NES Announces Chief Operating Officer and Chief Financial Officer Appointments

NES Expands Executive Team with Energy Industry Leaders
 

San Jose, CA, June 6, 2017: Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAP^TM), announced today the appointment of two executives Thomas Giese as its Chief Operating Officer (COO) and Will Mathieson as its Chief Financial Officer (CFO).
 

As COO, Thomas Giese will be responsible for the appropriate intersections of key business functions: finance, operations, product, sales, delivery, and quality. Mr. Giese will directly lead the overall company operational teams of procurement, planning, quality, and human resources. Thomas brings over a decade of executive experience from Honeywell Corporation where he served as Chief Financial Officer of the Smart Energy Division, resulting from Honeywell’s $5.1 billion-dollar acquisition of Elster Corporation. Prior to that, he served in several executive level finance and operations positions in Elster’s Gas & Electricity business.  Thomas earned a Masters of Business Degree from the University of Applied Sciences at Wiesbaden.
 

“NES’s smart grid vision of delivering a more secure, efficient, and reliable smart grid has never been more compelling,” said Thomas Giese. “I am truly excited and ready to start driving results that improve operations to accelerate the delivery of this vision.”
 

The newly appointed CFO, Will Mathieson, will be responsible for leading the overall global finance and accounting organization.  He will also be responsible for Investor Relations and the NES global information technology systems (IT), staff and infrastructure. Mr. Mathieson brings over twenty years of financial leadership and acumen to NES.  His last position was the Global Vice President of Commercial Finance of the energy conglomerate Abu Dhabi National Energy Company with over $5.2 billion in annual turnover. Prior to the role of Global Vice President, Will held previous positions as the Group Controller of Tamoil, and various senior management positions with Shell.  Will is a chartered accountant and holds a BA in Economics from the University of Stirling in Scotland.
 

“I’m excited to be joining the NES team in this role and am looking forward to working with our investors and supporting financial institutions to support growth and financial objectives of NES,” said Will Mathieson.
 

 “I am very pleased with the addition of Thomas and Will to our management team,” said Michael Anderson, President and CEO. “As NES continues to grow, their leadership, expertise, and industry knowledge will have a significant impact to our long-term results of our business plan while also ensuring the success of our customers.”
 

About Networked Energy Services Corporation (NES)
 

Networked Energy Services Corporation is a global smart energy leader in the worldwide transformation of the electricity grid into an energy control network, enabling utilities to provide their customers with a more efficient and reliable service, to protect their systems from current and emerging cybersecurity threats, and to offer innovative new services that enable active, intelligence use of energy. NES was formed as a result of the spinoff of Echelon Corporation’s Grid Modernization Division in October 2014. NES is headquartered in the US with R&D centers located in Silicon Valley, North Dakota and Poland, and sales offices throughout the world. NES’ smart grid technology is used in nearly 40 million smart meters and other smart end devices around the world. NES is a member of the OSGP Alliance, a global association of utilities and smart grid companies, which promotes the Open Smart Grid Protocol and cooperates to provide utilities greater value by enabling true, independently-certified, multi-vendor interoperability based upon open international specifications and standards.  You can find out more information about NES, its Patagonia Energy Applications Platform^TM (including grid management software, distributed control nodes, and smart meters) and services at: www.networkedenergy.com.