|By Marketwired .||
|February 26, 2014 07:00 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 02/26/14 -- Just Energy Group, Inc. (TSX: JE) (NYSE: JE), a competitive retailer of electricity and natural gas, today announce that Chief Executive Officer Ken Hartwick has submitted his resignation from the Company to be effective April 1, 2014 to pursue personal interests. The Company announced that the Board of Directors has appointed Deborah Merril, Just Energy's current Executive Vice President, Commercial, and James Lewis, Just Energy's current Chief Operating Officer, as Co-Chief Executive Officers effective on Mr. Hartwick's resignation.
Rebecca MacDonald, the Company's Executive Chair commented, "Ken Hartwick has been an important part of Just Energy and our executive management team for a decade and we wish him well in his future endeavors. Given Ken's decision, the Board determined that this transition provides an opportunity to bring our experienced Executive Vice Presidents to the top of Just Energy's leadership structure. There is no better tandem to lead our dynamic organization into its next phase as Deb and Jay bring to their new leadership roles extensive industry experience and a thorough knowledge of how Just Energy operates. Jay and Deb have worked together for 16 years and during their tenure at the Company, have demonstrated unique, complimentary capabilities that will provide the balanced leadership we are seeking to take our organization forward as we move to expand our leadership position in North America. Our new co-CEOs are committed to maintaining our growth profile and continuing to focus on our bundling strategy, while also working to further reduce the payout ratio over time to support the income our shareholders expect to receive. As Executive Chair, I intend to fully support Deb and Jay and provide the resources needed to execute our unified strategic vision for our Company."
Chief Executive Officer Ken Hartwick, commented, "After ten years at Just Energy, I have resigned for personal reasons. I take comfort in my decision as the Company is in tremendous financial and operational condition, recently delivering our ninth consecutive quarter of over 300,000 customer additions, achieving a record level customer base, and demonstrating significant progress toward accomplishing our financial targets for 2014 and beyond." Mr. Hartwick added, "I look forward to our fourth quarter and meeting our guidance for the year, after which my resignation will be effective. I fully intend to be a resource to Deb and Jay over the foreseeable future. Deb and Jay have served as key components of our management team as we have grown our U.S. market presence and I have the utmost confidence in their leadership abilities to lead the Company into its next phase of development. I want to thank the Board and our entire staff for the opportunity to have led the organization through periods of significant growth and transition. I look forward to closely following Just Energy's continued success."
Deborah Merril Background
Deb Merril joined Just Energy in 2008 and most recently served as President of the Hudson Energy Commercial Division, a position held since the acquisition of Hudson in 2010. In this role, she is responsible for the fast growing commercial business in the United States, Canada and the U.K. Ms. Merril has 18 years of energy marketing experience. She graduated from the College of Wooster and received a Masters of Business Administration from Texas A&M.
James Lewis Background
Jay Lewis joined Just Energy in 2008 and most recently served as Chief Operating Officer, a position held since 2011. In this role, Mr. Lewis was responsible for administrative operations including supply, call center operations and the Consumer Division. Mr. Lewis brings 17 years of experience in the energy marketing industry and has held various positions of increasing responsibility across the company's operational function including Senior Vice President of Operations and Retention, Vice President of Retail Consolidated Billing Markets and Vice President, Texas Operations. He is a graduate of Stevens Institute of Technology and has a Masters of Business Administration from the New York University.
Just Energy Group Inc.
Established in 1997, Just Energy is primarily a competitive retailer of natural gas and electricity. With offices located across the United States, Canada and, commencing in July 2012, the United Kingdom, Just Energy serves close to 2 million residential and commercial customers through a wide range of energy programs and home comfort services, including fixed-price or price-protected energy program contracts, the rental of water heaters, furnaces and air conditioners and the installation of solar panels. The Company's JustGreen® products provide consumers with the ability to help them reduce the environmental impact of their everyday energy use. Just Energy is the parent to Amigo Energy, Commerce Energy, Hudson Energy, Hudson Energy Solar, National Home Services, Momentis and Tara Energy.
This press release may contain forward-looking statements including statements pertaining to factors that could cause actual results or events to differ materially from current expectations include, among other things, risk relating to global political uncertainties, unanticipated events impacting the working capital of the Company, changes in customer revenues and margins, customer additions and renewals, customer attrition, customer consumption levels, general and administrative expenses, dividends, distributable cash and treatment under governmental regulatory regimes and changes in securities markets. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, levels of customer natural gas and electricity consumption, rates of customer additions and renewals, rates of customer attrition, fluctuations in natural gas and electricity prices, changes in regulatory regimes and decisions by regulatory authorities, competition and dependence on certain suppliers. Additional information on these and other factors that could affect Just Energy's operations, financial results or dividend levels are included in Just Energy's annual information form and other reports on file with Canadian securities regulatory authorities which can be accessed through the SEDAR website at www.sedar.com, on the U.S. Securities Exchange Commission's website at www.sec.gov or through Just Energy's website at www.justenergygroup.com .
Neither the Toronto Stock Exchange or the New York Stock Exchange has approved nor disapproved of the information contained herein.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @Things...
Feb. 27, 2015 10:30 AM EST Reads: 2,258
SYS-CON Media announced that IBM, which offers the world’s deepest portfolio of technologies and expertise that are transforming the future of work, has launched ad campaigns on SYS-CON’s numerous online magazines such as Cloud Computing Journal, Virtualization Journal, SOA World Magazine, and IoT Journal. IBM’s campaigns focus on vendors in the technology marketplace, the future of testing, Big Data and analytics, and mobile platforms.
Feb. 27, 2015 10:15 AM EST Reads: 687
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data th...
Feb. 27, 2015 10:15 AM EST Reads: 642
There has been a lot of discussion recently in the DevOps space over whether there is a unique form of DevOps for large enterprises or is it just vendors looking to sell services and tools. In his session at DevOps Summit, Chris Riley, a technologist, discussed whether Enterprise DevOps is a unique species or not. What makes DevOps adoption in the enterprise unique or what doesn’t? Unique or not, what does this mean for adopting DevOps in enterprise size organizations? He also explored differe...
Feb. 27, 2015 10:00 AM EST Reads: 2,229
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 27, 2015 10:00 AM EST Reads: 3,112
NaviSite, Inc., a Time Warner Cable company, has opened a new enterprise-class data center located in Santa Clara, California. The new data center will enable NaviSite to meet growing demands for its enterprise-class Cloud and Managed Services from existing and new customers. This facility, which is owned by data center solution provider Digital Realty, will join NaviSite’s fabric of nine existing data centers across the U.S. and U.K., all of which are designed to provide a resilient, secure, hi...
Feb. 27, 2015 10:00 AM EST Reads: 734
SYS-CON Events announced today that Intelligent Systems Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-cri...
Feb. 27, 2015 10:00 AM EST Reads: 1,037
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add sc...
Feb. 27, 2015 10:00 AM EST Reads: 4,518
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Feb. 27, 2015 10:00 AM EST Reads: 3,850
Data-intensive companies that strive to gain insights from data using Big Data analytics tools can gain tremendous competitive advantage by deploying data-centric storage. Organizations generate large volumes of data, the vast majority of which is unstructured. As the volume and velocity of this unstructured data increases, the costs, risks and usability challenges associated with managing the unstructured data (regardless of file type, size or device) increases simultaneously, including end-to-...
Feb. 27, 2015 09:45 AM EST Reads: 1,843
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
Feb. 27, 2015 09:45 AM EST Reads: 2,133
The excitement around the possibilities enabled by Big Data is being tempered by the daunting task of feeding the analytics engines with high quality data on a continuous basis. As the once distinct fields of data integration and data management increasingly converge, cloud-based data solutions providers have emerged that can buffer your organization from the complexities of this continuous data cleansing and management so that you’re free to focus on the end goal: actionable insight.
Feb. 27, 2015 09:30 AM EST Reads: 1,539
The truth is, today’s databases are anything but agile – they are effectively static repositories that are cumbersome to work with, difficult to change, and cannot keep pace with application demands. Performance suffers as a result, and it takes far longer than it should to deliver new features and capabilities needed to make your organization competitive. As your application and business needs change, data repositories and structures get outmoded rapidly, resulting in increased work for applica...
Feb. 27, 2015 09:30 AM EST Reads: 1,269
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Feb. 27, 2015 09:15 AM EST Reads: 1,110
With several hundred implementations of IoT-enabled solutions in the past 12 months alone, this session will focus on experience over the art of the possible. Many can only imagine the most advanced telematics platform ever deployed, supporting millions of customers, producing tens of thousands events or GBs per trip, and hundreds of TBs per month. With the ability to support a billion sensor events per second, over 30PB of warm data for analytics, and hundreds of PBs for an data analytics arc...
Feb. 27, 2015 09:00 AM EST Reads: 1,124