June 7, 2012 | last updated June 7, 2012 11:26 am

World Energy CEO Resigns

Richard Domaleski, who founded Worcester-based World Energy Solutions in 1996 and took it public a decade later, has resigned, the company announced.

He will be replaced by Phil Adams, who has been company president for 10 years.

Domaleski remains World Energy's largest shareholder, and the announcement today portrayed the move as an amicable one.

"I'm very proud of my work at World Energy and what the company has grown into today," Domaleski said in the announcement. "Phil is the right person to lead World Energy in this important next phase of the company's evolution. He has been an integral part of World Energy for the last decade, helping take the company from a small startup to the profitable, national firm it is today."

Domaleski called himself "an entrepreneur at heart" and said he plans to continue to work with World Energy as a channel partner while he pursues new opportunities.

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