Advanced Emissions Solutions appoints two new directors

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1 August 2014, Electricity

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Both Mr Shackelton and Mr Wells, who have strong support from many of our larger stockholders, have also been elected to the Finance Committee of the Board, which was established earlier this year to evaluate opportunities around the most advantageous use of our future cash flows in order to maximize stockholder value. Their term on the Board will run until the next annual meeting of stockholders at which directors are elected.

Chris Shackelton is a Co-Founder and Managing Partner of Coliseum Capital Management LLC, a private company that invests with a long-term orientation in undervalued companies. Earlier in his career, he worked as an Analyst for Morgan Stanley & Co and Watershed Asset Management. Mr Shackelton is currently a director on the boards of LHC Group, Inc. and Providence Service Corporation, where he serves as Chairman. He previously served as Chairman of the Board of Rural/Metro Corp and as a director on the board of Interstate Hotels & Resorts, Inc.

Spencer Wells is a Founding Partner of Drivetrain Advisors, an advisory firm focused on providing fiduciary services to investors in the alternative investment industry. He has extensive experience as a corporate director and in the management of equity and debt investment funds with a focus on the analysis of private and public companies, strategic planning, and portfolio management. He was previously a partner at Silverpoint Capital where he oversaw investments in the Power Generation, Chemicals, Oil and Gas, Mining, Building Products, and Financial Services sectors and was a permanent member of the Portfolio Committee tasked with managing a $6 billion portfolio with investments in numerous industries and instruments across the capital structure.

Dr Michael D. Durham, Company President and CEO said, "We are pleased to bring additional stockholder representation to the Board. Both Chris and Spencer have extensive experience in the capital markets and building businesses in a range of industries, which will be valuable as the Company remains committed to find the best ways to maximize the value of the refined coal cash flows to stockholders and position the Company for future growth."

Source: MarketLine

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