U.S. Geothermal, CEO Gilles to part ways July 18

|By:, SA News Editor

U.S. Geothermal (NYSEMKT:HTM) says it will not extend the employment agreement for CEO Dennis Gilles beyond term expiring on July 18.

The board says it formed an executive committee to search for a new CEO as well as guide the company on key strategic initiatives and capital allocation.