ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. (NASDAQ: WLDN), a provider of professional technical
and consulting services, today announced the retirement of John M. Toups
from the Company's Board of Directors and the appointments of Vice
Admiral Dennis V. McGinn, USN, Retired, and Curtis S. Probst to the
Company's Board of Directors, all effective March 16, 2017. As a result
of these changes, Willdan's Board of Directors will expand to nine
members total, eight of whom will be independent.
"We would like to extend our sincere appreciation to John Toups for a
decade of insight and contribution on Willdan's Board," said Tom
Brisbin, Willdan's Chairman and CEO. "We are excited to welcome two
esteemed new directors in Dennis McGinn and Curtis Probst. Each is a
nationally recognized expert in the electric energy marketplace. We look
forward to their input and guidance as we continue to pursue the
significant growth opportunities we see in the electric energy services
Vice Admiral Dennis V. McGinn, Ret., Biography:
Vice Admiral Dennis V. McGinn, Ret., served as Assistant Secretary of
the Navy for Energy, Installations and Environment from September 2013
until January 2017. In this role, Vice Admiral McGinn, Ret., led the
transformation of naval installations toward greater resiliency though
energy efficiency, microgrids, and other technologies.
Previously, Vice Admiral McGinn, Ret., served in the United States Navy
for 35 years attaining the rank of Vice Admiral. Vice Admiral McGinn,
Ret., served as Deputy Chief of Naval Operations for Warfare
Requirements and Programs, overseeing the development of future Navy
capabilities, and previously commanded the United States Third Fleet.
While in the Navy, he served as a naval aviator, test pilot, aircraft
carrier commanding officer, and national security strategist.
Vice Admiral McGinn, Ret., is a former President of the American Council
on Renewable Energy (ACORE) where he led efforts to communicate the
economic, security and environmental benefits of renewable energy. Vice
Admiral McGinn, Ret., is also a past member of the Steering Committee of
the Energy Future Coalition, the United States Energy Security Council,
the Bipartisan Center Energy Board, the past Co-Chairman of the CNA
Military Advisory Board, and has been an International Senior Fellow at
the Rocky Mountain Institute.
Vice Admiral McGinn, Ret., holds a BS in Naval Engineering from the U.S.
Naval Academy. Vice Admiral McGinn, Ret., was also a participant in the
National Security Program at Harvard University's Kennedy School of
Curtis S. Probst Biography:
Curtis S. Probst has served as Managing Director and Head of Sustainable
Finance for the Rocky Mountain Institute since June 2014. As one of the
Institute's senior leaders, Mr. Probst develops strategies to increase
availability and lower the cost of capital for key energy initiatives.
Mr. Probst also serves as an Adjunct Lecturer with the Earth Institute,
Previously, Mr. Probst was a Managing Director and Vice President at
Goldman Sachs where he managed teams that executed project financing,
advisory, asset acquisition, and capital-raising assignments for
corporate and governmental clients. Prior to that, Mr. Probst worked
with Salomon Brothers as Vice President of the Structured and Project
Finance Group, which led origination and execution of financing and
Mr. Probst holds an MPA from Columbia University's School of
International and Public Affairs as well as a Bachelors of Commerce from
the University of Calgary. He is also a Certified Financial Analyst.
Lead Director and Board Committees
In addition, Willdan has appointed Keith Renken as Lead Director and has
changed the makeup of its Board Committees, effective March 16, 2017, as
Audit Committee: Douglas J. McEachern (Chairman), Curtis S. Probst,
Keith W. Renken, and Win Westfall
Nominating and Governance Committee: Mohammad Shahidehpour (Chairman),
Steven A. Cohen and Win Westfall
Compensation Committee: Raymond W. Holdsworth (Chairman), Douglas J.
McEachern and Mohammad Shahidehpour
Strategy, Mergers and Acquisitions Committee: Steven A Cohen
(Chairman), Raymond W. Holdsworth, Dennis V. McGinn, Curtis S. Probst
and Mohammad Shahidehpour
Willdan provides professional consulting and technical services to
utilities, public agencies and private industry throughout the United
States. Willdan's service offerings span a broad set of complementary
disciplines that include energy efficiency and sustainability,
engineering and planning, financial and economic consulting, and
national preparedness. Willdan provides integrated technical solutions
to extend the reach and resources of its clients, and provides all
services through its subsidiaries specialized in each segment. For
additional information, visit Willdan's website at www.willdan.com.
Statements in this press release that are not purely historical,
including statements regarding Willdan's intentions, hopes, beliefs,
expectations, representations, projections, estimates, plans or
predictions of the future are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve risks and uncertainties including,
but not limited to, the risk that a director may not be able to complete
his full term of service. Willdan's business could be affected by a
number of other factors, including the risk factors listed from time to
time in Willdan's SEC reports including, but not limited to, the Annual
Report on Form 10-K filed for the year ended January 1, 2016. Willdan
cautions investors not to place undue reliance on the forward-looking
statements contained in this press release. Willdan disclaims any
obligation to, and does not undertake to, update or revise any
forward-looking statements in this press release.
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