News: Portfolio 2008

Smart Grid Company BPL Global Elects New Independent Board Member

PITTSBURGH – Jan. 22, 2008 – BPL Global™, Ltd., a smart grid technology company dedicated to leading the transformation of energy and information delivery, has elected Dr. Francis J. Harvey as a board member to the company. Dr. Harvey brings extensive knowledge of the energy industry, seasoned experience as a board member and a refined skill in directing transformational change to BPL Global’s board of directors.

 

The majority of Dr. Harvey’s career was spent with the Westinghouse Electric Corp., which he joined in 1969 as a senior engineer and retired in 1997 as the chief operating officer of the Industries and Technology Group. He was responsible for six different divisions throughout the course of his career. Under his leadership, each of these organizations achieved higher levels of both strategic and operational performance, and as a whole, generated more than $1 billion in operating profit.

“I am very pleased to be elected to the BPL Global board and to be part of a world-class team,” said Dr. Harvey. “BPL Global addresses the critical market needs for improved efficiency and reliability in the utility sector on a global scale. The company has demonstrated strong growth with its leading-edge smart grid technology.”

 

Between 1997 and 2004, Dr. Harvey served on a total of 10 different corporate and non-corporate boards. Dr. Harvey served on several corporate boards, including three portfolio companies of the Carlyle Group where he was the vice chairman of the board for two of these companies. Two of these companies were in the energy sector and one in the environmental sector providing highly relevant experience to his new role with BPL Global.

 

“We are delighted to add Dr. Harvey as a board member. His skill in transforming organizations adds significant value to our shareholders,” said Sam Zacharias, chairman of BPL Global’s board of directors. “Having a renowned independent board member of Dr. Harvey’s stature will provide our company with the perspective and direction needed to become a great global company.”

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