Eric Murray has been selected by the Board of Directors of Tantalus Systems Corp. as the company's new president and CEO, effective August 1, 2009. He succeeds Dr Dominic Geraghty, who after two and a half years of leading Tantalus was elected Executive Chairman of the Board.

"Eric takes over at an important time in Tantalus growth," said Geraghty. "His diligence and vision as president and, prior to that, as leader of our sales efforts were instrumental in achieving many milestones, and set a corporate standard for excellence, accountability and delivering innovation at the forefront of customer needs."

Murray has been an integral part of the Tantalus executive team since joining the company in 2003. He has more than 20 years experience in the power industry, including senior executive positions responsible for sales and strategic initiatives in the utility and communications sectors. He is a professional engineer and holds an MBA.

Geraghty takes over the chair from John McEwen, president of Discovery Capital and an early investor in Tantalus, who will be vice-chairman of the Board, continuing to provide counsel on business strategy.  

"Dom's wealth of experience with high growth, high technology companies guided us through a crucial stage in Tantalus' financial and business development," said McEwen. "His efforts have paid off in innumerable ways and positioned us solidly as a leader in the smart grid sector."