| Comverge Promotes Michael Picchi to Executive Vice President, Chief Financial
Officer
Duluth, GA - June 13, 2006: Comverge, Inc., North America's leading provider of clean and
low-cost peak capacity reduction for electric utilities, achieved through Demand Response
solutions and technologies, announced today the promotion of Michael Picchi to Executive Vice
President, Chief Financial Officer. As CFO, Mr. Picchi will oversee all accounting, treasury,
risk management, and corporate finance functions at Comverge. A veteran of the wireless
telecommunications, business services, and accounting industries, he brings over 16 years of
management and finance expertise to Comverge. Mr. Picchi is assuming the CFO
responsibilities from T. Wayne Wren, who retains his title as Executive Vice President, General
Counsel & Corporate Secretary.
Mr. Picchi joined Comverge in February 2006 as Senior Vice President, Chief Accounting
Officer responsible for all accounting functions. Prior thereto, Picchi was Senior Vice President,
Finance and Controller for PRG-Schultz, an audit recovery services firm. From 1999 to 2003,
Mr. Picchi served as Vice President, Finance for NASDAQ-listed AirGate PCS, a Sprint PCS
wireless affiliate. Mr. Picchi began his career at Coopers & Lybrand, LLP. A graduate of
Indiana University, Picchi holds a B.S. in Accounting and an MBA in Finance. Mr. Picchi is a
Certified Public Accountant and a Chartered Financial Analyst.
Robert M. Chiste, Chairman, President, and CEO of Comverge, commented, "I am pleased to
promote Mike into this position at such an important time in Comverge's history. His extensive
public company background and financial capabilities will be invaluable in positioning
Comverge for continued growth, operational excellence, and future success. We have ambitious
goals for Comverge and I am confident that Mike will play a major role in driving the fulfillment
of those objectives as a member of our executive team."
Mr. Chiste added, "We are especially fortunate because Wayne Wren, who has been our CFO
over the past 5 years leading both the finance and legal functions of Comverge, will continue to
contribute to Comverge's success as Executive Vice President and General Counsel. Wayne and
I have teamed up in multiple public and private companies for almost 15 years, and I look
forward to continuing that relationship as he focuses on Comverge's legal and regulatory matters
growing as a result of Comverge's dramatic expansion."
About Comverge, Inc.
Comverge, Inc. provides clean, low-cost peak capacity reduction for electric utilities, achieved
through Demand Response solutions and technologies, such as its patent pending fully
outsourced Virtual Peaking CapacityTM offering. As North America's leader in Demand
Response, Comverge serves over 500 clients in the electric utility industry, implementing both
integrated and outsourced solution-based models for direct and price responsive load
management, remote meter reading, and distributed generation monitoring. Comverge's
investors include Nth Power, EnerTech Capital, Data Systems and Software (OTCBB: DSSI),
E.ON Ventures (NYSE: EON), Ridgewood Capital, Easton Hunt Capital Partners, Norsk Hydro
Technology Ventures (NYSE: NHY), Emerson (NYSE: EMR), Air Products & Chemicals, Inc.
(NYSE: APD), Rockport Capital Partners, Partners for Growth, and the Shell Internet Ventures
affiliate of Royal Dutch/Shell (NYSE: RD). For more information, please visit www.comverge.com.
Media Contact
At Comverge, Bud Vos, Vice President of Marketing, Products, & Strategy, 973.884.5970, bvos@comverge.com
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