In a release of yesterday, “Western GeoPower Corp., a renewable energy company, today announced the resignation of Kenneth MacLeod as President, CEO and a Director of the company effective immediately. Daryl Clark has been named President & CEO on an interim basis, also effective immediately.

The changeover reflects the expected completion of the previously disclosed business combination between Western GeoPower and two other geothermal companies, resulting in a more broadly diversified entity under the leadership of Hezy Ram and the Ram Power management team.

“Ken’s leadership of Western GeoPower since its launch in 2001 has been a significant contributor to the company’s ongoing success. He was instrumental in creating a strategic vision and implementing a plan to make Western GeoPower an important geothermal developer in North America,” said Daryl Clark, Chairman of Western GeoPower. “On behalf of the Board of Directors, we wish him the very best in his future endeavors.”

“I have enjoyed the opportunity to lead Western GeoPower for over seven years”, said Mr. Macleod. “We have assembled a strong technical team and are well positioned to transition from a stand alone development stage company to become part of a larger, well capitalized company through the proposed business combination. The new company will have a broad and diversified pipeline of projects ranging from operating to near term operating and early stage development. I am confident that the Board will realize the full potential of the merged company.”

Source: Company announcement