SOURCE: WoodPellets.com

WoodPellets.com

November 12, 2013 07:00 ET

WoodPellets.com Announces Appointment on New CEO

BEDFORD, NH--(Marketwired - Nov 12, 2013) - WoodPellets.com, the nation's largest on-line retailer of wood pellets, is proud to announce the appointment of a new CEO. David Nydam has come on board Bedford, New Hampshire-based WoodPellets.com with a focus on driving further growth in the business. The company's prior CEO, Tim Loucks, will remain active as a board member and advisor.

Mr. Nydam served most recently as President of Wellesley, Massachusetts-based BCC Research, the premier source of market growth and segmentation data for technology-driven industries such as renewable energy, chemicals, nanotechnology, and biotechnology. In his seven years at BCC, he doubled the profitability of the company by expanding the markets served by the company and building a customer-focused sales force. Prior to BCC, Nydam was Vice President of Marketing at EF Education for their direct to consumer Go Ahead Tours division. He also has experience in business strategy, having worked in the Corporate Strategy practice for Deloitte/Braxton consulting. He completed his undergraduate education at Yale University with a B.S. in Astronomy and Physics and received an MBA from the Tuck School at Dartmouth.

"I'm excited to join the fantastic team at WoodPellets.com at such a thrilling time for the industry and build on the great work done by Tim Loucks," said David Nydam. "Pellet fuels and the renewable energy industry are growing as more and more people discover the economic and environmental benefits of wood pellet heating. It's wonderful to come into a service driven company that delivers the highest quality product in the industry through its CleanFire family of products."

Tim Loucks, CEO of Woodpellets.com since 2011, said, "I am very excited to be handing over the reins to David. His experience leading high quality service businesses and marketing perspective will help us continue to grow with and expand the wood pellet market. I am looking forward to remaining actively involved as a director and shareholder."

Graham Brooks of .406 Ventures added, "We are really excited about David joining the team and advancing the terrific work that Tim Loucks has done over the past two years. We are very pleased with Woodpellets.com's positioning in the industry and excited about what's ahead under David's leadership."

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