Metals and Mining

Raser Technologies Names New CFO

 

PROVO, Utah (AP) — Raser Technologies Inc. on Tuesday named a new chief financial officer.

John Perry, who starts his new position on March 10, replaces Martin Petersen, who left the company in December for another job.

Perry, 42, comes from mining company Nord Resources Corp., where he rose from treasurer to chief executive officer and president. At Nord, he led the company's initial public offering.

Before Nord, Perry held different positions at BHP Billiton Base Metals and BHP Copper Inc.

Raser, based in Provo, Utah, develops technology for electric car engines and runs a geothermal power plant.

Shares fell 2 cents to $1.03 in midday trading.

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Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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