PACIFIC INSTITUTE BOARD OF DIRECTORS STATEMENT

February 27, 2012

PACIFIC INSTITUTE BOARD OF DIRECTORS STATEMENT

The Board of Directors of the Pacific Institute is deeply concerned regarding recent events involving its president, Dr. Peter Gleick, and has hired an independent firm to review the allegations. The Board has agreed to Dr. Gleick’s request for a temporary leave of absence. Following a distinguished career in energy and environmental policy, Elena Schmid has been appointed as the Acting Executive Director. The Pacific Institute will continue in its vital mission to advance environmental protection, economic development, and social equity.