NewsNEWS - Thermal Energy Announces Oliver Toffoli to Replace Thomas V. Hinke as Chief Financial Officer (CFO) OTTAWA, ONTARIO, March 14, 2005 – Thermal Energy International Inc. (“Thermal Energy”) (TSX-V: “TMG”), (the “Company”)
https://www.thermalenergy.com announced the intention of Mr. Hinke to resign his post as Chief Financial Officer of the Company. Mr. Hinke’s change of role has come as a result of the company’s goal and mandate to build a stronger management team. Effective immediately, Oliver Toffoli, a long-time Corporate Officer and former Treasurer and CFO of Thermal Energy, will take over the role of CFO. This is seen as a key step in the formulation of Tim Angus’ new management team. “We are pleased that Mr. Toffoli has agreed to step back into the role of CFO. His knowledge of our business, strong financial acumen and vast experience in doing business globally will greatly benefit Thermal as we look to fund and profitably grow our business as well as explore global opportunities for our technologies and solutions” stated John Parker, Co-Chairman of the Board of Thermal Energy International.