WaterFurnace Names Tom Huntington New CEO

WaterFurnace Renewable Energy, Inc. (WFI on the Toronto Stock Exchange) named Tom Huntington as President and Chief Executive Officer effective May 26, 2009. Huntington will take over from Bruce Ritchey, who is retiring from the Company after 10 years in the position.

Ritchey had this to say about the appointment, “I am very happy that the board of directors has selected Tom Huntington as my successor. I have known Tom for 14 years and can think of no one more qualified or better suited for the job. I am excited as a shareholder to see what he can do for the business. I am also very happy for our employees and customers, because I know they will find Tom Huntington to be a terrific person to work for and to work with.”

Mr. Huntington comes to WaterFurnace from the Building Efficiency Division of Johnson Controls, Inc. In 2005 Johnson Controls acquired York International where Mr. Huntington was President of York’s $1 billion Unitary Products Group from 2000 until 2006. Mr. Huntington continued to run that Group under Johnson Controls.

Prior to being named President at York Unitary Products Group, Tom served as Senior Vice President of Engineering and Vice President of Global Sales and Marketing at Bristol Compressors. From 1992 through 1995 Mr. Huntington helped grow Evcon/Coleman Industries from $35 million to $150 million in sales at which time the Company was acquired by York International. Huntington continued as General Manager of Evcon Industries under York until 1997.

Tom Huntington is well known within the Heating and Air Conditioning industry. He was the past Chairman of the Gas Appliance Manufacturer’s Association (GAMA) and was involved in the consolidation of the industry’s two governing bodies (Air Conditioning and Refrigeration Institute and Gas Appliance Manufacturers Association). He is currently on the Planning Board of the resulting consolidated organization, The Air Conditioning, Heating, Refrigeration Institute (AHRI). He is also on the board of NATE (North American Technician Excellence) the industry’s testing and certification organization for service technician training.
Mr. Huntington holds a BS in Electrical Engineering Technology from Rochester Institute of Technology. Upon graduation he completed a two year Manufacturing Management Training Program with General Electric before going on for a Master of Science in Engineering Administration from Syracuse University.

Tim Shields, Chairman of the board of WaterFurnace had this to say, “The board was very pleased with the numerous highly qualified candidates that were attracted to this position. We are delighted to have been able to attract Tom Huntington. His breadth of experience in our industry will prove invaluable. Tom is known personally by two of our board members who had worked with him in the past and had highly recommended him for the position. We believe Tom will be a great fit for our culture and has all the tools necessary to build on the very strong platform he is inheriting here.”

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