REDWOOD CITY, Calif. - (Business Wire) Silver Spring Networks, a leading Smart Grid solutions provider, today announced the addition of Rick Simonson, Head of Mobile Phones for Finland-based Nokia, to its Board of Directors. Rick, formerly Nokia’s Chief Financial Officer, will chair the Audit Committee. "We are honored to have Rick join our Board of Directors," said Scott Lang, Chairman, President and CEO of Silver Spring Networks. "His financial experience and international business acumen add strength to our already stellar Board.”
Rick serves as a member of the Nokia Group Executive Board and assumed his role as Head of Mobile Phones on November 1, 2009. The unit accounts for more than half of net sales for Nokia Devices & Services. For the previous six years, Simonson held the position of Chief Financial Officer. He joined Nokia in 2001 as Vice President and Head of Customer Finance. In addition to his duties at Nokia, Simonson serves on the Board of Directors of Electronic Arts Inc. and the Board of Trustees of International House. He served on the 2008 US Treasury Advisory Committee on the Auditing Profession.
"Silver Spring Networks and its utility clients are leaders in the global effort to transform the way electricity is generated, delivered and consumed by building an intelligent, modern grid. With a Smart Grid will come tremendous benefits for consumers, as well as for our environment," said Rick. "I look forward to contributing to Silver Spring’s momentum and its vision to build a more efficient future.”
Rick joins prominent industry thought leaders on Silver Spring Networks’ Board, including Economist Laura D'Andrea Tyson; Tom Werner, CEO, SunPower Corporation; Ben Kortlang, Partner, Kleiner Perkins Caulfield & Byers; Thomas R. Kuhn, President, Edison Electric Institute; Corbin A. McNeill, Jr., Chairman, Portland General Electric and retired Chairman and Co-Chief Executive Officer, Exelon Corporation; Warren Weiss, Partner, Foundation Capital Partners; Adam Grosser, Partner, Foundation Capital Partners and Scott Lang, Chairman, President and CEO, Silver Spring Networks.
About Silver Spring Networks
Silver Spring Networks is a leading Smart Grid solutions provider that enables utilities to achieve operational efficiencies, reduce carbon emissions and empower their customers with new ways to monitor and manage their energy consumption. Silver Spring Networks provides the hardware, software and services that allow utilities to deploy and run advanced applications, including Smart Metering, Demand Response, Distribution Automation and Distributed Generation, over a single, unified network. Silver Spring Networks’ Smart Energy Network is based on open, Internet Protocol (IP) standards, allowing continuous, two-way communication between the utility and every device on the grid. Silver Spring Networks has deployments underway with leading utilities in the US and abroad, including Florida Power & Light, Pacific Gas & Electric, American Electric Power, Sacramento Municipal utility District, Pepco Holdings, Inc. and Jemena Electricity Networks Limited and United Energy Distribution in Australia, among others. In 2008, the World Economic Forum honored Silver Spring Networks as a Technology Pioneer. For additional information, please visit www.silverspringnetworks.com.
Silver Spring Networks
Lisa Magnuson, 415-531-9199
PR@silverspringnet.com
