Clenergen Corporation
OTC Bulletin Board : CRGE

Clenergen Corporation

September 21, 2009 08:01 ET

Clenergen Corporation (OTCBB:CRGE) Appoints Dale Shepherd Chief Financial Officer and Abillish Kamti as Chief Financial Officer of Clenergen India Private Limited

NEW YORK, NEW YORK--(Marketwire - Sept. 21, 2009) - Clenergen Corporation (OTCBB:CRGE) -

Chief Executive Mark Quinn announced today the appointment of Dale Shepherd as Chief Financial Officer of Clenergen Corporation and Abillish Kamti as Chief Executive of Clenergen India Private Ltd.

Dale worked from 1973 to 1991 for one of the world's premier global networks, the General Electric Company. His career focused on hands on problem resolution, acquisitions, joint venture start ups and entering new business areas. During his time at GE, he held the positions of Director of Finance, GEM Polymers Ltd. Vice President, GE Plastics Japan Ltd. and Managing Director, GEM Chemicals, Inc. From there he joined Kawasaki LNP NC in the Engineering Plastics subsidiary of Kawasaki Steel Corporation. Dale was hired by Kawasaki Steel Corporation as Vice President Business Planning and Corporate Secretary to drive entry into the plastics industry by way of acquisitions. Over the 8 years he was at Kawasaki he negotiated and integrated acquisitions in USA, U.K., France and Germany which resulted in tripling of European sales over five years. Dale developed the Asia-Pacific expansion strategy and assisted in set up of a green fields manufacturing facility in Malaysia with other offices in Asia-Pacific countries.

Abillish Kamti worked for GE Capitol Finance from 2001 to 2004 where he managed the portfolio of investments in leases, project financings, and securitizations of aircrafts, helicopters, power plants and rolling-stock. In 2005 he joined Paramount Airways as Head of Finance. Here he was involved in structuring and negotiating financial deals with various funding agencies and had key involvement in new business approval process and liasing with key stakeholders across the business. He then joined SREI Infrastructure Finance in 2008 as Senior Vice President -Treasury where he assumed a leading role in all treasury activities and investor management issues for SREI Group companies. His duties included managing the strategic funding of their overseas subsidiary in Russia and the Middle East, raising overseas funds for the group, Abillish also indentified partnership opportunities and joint initiatives with investors, banks, and international investment institutions overseas and in India.

Mark Quinn commented on the appointments "Dale and Abillish both bring a strong background of corporate finance to the company and their mix of experience is very relevant to our business .We look forward to welcoming them to Clenergen and helping us meet our strategic ends."

About Clenergen Corporation

Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen develops Clean Energy Generation projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen Installs and operates Distribution Environmental Power Systems (DEPS) and applies Plant Science to the cultivation of proprietary biomass feedstock's in order to provide sustainable supplies of clean energy to regional, independent clients and national grids.

Contact Information

  • Clenergen Corporation
    Jessica Hatfield
    Communications Director
    0044 (0)207 739 0028
    0044 (0)207 657 3275 (FAX)