EnerNOC executive departs today
The chief operating officer of EnerNOC, a Boston energy-management company, is resigning today, the company reported yesterday.
Darren P. Brady, who joined EnerNOC in 2008, has been responsible for the operations, engineering, and information technology teams. He also helped support EnerNOC’s expansion into new markets.
Brady and the company last week “agreed that Mr. Brady would resign,’’ according to documents filed with regulators. A reason for his departure was not given.
The company’s chief executive, Tim Healy, called Brady’s departure a “natural succession of events.’’
“Darren has been a great employee to EnerNOC for three-plus years,’’ he said yesterday. “There’s no animosity or ill will.’’
Brady earned just over $993,000 in 2009, according to the company’s financial reports.
His severance will include a $200,000 lump-sum payment, the company said.
Brady will act temporarily act as a consultant to EnerNOC during an unspecified transition period. He will be paid $25,000 a month for those services.
EnerNOC recently paid more than $30 million to acquire M2M Communications, an Idaho-based wireless technology company. It works with utilities in the Midwest and California.
EnerNOC’s most recent earnings report showed that its net income grew 65 percent to $43.9 million in the three months that ended on Sept. 30.