Mr. Fryling has an extensive 34 year career in the energy business.
Until 2000 he was the President and Chief Operating Officer of NYSE listed CMS Energy (‘CMS’), a US$15 billion diversified energy company, and owner of Consumers Energy. At CMS for over 14 years, he held various officer positions including Strategic and Financial Planning, Investor Relations, Chief Financial Officer and President and Chief Operating Officer.
In 2001, Mr. Fryling became the Chairman of Renewable Energy Systems Inc. (‘RES’), the US wind farm business of the McAlpine family. Under his guidance, RES has grown significantly in both assets and operating profits to become one of the most successful renewable energy companies in North America.
He was an early stage investor in Basin Water Inc. in California and joined the board to complete the company’s initial public offering on NASDAQ in May 2006.
Mr. Fryling holds degrees in Business Administration and Finance from Wayne State University, USA.
Mr. Hunstad is a finance professional with over 25 years of experience with both public and private companies, predominantly in the energy industry. During this time, Mr. Hunstad has had significant experience in managing complex projects from initiation through to completion.
Mr. Hunstad also has significant experience in matters related to acquisitions and divestitures, financing, regulatory compliance and investor relations.
From 2000 to 2006, Mr. Hunstad has provided consulting services to the energy industry on matters related to regulatory permitting, transmission and fuel planning, financing, procurement, construction management, coordination of internal and external consultants and evaluation of private placements and acquisitions.
From 1996 to 1999, Mr. Hunstad was Vice-President and Chief Financial Officer of Cogeneration Corporation of America. He was responsible for all aspects of the Company’s financial management from its emergence from bankruptcy in 1996 through to the sale of the company in 1999.
From 1992 to 1996, Mr. Hunstad held a number of management positions with NRG Energy Inc. Mr. Hunstad holds a Masters Degree in Business Administration from the University of South Dakota, USA.
Mr. Reynolds is a senior power industry professional, with a career spanning over 20 years, much of it occupying executive positions in some of Europe’s largest power utilities. From 2004 to April 2006, Mr. Reynolds was Chairman of Carron Energy, a company formed to acquire Uskmouth Power Station, a 363 MW net coal fired power station near Newport in South Wales.
From 2000 to 2003, Mr. Reynolds was Chief Executive Officer of Endesa Europe, responsible for all of Endesa’s European operations. His principal achievements were the setting up of a European management team, the successful €8 billion expansion of the European business base, consisting of 10,000 MW of power asset acquisitions.
Between 1997 and 2000, Mr. Reynolds was President and Chief Executive Officer of Sithe Energies Europe, the power subsidiary of Vivendi. He established Sithe Europe and formed a team to expand Vivendi’s European, Middle East and Africa energy portfolio.
From 1996 to 1997, Mr. Reynolds was European Director for National Power, responsible for all other National Power’s business development and asset management operations on mainland Western Europe, Central and Eastern Europe and North Africa.
Mr. Reynolds holds a Bachelor of Science in Chemical Engineering (Honours) and a Post Graduate Diploma in Business Studies, both from Birmingham University.
Mr. Lambie, the Chief Executive Officer of Welsh Power Group Limited, has over 25 years’ experience in the commercial arena of energy, specifically in oil, gas and electricity.
In December 2003, he left Endesa Europa to focus on the development of Carron Energy, a company which he founded in February 2003 to target the acquisition of generation assets in the UK and Europe.
Mr. Lambie has significant private and public company experience, having held directorships in various companies including Amsterdam Power Exchange from 2001 to 2004 and Endesa Netherlands and Endesa France from 2002 to 2004. He has also held senior executive positions with Endesa SA, British Gas, National Power Plc, Amec Plc, Dawson International Inc and George Wimpey Plc and was a member of the Supervisory Board of the Amsterdam Power Exchange and on Endex, the futures exchange.
Mr. Lambie has wide experience in bottom line management, corporate development, business planning and large scale merger and acquisitions including post acquisition integration.
Mr. Lambie has been actively involved in the privatisation and opening up of energy markets starting with the privatisation of the Central Electricity Generating Board in the UK through to the un-bundling of integrated energy utilities in the Netherlands, France, Germany and Spain.