Boston, MA 10/13/2014 (wallstreetpr) – According to reports, Ocean Power Technologies Inc (NASDAQ:OPTT) has decided to announce the election results for the selection procedure of the new director. As per the information, Dean J. Glover has been elected on board of directors of the company. The decision was taken during the annual meeting of OPTT’s stockholders, which was held on October 2, 2014. Glover was elected as a director of OPTT after Seymour S. Preston III had announced the retirement on the very same day. Ocean Power Technologies Inc (NASDAQ:OPTT) is a well-known wave energy technology company of the country.
Insights of the matter:
Glover has an extensive experience of the energy sector. Currently, he works as an independent consultant and renders his services to quite a few well-known companies in the same industry. Before opting to work as an independent consultant, he worked as President and Senior Vice President in the Products Division of Global Power Equipment Group, Inc. for some time. Not only he has got good exposure to the industry, but also various international locations as well. He has spent more than two decades working on technical and commercial projects in Power Industry. Glover spent close to thirteen years with General Electric Company (NYSE:GE) before joining Global Power. He was responsible for various managerial and technical duties at GE.
When it comes to education, he got Bachelors Degree in Mechanical Engineering from the University of Nebraska. After finishing engineering, he opted for Masters in Business Administration from the Kellogg Graduate School of Management, Northwestern University. According to Terence J. Cryan, Chairman of the Board of Ocean Power Technologies Inc (NASDAQ:OPTT), recruitment of Glover will empower the entire management team. He has an amazing track record and will surely help Ocean Power Technologies Inc (NASDAQ:OPTT) achieving market leader’s positions in the near future. His extensive experience in technical, managerial, commercial and operational activities will prove to be a big plus for the company.