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Worenklein Will Step Down from Ormat’s Board of Directors March 31, 2010
As a result of his joining the law firm of Bingham McCutchen LLP as partner, Mr. Jacob J. Worenklein, a member of Ormat Technologies, Inc.’s Board of Directors and Audit Committee since November 2004, will step down from the Board on March 31, 2010. Bingham McCutchen’s policy prevents its partners from serving as directors of public companies.
Regarding Worenklein’s resignation, Lucien Bronicki, Chairman of Ormat Technologies, said, “Jay Worenklein has been a dedicated and valuable member of Ormat’s Board. On behalf of everyone at Ormat, I would like to thank him for all of his work and past contributions to the Company, and wish him success in his new position as Partner in the Bingham firm.”
Bingham McCutchen LLP offers a broad range of market-leading practices focused on global financial services firms and Fortune 100 companies. The firm has 1,100 lawyers in 12 locations in the U.S., U.K. and Asia.Worenklein Will Step Down from Ormat's Board of Directors March 31, 2010 by joshua