Energy recovery announces leadership transition

On november 1, 2019, chris gannon gave notice to the board of directors of energy recovery, inc. that he intends to resign from his position as the company's president and chief executive officer and as a member of the board, effective november 1, 2019. mr. gannon has served on the board since may 2018 and did not serve on any board committees. in connection with mr. gannon's resignation, on november 1, 2019, the board appointed robert y. l. mao, age 75, to serve as the company's interim president and chief executive officer, effective november 1, 2019, to serve in these positions until a permanent successor is appointed by the board. mr. mao will retain his board seat and chairmanship during the transition. mr. mao has served as a member of board of directors since 2010 and was appointed chairman of the board in march 2019, effective in june 2019. mr. mao also serves as a member of the audit committee of the board. when mr. mao begins his service as the company's interim president and chief executive officer, he will no longer serve on the audit committee.
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