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Cirque Energy, Inc. (OTC:EWRL), a global leader in the development of sustainable energy solutions focused on distributed generation projects and waste stream optimization, today announced the appointment of David W. Morgan as Chief Financial Officer effective July 1, 2014. Mr. Morgan is a veteran of the technology industry with extensive experience as a CFO. Roger Silverthorn, the Company’s current CFO, is assuming the newly-created position of Vice President of Business Development and will assist Mr. Morgan in the transition as well as focus on the Company’s various strategic activities. Mr. Morgan will report to Joseph L. DuRant, Cirque’s President, Chairman, and Chief Executive Officer.
“I am very excited to be joining the exceptional leadership team at Cirque” said Mr. Morgan. “In addition to overseeing the accounting and financial functions at the Company, I look forward to working with Joe DuRant to expand Cirque’s visibility in the marketplace, with a focus on developing relationships with institutional investors and the analyst community, and to evaluate, structure and execute new capital formation opportunities to drive shareholder value. I am thrilled to play a part in Cirque’s dedication to strategic growth and its commitment to positively impact the world as it develops and commercializes its unique clean energy technology and product line.”
“Dave has a truly impressive track record in the technology industry and is the ideal person to help the Company grow and add shareholder value,” said Mr. DuRant. “In his prior roles, Dave has proven himself a key member of executive leadership teams – driving finance, accounting, investor relations activities, and numerous debt and equity transactions. His extensive, on-point experience will provide critical support for the advancement of our product development and go-to-market activities.”
“I am honored to have served the Company as CFO for the past two years and I am excited to continue to serve in my new role,” said Mr. Silverthorn. “Cirque’s strategic activities offer many opportunities and challenges and I believe that my years of experience with the Company and in the energy industry will continue to support their execution. I look forward to working with Dave as he takes on the CFO role to help ensure a smooth transition for the Company.” “The transition of Roger’s role to focus on business development has been a part of our long term planning for some time. We are excited that we have will now have the focus of his experience and leadership to facilitate our focus on implementation of our project development strategies” said Mr. DuRant.