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Posted 22 January, 2024

Energy Recovery, Inc. appointed Mr. David Moon as new CEO

Nasdaq:ERII appointed new Chief Executive Officer Mr. David Moon in a 8-K filed on 22 January, 2024.


  On January 16, 2024, the Board of Directors (the "Board") of Energy Recovery, Inc. (the "Company") appointed Mr. David Moon, age 61, as President and Chief Executive Officer effective immediately.  

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Overview of Energy Recovery, Inc.
Industrial Goods • Industrial Machinery
Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water and Emerging Technologies segment. The Water segment deals with the development, sales, and support of the PX, Turbochargers and pumps used in seawater desalination and industrial wastewater activities. The Emerging Technologies segment is composed of the development of the PX G1300 used in industrial and commercial refrigeration applications. The company was founded in April 1992 and is headquartered in San Leandro, CA.
Market Cap
$868M
View Company Details
Energy Recovery, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Appointment of President and Chief Executive Officer

On January 16, 2024, the Board of Directors (the "Board") of Energy Recovery, Inc. (the "Company") appointed Mr. David Moon, age 61, as President and Chief Executive Officer effective immediately. Mr. Moon had been named as the interim President and Chief Executive Officer on October 23, 2023. Mr. Moon will remain a member of the Board of Directors, which he joined in July 2023. 

Mr. Moon has over 25 years of leadership experience in commercial and industrial technology development, manufacturing and marketing. Mr. Moon was President of Carrier Commercial Refrigeration, a supplier of high-efficiency CO2 turnkey refrigeration systems and services and a division of Carrier Global Corporation (NYSE: CARR), from 2020 to 2021. Prior to that, Mr. Moon worked as an Advisor for Ares Management LLC on the acquisition of CoolSys, Inc., a commercial refrigeration and HVAC services provider, in March 2019. He joined the CoolSys Board of Directors following such acquisition. Prior to that, Mr. Moon was President and Chief Operating Officer of Heatcraft Worldwide Refrigeration, a commercial refrigerator supplier and a division of Lennox International, Inc. (NYSE: LII), a provider of climate control products for heating, air conditioning, ventilation and refrigeration markets, from 2006 to 2017. Mr. Moon joined Lennox International, Inc. in 1998, holding various management positions in the United States, Singapore and Australia. Mr. Moon has also held various management positions at Allied Signal, Inc. (NYSE: ALD), Case Corporation and Tenneco Oil Company in the United States, Hong Kong, Taiwan and Germany. Mr. Moon served on the Board of Directors of American Woodmark Corporation (Nasdaq: AMWD) from 2015 to 2020. Mr. Moon received a Bachelor of Science in Civil Engineering and an MBA from Texas A&M University. 

Mr. Moon does not have any family relationship with any director or executive officer of the Company, or person nominated or chosen by the Company to become a director or executive officer, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Mr. Moon's compensation in connection with his role as President and Chief Executive Officer has not yet been determined and will be set by the Company's Compensation Committee at a later date, at which time the Company will file an amendment to this Current Report on Form 8-K to disclose the material terms of such arrangement.

A copy of the press release announcing Mr. Moon's appointment is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.