ThermoEnergy Corporation announced that on December 10, 2012, it entered into an executive employment with James F. Wood, pursuant to which Mr. Wood was appointed, effective as of January 2, 2013, as President and Chief Executive Officer. Also effective as of January 2, 2013, Mr. Wood was elected to Board of Directors and selected as Chairman of the Board. Mr. Wood will succeed Cary G. Bullock, who will retire as of January 2, 2013; Mr. Bullock will continue to serve as a non-employee member of Board of Directors.

In connection with his appointment, Mr. Wood was also appointed, effective as of January 2, 2013, as a member of the Board of Directors and Chief Executive Officer of subsidiary, Thermoenergy Power Systems, LLC, and as a member of the Board of Directors and President of subsidiary, CASTion Corporation. Mr. Wood, who is 70 years old, has served since October 2009 as Deputy Assistant Secretary for Clean Coal in the United States Department of Energy.