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Greenearth Energy announces new managing director

Greenearth Energy booth at the Australian Geothermal Conference 2009 (source: flickr/ ThinkGeoEnergy, creative commons)
Alexander Richter 4 Jul 2012

To refresh its board and management, Australian Greenearth Energy has appointed Samual Marks as its new managing director, replacing Mark Miller who will remain on the board of the company.

In news from this week it is reported that Australian geothermal development company “Greenearth Energy (ASX: GER) has refreshed its board and management as it moves into a new phase of its development into a diversified renewable energy company.

The company has appointed Samuel Marks as its new managing director, replacing Mark Miller who will become one of the company’s directors.

It has also appointed hotelier Leslie Erdi as a director of the company, replacing Robert King who resigned.

Marks has over 16 years of global commercial experience across accounting, consulting, corporate finance, and corporate roles.

Prior to founding the Toroso Group in 2009, he served 7 years with General Electric in Australia and the United States and was responsible for leading and executing projects across the U.S., UK, Europe, Australia, China and Hong Kong.

In 2010, Marks merged Toroso with Main Street Capital, where he executed corporate advisory & management consulting mandates across various sectors.

He most recently spent 10 months as the interim chief financial officer and company secretary of MIKOH Corporation (ASX: MIK) where he was responsible for restructuring the business through a cost reduction program, the sale of two non-performing subsidiaries and various rounds of equity fund raising on and off market.

Erdi owns and manages eight hotels in Victoria, New South Wales and Queensland and has being involved in a number of high profile community projects ranging from street widening and city streetscape design to sporting and aged care facility design and development.

Greenearth chairman Rob Annells thanked Miller and King for their contributions.

Miller had served as the company’s managing director since September 2008 and drove its transition from a single focus geothermal exploration and development entity to a diversified renewable energy company with interests in domestic conventional geothermal projects.”

Source: Proactive Investors