Management ChangeMay 28, 2026, 04:13 PM
Energy Recovery CEO Moon Retires Early; Alex Buehler Named Interim CEO
AI Summary
Energy Recovery, Inc. announced that President and CEO David Moon accelerated his retirement and resigned from all positions, effective May 26, 2026. The Board appointed current director Alex Buehler as Interim President and CEO. Mr. Buehler, who previously served as the company's CFO from 2011 to 2014, will retain his board seat but step down from the Compensation and Audit Committees, with Arve Hanstveit becoming the new Audit Committee Chair. Mr. Moon's departure was not due to any disagreements.
Key Highlights
- David Moon accelerated his retirement and resigned as President, CEO, and Board member, effective May 26, 2026.
- Mr. Moon's resignation was not related to any disagreement with the company's management or Board.
- Alex Buehler, age 51, was appointed Interim President and Chief Executive Officer, effective May 26, 2026.
- Mr. Buehler previously served as Energy Recovery's CFO from 2011 to 2014 and has been a Board member since 2015.
- Mr. Buehler will retain his board seat but step down from the Compensation and Audit Committees.
- Arve Hanstveit has been appointed as the new Audit Committee Chair.
- Mr. Buehler's compensation for his interim role has not yet been determined.
Price Impact
More from ERII