Insituform Announces Appointment of M. Richard Smith to Board of Directors

Insituform Technologies Inc. announced the appointment of M. Richard Smith to its board of directors. Smith brings more than 30 years of management experience in the energy services industry. The addition of Smith increases the size of the company’s board of directors from seven to eight. Smith will also serve on the board’s strategic planning and corporate governance and nominating committees.

Smith, 62, currently serves as a consultant to and member of the board of directors of Sithe Global Power LLC, an international power development company, and as the chairman of the board of Evergreen Energy Inc., a coal technology and environmental solutions company. Most recently, Smith served as the senior vice president of Bechtel Corp. and president of its Fossil Power business unit from October 2005 until his retirement in December 2007.

Smith also previously served as the CEO of Intergen NV, a global power generation firm, and in various management positions at affiliated Bechtel companies and at PG&E Corp.

“Rick is a great addition to our board,” said Insituform’s chairman of the board of directors, Alfred L. Woods. “His 30-plus years in the energy services industry will provide great insight into our expanding energy and mining business. Our board will also benefit from Rick’s vast experience in international operations. The addition of Rick to our already diverse board will be a tremendous asset to Insituform.”

Source: Insituform