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Energy Recovery Appoints Mike Mancini as Chief Financial Officer

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Energy Recovery, Inc. (Nasdaq: ERII) has appointed Michael (Mike) Mancini as its new Chief Financial Officer (CFO), effective August 5, 2024. Mancini brings extensive experience in high-growth engineering and technology businesses, capital allocation, and operational expertise. He joins from Astranis Space Technologies Corp., where he served as CFO for four years. Previously, he was CFO and Executive Vice President of Strategy at Aerion Supersonic. Mancini's background includes roles in private equity and hedge fund investing. Energy Recovery's CEO, David Moon, highlighted Mancini's analytical skills and collaborative approach as key assets for advancing the company's growth strategy and expansion into new markets.

Energy Recovery, Inc. (Nasdaq: ERII) ha nominato Michael (Mike) Mancini come nuovo Chief Financial Officer (CFO), con decorrenza dal 5 agosto 2024. Mancini porta con sé una vasta esperienza nel settore dell'ingegneria e della tecnologia in rapida crescita, nella allocazione di capitali e nelle operazioni aziendali. Proviene da Astranis Space Technologies Corp., dove ha ricoperto il ruolo di CFO per quattro anni. In precedenza, è stato CFO e Vice Presidente Esecutivo della Strategia presso Aerion Supersonic. L'esperienza di Mancini include ruoli nel private equity e nell'investimento in hedge fund. Il CEO di Energy Recovery, David Moon, ha messo in evidenza le competenze analitiche e l'approccio collaborativo di Mancini come risorse chiave per avanzare nella strategia di crescita dell'azienda e nell'espansione verso nuovi mercati.

Energy Recovery, Inc. (Nasdaq: ERII) ha designado a Michael (Mike) Mancini como su nuevo Director Financiero (CFO), con efecto a partir del 5 de agosto de 2024. Mancini aporta una amplia experiencia en negocios de ingeniería y tecnología de alto crecimiento, asignación de capital y experiencia operativa. Viene de Astranis Space Technologies Corp., donde fue CFO durante cuatro años. Anteriormente, fue CFO y Vicepresidente Ejecutivo de Estrategia en Aerion Supersonic. La trayectoria de Mancini incluye roles en capital privado e inversiones en fondos de cobertura. El CEO de Energy Recovery, David Moon, destacó las habilidades analíticas y el enfoque colaborativo de Mancini como activos clave para avanzar en la estrategia de crecimiento de la empresa y su expansión hacia nuevos mercados.

Energy Recovery, Inc. (Nasdaq: ERII)는 Michael (Mike) Mancini를 새로운 최고재무책임자 (CFO)로 임명하였으며, 2024년 8월 5일자로 효력이 발생합니다. Mancini는 고속 성장하는 엔지니어링 및 기술 산업, 자본 배분 및 운영 전문성에서 폭넓은 경험을 제공합니다. 그는 지난 4년간 CFO로 재직했던 Astranis Space Technologies Corp.에서 합류합니다. 그 이전에는 Aerion Supersonic의 CFO 및 전략 부문 부사장이었습니다. Mancini의 경력에는 사모펀드 및 헤지펀드 투자 관련 역할이 포함됩니다. Energy Recovery의 CEO인 David Moon은 Mancini의 분석 능력과 협력적 접근 방식이 회사의 성장 전략과 새로운 시장으로의 확장을 추진하는 데 중요한 자산이라고 강조하였습니다.

Energy Recovery, Inc. (Nasdaq: ERII) a nommé Michael (Mike) Mancini comme son nouveau Directeur Financier (CFO), effectif à compter du 5 août 2024. Mancini apporte une vaste expérience dans les entreprises d'ingénierie et de technologie à forte croissance, l'allocation de capitaux et l'expertise opérationnelle. Il rejoint l'entreprise après avoir été CFO d'Astranis Space Technologies Corp. pendant quatre ans. Auparavant, il a été CFO et vice-président exécutif de la stratégie chez Aerion Supersonic. Le parcours de Mancini comprend des postes dans le capital-investissement et l'investissement dans des fonds spéculatifs. Le PDG d'Energy Recovery, David Moon, a souligné les compétences analytiques et l'approche collaborative de Mancini comme des atouts clés pour faire avancer la stratégie de croissance de l'entreprise et son expansion sur de nouveaux marchés.

Energy Recovery, Inc. (Nasdaq: ERII) hat Michael (Mike) Mancini als neuen Chief Financial Officer (CFO) ernannt, der ab dem 5. August 2024 tätig wird. Mancini bringt umfassende Erfahrungen aus wachstumsstarken Ingenieur- und Technologieunternehmen, Kapitalallokation sowie operative Expertise mit. Er kommt von Astranis Space Technologies Corp., wo er vier Jahre lang CFO war. Davor war er CFO und Executive Vice President für Strategie bei Aerion Supersonic. Mancinis Hintergrund umfasst Tätigkeiten im Bereich Private Equity und Hedgefonds-Investitionen. Der CEO von Energy Recovery, David Moon, hob die analytischen Fähigkeiten und den kooperativen Ansatz von Mancini als entscheidende Vermögenswerte zur Förderung der Wachstumsstrategie des Unternehmens und der Expansion in neue Märkte hervor.

Positive
  • Appointment of an experienced CFO with a strong background in high-growth technology companies
  • New CFO brings expertise in capital allocation and operational management
  • Potential for improved financial strategy and growth opportunities
Negative
  • None.

SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (Nasdaq: ERII) today announced the appointment of Michael (Mike) Mancini as Chief Financial Officer (CFO). He will join Energy Recovery on August 5, 2024. Mr. Mancini is an experienced CFO and business strategist with extensive operational and capital markets experience.

“From Mike’s extensive experience with high-growth engineering and technology businesses to his expertise in capital allocation, he possesses all the qualities we have been seeking in a new CFO,” said David Moon, President and CEO of Energy Recovery. “Mike’s analytical horsepower and collaborative approach will be tremendous assets as we advance our growth strategy and move further into new markets.”

Mr. Mancini joins Energy Recovery from Astranis Space Technologies Corp., a San Francisco-based next-gen satellite company, where he served as CFO for four years and was instrumental in bringing this revolutionary satellite technology to market. He was previously CFO and Executive Vice President of Strategy for Aerion Supersonic, a supersonic aircraft startup, where he built the finance and accounting organization from the ground up, led partnership efforts with leading global aerospace companies, and crafted the company’s multibillion-dollar financing strategy. Prior to his CFO roles, Mr. Mancini was a private equity and hedge fund investor, deploying capital in both growth-stage and value-based investing strategies.

“I am honored to join the talented team at Energy Recovery to drive its continued innovation as a hard-tech company focused on energy efficiency solutions,” Mr. Mancini said. “I have dedicated my career to advancing world-changing technologies and am looking forward to helping Energy Recovery realize its full potential. I’m excited about the business today, but even more so about where it’s heading.”

Mr. Mancini holds a bachelor’s degree in finance and economics from Boston College and will be based in the San Francisco Bay Area.

About Energy Recovery

Energy Recovery is a trusted global leader in energy efficiency technology. Building on our pressure exchanger technology platform, we design and manufacture reliable, high-performance solutions that generate cost savings, increase energy efficiency, and reduce carbon emissions across several industries. With a strong foundation in the desalination industry, Energy Recovery has delivered transformative solutions that increase operational efficiency and environmental sustainability to our customers worldwide for more than 30 years. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing and R&D facilities across California and Texas, with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

Investor Inquiries

ir@energyrecovery.com

Source: Energy Recovery, Inc.

FAQ

Who is the new CFO of Energy Recovery (ERII)?

Michael (Mike) Mancini has been appointed as the new Chief Financial Officer of Energy Recovery (ERII).

When will Mike Mancini start as CFO of Energy Recovery (ERII)?

Mike Mancini will join Energy Recovery (ERII) as Chief Financial Officer on August 5, 2024.

What is Mike Mancini's professional background before joining Energy Recovery (ERII)?

Before joining Energy Recovery, Mike Mancini was CFO at Astranis Space Technologies Corp. for four years and previously served as CFO and Executive Vice President of Strategy at Aerion Supersonic. He also has experience in private equity and hedge fund investing.

Why did Energy Recovery (ERII) choose Mike Mancini as their new CFO?

Energy Recovery chose Mike Mancini for his extensive experience with high-growth engineering and technology businesses, expertise in capital allocation, analytical skills, and collaborative approach, which align with the company's growth strategy and expansion into new markets.

Energy Recovery, Inc.

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Pollution & Treatment Controls
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