 'the Company') today announces that Mr. Lee Atkins has resigned as a Director and Chief Financial Officer of the Company effective 17 September 2008. 

Ms. Elisabeth Castro has been appointed as the Group's Chief Financial Officer with immediate effect. There is no current intention for Ms. Castro to join the Board.

Ms. Castro joined Econergy International in 2006 as Controller and has over 20 years of financial and operational experience with multi-million dollar manufacturing companies at the corporate and divisional levels.  At Econergy International Ms. Castro oversees all of the domestic and foreign accounting departments, the external audit, taxation requirements, treasury and risk management.  Her areas of expertise include restructuring divisions, implementing audits and developing processes and controls for finance departments.  She has an M.S. and BBA in Accountancy from the University of Houston and is also a CPA.

The Board would like to thank Mr. Atkins for his contribution to Econergy International.

Econergy International is currently subject to an offer from SESA BidCo Ltd (BidCo), a subsidiary of Suez Energy South America Participaçaões Ltda.   As of 29 July 2008 Bidco announced it had received acceptances in respect to approximately 94.4% of Econergy International's shares and the offer declared unconditional as to acceptances but still conditional as to certain Brazilian consents. 


Econergy International PLC                        

Tom Stoner                                                                  Tel: + 303.473.9007

Piper Jaffray Ltd.                

Michael Covington / Amer Khan                        Tel: +44 (0) 20 3142 8700

Pelham Public Relations                         

Chelsea Hayes                                                            Tel: +44 (0)20 7743 6675 

Archie Berens                                                            Tel: +44 (0)20 7743 6679

This information is provided by RNS
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