Anaergia Announces Management Reorganization and Appoints Andrew Benedek as Chief Executive Officer

Burlington, Ontario (June 25, 2014) – Anaergia Inc. (or the “Company”) today announced that the Company has reorganized its senior management. The Board of Directors of Anaergia approved the following management changes:

• Dr. Andrew Benedek, Company founder and formerly Chairman and Chief Technology Officer has been appointed as Chairman and CEO of Anaergia Inc.  Dr. Benedek, Anaergia’s founder, had previously founded ZENON Environmental, the world’s leading membrane company, and served as its CEO until it was acquired by General Electric in 2006.
• Steve Watzeck, formerly CEO of Anaergia, has been appointed Chief Commercial Officer of membrane technology based Solutions.  He will also become Chairman of the Board for Anaergia associated company, Fibracast, and thereby tie the sales network of Anaergia to the products of Fibracast. Mr. Watzeck will continue to serve on Anaergia’s Board of Directors as well and use his expertise in strategic growth for the benefit of the entire organization.
• Arun Sharma, formerly President of Anaergia Services, Anaergia’s main US subsidiary, has been appointed President of the Americas, responsible for all of Anaergia’s business units in the Americas other than its associated company, Fibracast.

These changes are a result of the maturing of the company’s activities.  Dr. Benedek’s team has now developed many of the technologies needed to fuel the company’s growth. His world leading combination of technical knowledge and entrepreneurial skills are now best used to support the regional leaders such as Mr. Sharma.  At the same time, Fibracast has reached the point where its products have proven their great promise. Therefore, the appointment of Mr. Watzeck, a world leading expert in membrane commercialization, will be very helpful to Fibracast at this critical time in this subsidiary’s growth.

Dr. Benedek commented that he feels fortunate to work with a superb team of professionals. In the Americas, he has worked closely with Mr. Sharma over the last five years. The California-based business unit managed by Mr. Sharma has a first rate track record and the lessons learned there and elsewhere will serve to underpin Anaergia’s future growth in the Americas.

Similarly, all Europe, Middle East and Africa operations are now under the leadership of Mr. Luca Belli, who had previously done an excellent job managing Anaergia’s Italian operations. Anaergia’s rapidly growing Asian business continues to be managed ably by Mr. Tim Huang and his dynamic team.

In addition, three other individuals round out the Company’s team of senior executives.  Mr. Krishnan Iyer, who recently joined Anaergia as CFO, had previously been at Enwave Energy Corporation, a leading Canadian provider of innovative, sustainable energy services.  Mr. Hani Kaissi, SVP, Corporate Development and Operations, has been with the Company since its North American inception. Mr. Iyer and Mr. Kaissi together make sure that Anaergia’s finances, operations and investments are properly managed and support the growth of the Company. Mr. Juan Josse, Chief Engineer, makes sure that the company remains at the forefront of waste conversion technologies.

Mr. Watzeck commented that he is excited by the opportunity of serving the water industry by helping to bring to market an innovative new membrane solution to optimize wastewater treatment and reuse, and that it has great global potential. He also feels fortunate to work with Fibracast’s CEO, Mr. John Tomescu, who has succeeded to develop a revolutionary membrane product, as well as a manufacturing line to support global sales. John will continue to lead the evolution of Fibracast, as its CEO.

About Anaergia

Anaergia is the global technology leader in recovering value from waste for the municipal, industrial, and agriculture sectors worldwide. Through its proven portfolio of proprietary technology, Anaergia’s integrated solutions create value for its customers in the forms of clean water, reliable energy, and quality fertilizers while dramatically reducing costs of waste disposal. Anaergia’s international headquarters are located in Burlington, Ontario, Canada, with regional services through 14 offices located in Europe, North America and Asia. Anaergia’s technology is currently in use at over 1,600 anaerobic digestion plants worldwide, reducing greenhouse gas emissions while creating new revenue sources for our clients and partners.

For more information please visit: www.anaergia.com.