Energy Recovery appoints David Moon as interim CEO; Bob Mao steps down

Energy Recovery, Inc.

David Moon, a current Board member, appointed Interim President and CEO effective October 23, 2023.
Bob Mao departed as President and CEO but remains on the Board; Pamela Tondreau elected Chairperson.
Moon will receive $550k base salary plus ~$280k one-time equity award, pro-rated for service duration.
Moon previously led Carrier Commercial Refrigeration and Heatcraft Worldwide Refrigeration.
Comprehensive search for permanent CEO underway with executive search firm.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

David Moon

Interim President and Chief Executive Officer

ERII · Energy Recovery, Inc.

Effective: 2023-10-23
Filed: October 24, 2023, 7:59 PM ET

On October 23, 2023, the Board of Directors (the “Board”) of Energy Recovery, Inc. (the “Company”) appointed David Moon, a current member of the Board as Interim President and Chief Executive Officer, effective immediately, to hold such position until a permanent successor President and Chief Executive Officer is appointed.

Departed

Robert Yu Lang Mao

President and Chief Executive Officer

ERII · Energy Recovery, Inc.

Effective: 2023-10-23
Successor: David Moon
Filed: October 24, 2023, 7:59 PM ET

On October 23, 2023, Robert Yu Lang Mao, President and Chief Executive Officer, departed as President and Chief Executive Officer, effective October 23, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Moon was appointed as Interim President and Chief Executive Officer at Energy Recovery, Inc..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

On October 23, 2023, the Board of Directors (the “Board”) of Energy Recovery, Inc. (the “Company”) appointed David Moon, a current member of the Board as Interim President and Chief Executive Officer, effective immediately, to hold such position until a permanent successor President and Chief Executive Officer is appointed.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Yu Lang Mao departed as President and Chief Executive Officer at Energy Recovery, Inc..

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

On October 23, 2023, Robert Yu Lang Mao, President and Chief Executive Officer, departed as President and Chief Executive Officer, effective October 23, 2023.

View on SEC.gov

Energy Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0001421517-23-000162

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