Financial Veteran Joins Smart Grid Technology Leader
Redwood City, Calif., October 14, 2008 – Silver Spring Networks today announced the appointment of Warren Jenson as Chief Financial Officer. Warren joins the Silver Spring executive team after having served as Executive Vice President and Chief Financial Officer at Electronic Arts. Warren will report to Silver Spring Networks’ President and Chief Executive Officer, Scott Lang.
“Warren is a terrific addition to our team. He has a proven ability to be a strategic leader in driving growth, profitability and value,” said Scott. “The clean technology market is dynamic, with new opportunities emerging every day. As Silver Spring Networks continues to drive its global expansion, Warren’s experience and leadership will be a tremendous asset.”
“Energy is emerging as the most important investment imperative of this generation and Silver Spring Networks is at the forefront of this global trend,” said Warren Jenson “Silver Spring has the only proven platform that enables the Smart Grid to become a reality. That means improved efficiency, lower carbon emissions and consumer empowerment to participate in solutions. Silver Spring Networks is making a real and immediate impact and I am delighted to be a part of this team.”
Warren brings a wealth of experience guiding companies through complex financial growth, global expansion and value creation. He has been recognized for his visionary leadership by Institutional Investor magazine having been named as one of the Best CFOs in America. Warren has served as CFO of Electronic Arts, Amazon.com and Delta Air Lines. Prior to that, he worked in several positions as part of the General Electric Company. Most notably, he served as CFO and Senior Vice President for the National Broadcasting Company, a subsidiary of General Electric.
About Silver Spring Networks
Silver Spring Networks has created the technology, software and services to enable utilities to transmit and receive information from any point on the grid – also known as the Smart Grid. The Company’s unique technology enables our customers to enhance the reliability and quality of their services while at the same giving them the potential to better utilize their scarce power generating capacity, reduce carbon emissions and improve operating efficiency. The Company’s technology systems and services are based on the Internet Protocol (IP) suite. The Smart Energy Network addresses the challenges of running multiple applications and devices on a common infrastructure by using multiple transport technologies and empowers consumers to manage their energy more efficiently. This smarter, more efficient grid could cut the growth rate of worldwide energy consumption by more than half over the next 15 years and drastically reduce carbon emissions.
Silver Spring Networks was named a Technology Pioneer at the 2008 World Economic Forum in Davos, Switzerland, was named to the 2008 Red Herring 100 and the 2008 AlwaysOn Global 250 and was a recipient of the GoingGreen and Brilliant Innovation Awards in 2007. For additional information, visit www.silverspringnet.com.
Silver Spring Networks