Former PricewaterhouseCoopers Partner Adds Extensive Accounting and Audit Experience to the Board
A.Bradley Gabbard Engaged as a Consultant to the Company HIGHLANDS RANCH, Colo., May 28, 2014 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company" or "we") today announced that the Board of Directors (the "Board") appointed Taylor Simonton as a director. Mr. Simonton was also elected Audit Committee Chairman. Mr. Simonton's term on the Board will run until the next annual meeting of stockholders at which directors are elected. A. Bradley Gabbard, a Director and the previous Audit Committee Chairman, has agreed to take an additional role with the Company as a consultant engaged to manage and coordinate activities associated with resolving the previously announced accounting review and financial reporting issues. As a result of this consulting role, Mr. Gabbard has resigned from the Audit Committee to comply with Board policies. Mr. Gabbard has been a member of the Board since 2012, and has previously served as Chief Financial Officer for several Companies, including Lilis Energy (Nasdaq:LLEX), Applied Natural Gas Fuels, Inc. and Metretek Technologies, Inc. (now known as Powersecure International, Inc). Mr. Simonton brings more than 35 years of experience in financial accounting and auditing and over 10 years of corporate board service. During his 35-year career at PricewaterhouseCoopers LLP, he spent 23 years as an Assurance Partner, including seven years in the firm's SEC Department of its National Professional Services Group, four of which were international. He is a CPA; a Board Leadership Fellow (the highest director credential of the National Association of Corporate Directors); a member of the American Institute of CPAs and Colorado Society of CPAs; and holds a B.S. degree in accounting from the University of Tennessee. Mr. Simonton has over 10 years of experience serving as Chairman of the Audit Committees of multiple public companies.
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In trading on Friday, shares of Advanced Emissions Solutions Inc crossed above their 200 day moving average of $21.66, changing hands as high as $21.70 per share. Advanced Emissions Solutions Inc shares are currently trading up about 4.5% on the day.