GreenGap Energies Personnel

GREENGAP PERSONNEL

OVER 120 YEARS EXPERIENCE FOCUSED ON SHARED VISION

GreenGap is staffed and structured to execute. Our executives possess over 120 years collective experience in acquiring and managing growth companies in the energy, environmental, and technology sectors gained from successful backgrounds in private equity, investment banking, M&A, strategic consulting, technology, manufacturing, marketing, operations and finance.

CORPORATE TEAM

John E. Richardson, Jr.
Founder, Chairman, and Chief Executive Officer
Mr. Richardson has over 25 years of operating, restructuring, and advisory experience accumulated in the technology, power generation, and security industries. Prior to founding GreenGap Energies Corp., Mr. Richardson was responsible for the carve-out and divestiture of over 1,000 MW of non-nuclear power generation assets from United Illuminating (NYSE: UIL) to Wisconsin Energy (NYSE: WEC). He engineered the acquisition and restructuring of GE Capital Rescom, and co-founded the security company SentryPort Technologies which he also led as Chairman and CEO. John’s leadership experience also includes positions as CEO of Percipia, a telecommunications company; Senior Vice President of Operations for GRS Networks, an internet-based travel and hospitality company; multiple executive roles at ventures of the Connecticut Development Authority; and service as interim director of a distressed Connecticut state agency focused on residential energy and human services programs. Mr. Richardson has guided dozens of early-stage technology endeavors through operational deployment, business development, product launch, funding, and M&A cycles. He regularly occupies advisory positions on several technology organizational boards and is a member of the Association of Former Intelligence Officers.

Robert J. Reale
President and BioPower Group Executive
Mr. Reale brings a wealth of energy and environmental industry experience and the investment, operating, and restructuring skill relevant to numerous facets of GreenGap’s business model. Bob comes to GreenGap having spent the previous eight years as a senior partner at MapleWood Partners, a middle-market private equity firm where he led turnaround and strategic planning activities as a Board member of each portfolio company and participated in the diligence, structuring, and financing of all acquisitions. In addition to his private equity experience, Mr. Reale has 13 years of executive leadership experience at three companies operating in the energy and environmental sectors. Bob served as President and CEO of Montenay International Corporation, an energy, environmental, and construction firm employing 1,500 people and generating over 150 MW of electricity and $380 million in annual revenue. He led the restructuring of Montenay by divesting non-strategic assets and refinancing four projects of approximately $400 million combined value. As President and CEO of JWP Energy & Environment, Inc., Mr. Reale led the acquisition and integration of 14 companies to build a combined operation generating $480 million in annual revenue. Bob also founded and led environmental remediation and construction firm Invatech Corporation from initial concept though multiple acquisitions to form an integrated company employing over 600 people in seven facilities generating $100 million of annual revenue. Earlier in his career, Mr. Reale spent 15 years at International Paper Company where he rose to the position of Vice President and Group Executive with full P&L responsibility for a $900 million paper and packaging products division employing 4,000 employees across 12 facilities. Mr. Reale holds a BS in Engineering from Hofstra University, an MS in Management Science from the Polytechnic Institute of Brooklyn, and an Executive MBA from the Amos Tuck School of Business at Dartmouth University.

Scott M. Schecter, CPA
Chief Financial Officer
Mr. Schecter has extensive experience in the energy technology sector spanning emissions controls, fuel cells, air biofuels, advanced materials, and solar photovoltaics. Prior to joining GreenGap, Mr. Schecter was CEO of HydroGen, a publicly-traded developer of multi-megawatt fuel cell systems. Scott’s was previously CFO of Clean Diesel Technologies, Inc., a publicly-traded development stage company offering fuel-borne catalysts and specialty chemicals used to reduce carbon and other emissions of internal combustion engines. He joined Clean Diesel following ten years at Fuel-Tech Inc. where he held the positions of CFO and Treasurer. Fuel-Tech is a publicly-traded emissions control and fuel treatment technology company addressing stationary combustion energy generation markets. In 1990, Mr. Schecter participated in the buyout of American Vision Centers, Inc., and thereafter served as that company’s Senior Vice President and Chief Financial Officer. Prior to this, he was a corporate development officer at W.R. Grace & Co. focusing on acquisitions, strategic investments, and divestitures. From 2005 to 2009, Mr. Schecter served as a Director and Chairman of the Audit Committee of DayStar Technologies, Inc. (NASDAQ:DSTI), a manufacturer and developer of photovoltaic solar products. Scott earned a BS degree in Accounting at the State University of New York and an MBA with a double concentration in Finance and Entrepreneurial Management from The Wharton School at the University of Pennsylvania.

Stephen B. Elliott
Executive Vice President, Marketing
Mr. Elliott has over 30 years of experience in corporate and investor communications, product marketing, and government relations servicing energy, technology, consumer, financial, and government clients worldwide. Following eight years of New York City daily newspaper and advertising agency experience, Mr. Elliott joined W.R. Grace & Co., where he rose over 12 years to become Vice President of Advertising responsible for all corporate, issue and financial advertising. In 1986, he formed The Chetwood Company, a marketing consultancy serving senior management of large and mid-cap companies and for the next two decades, he helped raise capital and market products for consumer, financial and industrial clients throughout the US, Europe, Russia and the Middle East. Mr. Elliott’s work in the energy sector includes marketing projects for US and foreign oil and power producers including Entergy Corp., El Paso Energy and two Russian multinationals: Lukoil and United Energy Services, the world’s fourth largest power producer. Mr. Elliott is a graduate of Brown University and holds a masters degree in Journalism from the University of Iowa.

Kelly S. Walters
Executive Vice President, Corporate Development
Mr. Walters brings nearly 15 years of sector-relevant corporate finance and development experience as an investment banker with Lehman Brothers, Morgan Joseph & Co., ThinkEquity Partners, and Bathgate Capital Partners as well as corporate planning, development, and financial management experience at Fortune 500 firms Lexmark International, Inc. and Providian Corp. Most recently, Mr. Walters was a Principal in the Greentech and Enabling Technologies group at ThinkEquity Partners focused exclusively on servicing the strategic growth needs of high-technology corporate clients in the alternative energy, clean technologies, and related advanced materials sectors. He serves on the board of directors of CVD Equipment Corp. (NasdaqCM:CVV), a provider of process solutions for the solar, semiconductor, nanotechnology, optoelectronic, and MEMS markets. He is also founder of Walters Advisory LLC, a strategic and management consultancy primarily serving the energy technology sector. Mr. Walters earned an MA at the Patterson School of Diplomacy & International Commerce as well as an MBA with distinction at the University of Kentucky. He is a Chartered Financial Analyst (CFA) charterholder and a Certified Management Accountant (CMA).

Dr. Kenneth Rosen
Chief Technical Officer and Acting Wind Group Executive
Dr. Rosen has over 45 years of experience in propulsion and aerothermodynamics having direct transferability to wind, hydropower, and other energy-related turbine applications. Dr. Rosen advanced through a series senior engineering and management positions over 38 years at United Technologies Corporation including Vice President of Research & Engineering and Advanced Programs & Processes with responsibility for major helicopter and UAV V/STOL programs at both Pratt & Whitney and Sikorsky. His expertise includes advanced propulsion systems, transmission/rotor design, turbo-machinery, systems engineering/integration, product/program/business development, engine installation design, pneumodynamics, icing, and aerothermodynamics. Dr. Rosen is member of the National Academy of Engineering and a Fellow of the Royal Aeronautical Society. In addition, he is a member of NASA’s Aeronautics and Space Transportation Technology Advisory Committee, the SAE Aerospace Council, and the NRC Assessment Panel on Air and Ground Vehicle Technology, among other appointments. Dr. Rosen holds five US patents and has authored numerous authoritative papers on helicopter design, product development, propulsion, aerothermodynamics, and systems engineering. Dr. Rosen earned MS and PhD degrees in Mechanical Engineering at Rensselaer Polytechnic Institute and is a graduate of the Advanced Management Program (AMP) at Harvard Business School.

Craig Stauffer
Vice President and Solar Group Executive
Mr. Stauffer is a serial entrepreneur, inventor, and an experienced solar energy executive with a 30-year track record of success in the semiconductor equipment industry. Most recently a director and Vice President of Finance and Business Development at Solar Junction, Mr. Stauffer brings strong operating experience with particular emphasis on strategy, development, and marketing. Craig founded Genesis, a semiconductor equipment company in the photolithography space which sustained 30% annual compound growth over a 10-year period under his leadership as Chairman and CEO. He has held leadership and technical positions at GCA Corporation, General Signal, Applied Materials, and CVC Products and was a Principal with strategy and M&A advisory firm The U-Group. Mr. Stauffer holds six US patents and has published and presented numerous technical papers at semiconductor industry symposia worldwide.

Richard Trifan
Vice President, Strategic Supply Chain and Distribution
Mr. Trifan is a supply chain process optimization specialist who has served as Director of Global Supply Chain for Conair Corporation and as the Supply Chain Practice Leader / ERP Technologies for BDO Seidman LLP. He has consulted on logistics and supply chain projects for Amtrak, Diam International, Tallan Inc., and has held similar positions at Colgate-Palmolive, Nabisco-Kraft, the Keebler-Kellogg brands, and Reckitt-Benckiser. He is an expert in enterprise systems migration and implementations for the enhancement of financial controls and performance as well as change management and post-merger integration. He is a member of Council of Logistics Management, the American Production and Inventory Control Society (APICS), a Greenbelt in the Six Sigma and 5S disciplines, and is ITIL-certified to lead global IT initiatives. Mr. Trifan holds an MBA in Marketing as well as a BBA in Management IT and Finance from Fairleigh Dickinson University.

ADVISORY BOARD

Lawrence McQuade is Chairman of Qualitas International and serves as a Director of Oxford Analytica, Inc. as well as Quixote Corp. Mr. McQuade formerly held the positions of Vice Chairman of Prudential Mutual Funds Management, Inc., Executive Vice President and Director of W.R. Grace & Co., and CEO of Procon Inc., an engineering and construction company which built petroleum and chemical plants including the world’s then-largest LNG facility in Brunei. A Rhodes Scholar and a graduate of Yale, Oxford and Harvard Law School, Mr. McQuade practiced law at Sullivan & Cromwell and served in the Pentagon before being named Assistant Secretary at the US Department of Commerce during the Johnson Administration. He is a member of the Council on Foreign Relations and a founding partner of River Capital International LLC. Mr. McQuade’s investment interests focus in large part on energy-related opportunities in both the US and abroad. GreenGaps’ strategic objectives of developing the first efficient aggregation of clean energy companies and contributing to US energy security and independence attracted Mr. McQuade to the company’s advisory board.

Diane Finnerty is a senior investment advisor at Morgan Stanley Smith Barney and founder and former owner of two highly successful investment management firms, Ventur Asset Management and Ventur Wealth Management serving high net worth individuals, families, foundations, corporations, and non-profit organizations.

Stephen F. Nagy is Senior Managing Director of Greenwich Management Group, a leading venture development and advisory firm. Mr. Nagy is an expert in consolidating growth businesses via acquisition and guiding them through funding, development, integration, and liquidity stages, having overseen IPOs and other financings ranging from $25-100 million and roll-up transactions valued up to $250 million. Prior to founding Greenwich Management Group, Mr. Nagy was a partner at private equity and venture capital firm Foster Management Company and a founding Vice President of the Technology Management Services Group at Booz Allen Hamilton focusing on the energy sector.

George S. Goldberger is Chief Financial Officer of Progenitor Cell Therapy LLC. Earlier in his career, Mr. Goldberger directed M&A work for Figgie International, a diversified industrial company, and prior to that, he served as an Assistant to J. Peter Grace, then Chairman and CEO of W.R. Grace & Co. with responsibilities for corporate development and financial management in the US and Far East. An MBA graduate from the Wharton School, Mr. Goldberger began his career as a management consultant with Booz Allen Hamilton and currently serves as Chairman of Citizens Against Government Waste, a Washington-based, non-profit organization focused on government deficit and debt reduction.

Bill F. Leimkuhler has over 25 years experience as a corporate attorney, investment banker, and engineer focusing on the formation and growth of technology companies. He currently serves as Director of Business Development and General Counsel at Paice Corp., a developer of an advanced hybrid-electric drivetrain systems and advises emerging growth companies regarding corporate and business development matters. He was formerly General Counsel and an investment banker with Allen & Company after practicing corporate law for ten years with Cahill Gordon and Werbel & Carnelutti in New York. Mr. Leimkuhler holds advanced engineering degrees from MIT and has broad experience in wind, hydrogen, and biofuels. He is a member of the Board of Directors of publicly-traded energy engineering services firm Argan, Inc. as well as Speedus Corp. US Neurosurgical Inc., and Integral Systems Inc.

Reed Rubinstein is an attorney with and shareholder of Greenberg Traurig LLP. He is based in the firm’s Washington, DC office and serves as outside counsel for GreenGap Energies Corp. Mr. Rubenstein’s experience spans Greenberg’s environmental, climate change, nanotechnology, and energy & natural resources practice areas and his areas of concentration include corporate, litigation, and environmental and administrative law. Greenberg Traurig LLP is a full-service law firm with more than 1,750 attorneys and governmental affairs professionals in the US, Europe and Asia.

GreenGap Energies Corp. • 51 East 42nd Street • 11th Floor • New York, NY • 10017