Lime Energy Announces Board of Director and Executive Management Change

Lime Energy Co. LIME, a leading provider of energy efficiency and renewable energy solutions, today announced changes to its Executive Management team and Board of Directors. John O'Rourke has been elected President and Chief Executive Officer of the company, David Asplund has been elected Executive Chairman of the Board, Richard Kiphart has been appointed Lead Director and Dan Parke will become an independent Advisor to the Company while remaining on the Board of Directors.  "This is a very exciting new chapter in the evolution of Lime Energy and is a direct result of our rapid growth," stated David Asplund, Executive Chairman. "These changes are being made to streamline the leadership and management of our organization to improve integration, efficiency and cost savings.  Like many successful growth companies, there comes a time for the founders to pass the leadership to new management to take the company to the next level.  John has been our Chief Operating Officer now for over two years and is well qualified for his new role. He has been instrumental in developing our organizational and strategic plans, hiring and supporting numerous key personnel, and building new businesses for Lime in key markets, including our very successful utility program management business. John has accomplished all of this while driving revenue and profitability in our existing business units. I look forward to continuing to work closely with John and am highly confident that he, with the support of the entire Lime team, will continue to leverage the platform we've built to achieve our ultimate objective of sustainable profitability," concluded Mr. Asplund.