Lime Energy has hired Mary Colleeen Brennan of LW Dogwood Marketing to be its chief financial officer. She will replace Jeffrey Mistarz, who will step down after Lime reports its first-quarter earnings in mid-May.<br /><br />Mistarz was CFO at Lime for 13 years. In July 2012, he discovered that the company had misreported revenue for several years. After a year-long intern investigation, the company reported it had misreported $31.6 million in revenue from May 2008 to December 2011.<br /><br />Lime said $14.2 million of the misreported revenue was simply false. The remaining $17.2 million was reported before it was actually received.<br /><br />Lime announced in January that Mistarz planned to resign. Originally he expected to step down in late March or early April after the company reported 2013 earnings. But he stayed on until the company found a replacement.<br /><br />Lime says Brennan, 61, has been a financial and management consultant at LW Dogwood since March 2011. From December 2001 until March 2011 she was the chief financial officer and corporate treasurer of Han-Padron Associates.<br /><br />She signed an employment agreement with Lime this week. Her base salary will be at least $220,000, according to that agreement, She will get a hiring bonus of $10,000 and a grant of 5,000 shares of restricted stock that will vest over the next three years if she is working for Lime at the end of that time.<br /><br />She will start on the day Mistarz leaves.