Ambit Energy Announces Jim Timmer as New Chief Financial Officer

Business Articles | April 12, 2007

Ambit Energy today named Jim Timmer as its new Chief Financial Officer. Mr. Timmer will also serve as a member of Ambit’s executive management team.

Mr. Timmer is a seasoned executive with more than two decades of experience in senior finance and operational roles. Mr. Timmer has served as Chief Financial Officer of airBand Communications, Birch Telecom and Excel Communications, a $1.6 billion entity

While at Excel, Mr. Timmer also served as Interim Chief Operating Officer and was instrumental in formulating direct sale compensation plans. Prior to joining Excel, Mr. Timmer served as Vice President of Finance at Verizon, a $26 billion entity, where he held various leadership roles over a 20 year period.

“We are extremely pleased to have Jim join our management team. He has a strong reputation in the financial community and a rich understanding of the financial controls required in a fast growing organization,” said Jere Thompson, Jr., Ambit Energy’s Chief Executive Officer. “Jim provides us the financial expertise, systems knowledge and discipline Ambit needs as we go through this exciting period of rapid growth.”

About Ambit EnergyAmbit Energy, L.P. is a Retail Electric Provider (”REP”) based in Dallas, Texas. Ambit provides electricity services to residential customers in deregulated Texas markets. Ambit acquires customers through a network of independent consultants.

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Smoky is a regular contributing editor of Energy Consultants, Inc. As Founding Consultants of Ambit Energy in Dallas, TX, Smoky shares information about how to save money and lower your energy bills. With Ambit Energy's move into the New York energy market there are now more people to show how to lower their energy bills