TORONTO, ONTARIO--(Marketwire - March 16, 2012) - EnerCare Inc. ("EnerCare") (TSX:ECI) today named Grace Palombo to its board of directors effective immediately. Ms. Palombo's appointment expands the EnerCare board from six to seven members.
Speaking on behalf of board members, Jim Pantelidis, EnerCare's chairman, said: "We are delighted that Ms. Palombo has joined the board. We believe her experience and perspective will be an asset as we continue to build and maintain long-term shareholder value. We look forward to working with her."
Ms. Palombo was nominated to the EnerCare board by Direct Energy Marketing Limited ("DE") pursuant to DE's rights under a nomination agreement entered into in connection with EnerCare's conversion from an income fund to its current corporate structure.
Following DE's nomination of Ms. Palombo, the board's governance committee carefully considered her qualifications and suitability, as well as those of other candidates, and recommended that she be appointed a director. Ms. Palombo's term expires at the close of the next annual meeting of shareholders.
About Grace Palombo
Ms. Palombo has a proven record in maximizing organizational performance and human capital as a senior human resources, corporate services and legal executive. A lawyer by training, she is currently vice-president, human resources at TD Bank Group. From 2004 to 2010, she was senior vice-president, human resources--corporate, at CanWest Global Communications. She is also a director of Student Transportation Inc., listed on the Toronto Stock Exchange and Nasdaq, one of North America's largest providers of school-bus services. She previously served on the CanWest Global and Union Gas management committees. The Richard Ivey School of Business has recognized Ms Palombo as one of Canada's "Women in the Lead".
About EnerCare Inc.
EnerCare owns a portfolio of approximately 1.2 million installed water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns EnerCare Connections Inc., a leading sub-metering company, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada.
Additional information regarding EnerCare is available on SEDAR at www.sedar.com or through EnerCare's website at http://investors.enercare.ca. Information on the sub-metering business is also available at www.enercareconnections.com.