New York, NY (PRWEB) October 16, 2006
Intellicoat, the only cool roof provider that measures, verifies, and guarantees energy cost savings, announced today the expansion and strengthening of its board of directors with the additions of Howard Kent, Stephen Tumminello and Patrick Walsh. They join existing Board members, Harry Brener, Chairman, Alan Hegedus, Kevin Davis and Jeffrey Siegel. With the move, Intellicoat's board is now comprised of a majority of independent directors which helps position the company for its growth. These new directors bring a wealth of knowledge and experience to the company in the areas of energy efficiency, public company operations, finance, human resources and real estate.
Howard Kent has been active in the real estate investment and management business for over 30 years. He currently serves as a principal and co-founder of Real Estate Equities Group, LLC, and as a principal of Real Estate Management Group, LLC. In 2005, he formed South Florida Realty Partners, LLC which is active in commercial and residential real estate in Florida. Mr. Kent is a partner in several real estate partnerships and in various management companies that manage properties in which he or his companies' have or had an interest. His management portfolio has an estimated asset value in excess of $200,000,000.
Mr. Kent is a Certified Manager of Community Associations (CMCA). He is a voting member of the American Institute for Economic Research and served as chairman of the board of directors of American Investment Services, Inc., an SEC registered investment advisor with approximately $450 million in assets under management. Mr. Kent has served on the advisory boards of First American Bank in Palm Beach, Florida and First Fidelity Bank in Newark, New Jersey.
Mr. Tumminello spent his career in the energy efficiency industry. In 1990, he became the first American to be appointed president and chief executive officer of Philips Electronics North America, the North American branch of Philips Electronics of The Netherlands. Philips' units in the U.S., Canada and Mexico under his direct supervision employed more than 48,000 employees with annual sales of $7 billion and featured such brand products as Philips, Norelco and Magnavox. He retired as president and CEO in April, 1997. A member of "Who's Who in America", Tumminello is a past member of the New Jersey Society of Certified Public Accountants and the Electrical Manufacturers Club. His Board representation, past and present includes the Boards of the J.M Huber Corporation, American Manufacturing Company, J. M. Fluke Corp., Channel One, Whittle Enterprises, including the Edison Schools, the National Association of Manufacturers, the National Electrical Manufacturers Association, the U.S. Council for International Business, Fairleigh Dickinson University, Solaras Health Systems, the John F. Kennedy Medical Center in Edison, and Muhlenberg Hospital.
Mr. Walsh spent his career on Wall Street with Merrill Lynch. He served in several roles of senior leadership at Merrill Lynch, including service on the Merrill Lynch Executive Management Committee. As Senior Vice President, Benefits and Investment Solutions, Walsh had responsibility for management of more than $4 billion in assets of Merrill Lynch's 401(k) administration, Stock Option administration, and ESPP businesses. As Senior Vice President, Global Human Resources, Walsh was responsible at Merrill Lynch for firm-wide human resources including all aspects of compensation, benefits, employee relations, recruiting and related areas. His Board representation includes service as Non-Executive Chairman and Director of Invesmart, Inc., a retirement services company, Catholic Charities of Trenton, New Jersey, College of William and Mary School of Business and as Board Member Emeritus of Children's Home Society of New Jersey.
Intellicoat provides single source energy cost reduction services to commercial building owners and operators and is the only energy services company focused exclusively on reducing energy consumption, demand and cost with cool roof solutions. While other companies manufacture and sell cool roof products, only Intellicoat quantifies, measures, verifies, and guarantees energy cost savings. Our environmentally-friendly cool roof solution delivers energy cost savings with aggressive paybacks, enabling our customers to reduce their building's air conditioning energy cost from 25-50%.
Quantify. Measure. Verify. Guarantee….only with Intellicoat. For more information, please visit http://www.intellicoattech.com.
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