TORONTO, ONTARIO — (Marketwire) — 03/16/12 — 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 or through EnerCare-s website at . Information on the sub-metering business is also available at .
Contacts:
EnerCare Inc.
Evelyn Sutherland
CFO
416.649.1860