TerraForm Global announces election of two independent directors
TerraForm Global announced the election of two independent directors, Mark Lerdal and Fred Boyle, to the Company's Board of Directors, effective immediately."We are thrilled that Mark and Fred - two accomplished veterans of our industry - are joining TerraForm Global's Board," said Peter Blackmore, TerraForm Global's Chairman and Interim Chief Executive Officer. "Their decades of combined leadership and industry experience will significantly enhance the renewable energy and finance expertise of our Board. We look forward to Mark's and Fred's contributions as we continue our strategic alternatives process and work to maximize the value of TerraForm Global for our stockholders." Mr. Lerdal and Mr. Boyle will stand for reelection at TerraForm Global's next annual meeting of shareholders. With the addition of Mr. Lerdal and Mr. Boyle, TerraForm Global's Board will expand from seven to nine members, five of whom are independent under NASDAQ rules.