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Board of Directors
Charles Macaluso has served as Chairman of our Board of Directors since January 2008. Since 1998, Mr. Macaluso has been a principal of Dorchester Capital LLC, a management consulting and corporate advisory service firm focusing on operational assessment, strategic planning and workouts.
Mr. Macaluso currently serves as a director of the following public companies: Darling International Inc., where he serves as chairman of its nominating and corporate governance committee, and Pilgrim's Pride Corporation, where he serves on the audit committee. During the past five years, Mr. Macaluso also served as a director of Elder-Beerman Stores Corp, FLAG Telecom Group Limited and Global Crossing Limited. Mr. Macaluso is also a member of the National Association of Corporate Directors.
Mr. Macaluso has had a career focused on operational assessment, strategic planning, crisis management and turnaround advisory services, most recently with Dorchester Capital LLC. Dorchester Capital also has a significant commitment to representing the interests of investor groups as a member of the boards of directors at a diverse array of companies, and Mr. Macaluso brings with him a strong commitment to stockholders' interests. He also has extensive executive and financial expertise. In addition, Mr. Macaluso brings significant board expertise, including service as Chairman on a number of public and private company boards and committees.
Carl Bartoli has served as our Director since January 2008. Mr. Bartoli previously served as President and Chief Executive Officer of Foster Wheeler USA Corporation and Executive Vice President of Foster Wheeler International Corporation for 13 years. As President and Chief Executive Officer of Foster Wheeler USA Corporation, he was responsible for the Process Plant Division, the Fire Heater Division, Foster Wheeler Constructors Corporation and Foster Wheeler Environmental Corporation. This followed a career in project and construction management at ABB Lummus Global (now CB&I/Lummus) and M.W. Kellogg Company (now KBR, Inc.) covering virtually all facets of the engineering, procurement, and construction of power generation, process, pharmaceutical and infrastructure facilities.
Since his retirement from Foster Wheeler, Mr. Bartoli has established and serves as President of C. Bartoli Consultants, LLC serving the utility and process industry in the development and execution of capital projects. He has also participated in the preparation of strategic plans, organizational restructuring and acquisition due diligence of engineering and construction firms. Mr. Bartoli has been affiliated with the Construction Industry Institute (CII), a research organization serving the engineering and construction industry, as a member of the Board of Advisors and Executive Committee. Mr. Bartoli is also a member of the National Association of Corporate Directors.
Mr. Bartoli holds a Master of Science degree in Mechanical Engineering from Columbia University and a Bachelor of Science degree in Mechanical Engineering from Fairleigh Dickinson University.
Mr. Bartoli is an engineering and construction business executive with over 35 years of domestic and international experience in the process and utility industry. His experience covers all facets of the engineering and construction industry, including project management, project development, senior line management and executive P&L positions. Mr. Bartoli has also served on the boards of directors of a number of Foster Wheeler Corporation affiliated companies. Since his retirement from Foster Wheeler and the establishment of C. Bartoli Consultants, LLC, he has participated in many consulting assignments for the power generation, process and energy industries. He is also a consultant leader with the Gerson Lehrman Group in the energy and industrials sector and is an advisor to Anellotech, Inc., a company developing a cellulosic biomass conversion technology for the production of petrochemicals, and Sundrop Fuels, Inc., a gasification-based advanced biofuels company.
David A. B. Brown has served on our Board of Directors since June 2016. Mr. Brown is the Chairman of the Board of Directors of Layne Christensen Company and is a member of the Board of Directors of EMCOR Group, Inc. He is the former President and Chief Executive Officer of Layne Christensen and the former Chairman of the Board of Directors of Pride International, Inc. until it was acquired by Ensco plc in May 2011. A chartered accountant and CPA, Mr. Brown has been involved in the energy industry for the majority of his career and served on several other Boards. Mr. Brown earned his Bachelor of Commerce and a Masters in Accounting from McGill University and his MBA with Distinction from the Harvard Business School.
On March 23, 2015, Mr. Cryan was appointed President and CEO of Global Power Equipment Group Inc. Mr. Cryan has over 25 years of international business experience based in both the United States and Europe. From 2001 to 2015, Mr. Cryan served as Managing Director and Co-Founder of Concert Energy Partners, an investment and private equity firm based in New York City. From September 2012 to April 2013, Mr. Cryan also served as interim President and CEO of Uranium Resources, Inc. He also served as President and Chief Executive Officer of Medical Acoustics LLC from April 2007 through April 2010. Prior to 2001, Mr. Cryan was a Senior Managing Director in the Investment Banking Division at Bear Stearns. Earlier in his career, Mr. Cryan served as Managing Director, Energy & Natural Resources Industry Group Head and member of the Investment Banking Operating Committee at Paine Webber. Mr. Cryan joined Paine Webber from Kidder, Peabody following its acquisition in 1994. Mr. Cryan has been an adjunct professor at the Metropolitan College of New York Graduate School of Business and has served as a director of a number of international companies, including public companies such as Global Power Equipment Group Inc. (February 2008 to present), Ocean Power Technologies Inc. (October 2012 to present), Superior Drilling Products Inc. (June 2014 to present), Uranium Resources, Inc. (March 2006 to March 2016), Gryphon Gold Corp. (2008-2012) and Providence Services Corporation Inc. (2009-2011). In 2014, Mr. Cryan was named a Board Leadership Fellow by the National Association of Corporate Directors. Mr. Cryan holds a Master of Science degree in Economics from the London School of Economics and a Bachelor of Arts degree from Tufts University.
Linda A. Goodspeed has served on our Board of Directors since June 2016. Ms. Goodspeed is currently a Managing Partner at WealthStrategies Financial Advisors. She is an Independent Director at American Electric Power Corporation, Columbus McKinnon Corporation and AutoZone. Ms. Goodspeed retired in 2013 as Chief Information Officer (CIO) & Senior Vice President of The ServiceMaster Company. Prior to that, she was the CIO & Vice President of Information Systems at Nissan North America and also the Executive Vice President and Chief Technology and Supply Chain Logistics Officer at Lennox International. Ms. Goodspeed earned her B.S. in Mechanical Engineering from Michigan State University and has an MBA in International Finance from the University of Michigan.
David Keller has served on our Board of Directors since May 2015. From September 2009 until his retirement in June 2012, he served as our President, Chief Executive Officer and Director.
Mr. Keller previously served as an independent director of ThermoEnergy, Inc., a company engaged in the worldwide development, sales and commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. Mr. Keller served as the President and Chief Operating Officer of The Babcock & Wilcox Company (“B&W”), a wholly owned subsidiary of McDermott International, Inc., from March 2001 until his retirement in June 2007. During his tenure with B&W, Mr. Keller served as a Board Chairman or Director of subsidiaries and joint ventures in the People’s Republic of China, Denmark, the United Kingdom, Australia and South Africa.
Mr. Keller holds a Bachelor of Science degree in Mathematics from the University of Akron. He brings to the Board of Directors a comprehensive knowledge of the power generation industry. In addition to his experience and understanding in the industry, Mr. Keller also has significant executive management experience, having directly overseen sales, manufacturing, accounting, legal, supply chain and personnel functions of a business whose revenues reached approximately $2 billion under his management.
Robert B. Mills has served on our Board of Directors since October 8, 2015. Until his retirement earlier this year, Mr. Mills was Chief Operating Officer of Assured Guaranty, Ltd., the largest financial guaranty insurance company in the world, and was previously its Chief Financial Officer. Mr. Mills began his career at KPMG, where he progressed to partner and was later appointed National Practice Director for Investment Banking and Capital Markets. His career also included serving as Chief Operating Officer and Chief Financial Officer of the Americas Region for UBS, AG.
Mr. Mills was awarded a B.B.A in Accounting from Niagara University and is a Certified Public Accountant (CPA) and Certified Global Management Accountant (CGMA).
Michael E. Rescoe has served on our Board of Directors since August 2014. Mr. Rescoe held senior executive and chief financial officer positions at a number of companies, including Travelport Ltd, a privately-held travel services company, from November 2006 to October 2009, Tennessee Valley Authority, the largest public power provider in the U.S., from July 2003 to November 2006, 3Com Corporation, a global networking technology company specialized in voice and data applications, from April 2000 to November 2002, and PG&E Corporation, a power and natural gas energy holding company, from 1997 to 2000. Prior to that, Mr. Rescoe was a senior investment banker with Kidder, Peabody and a senior managing director of Bear Stearns specializing in the energy and utility sectors. From December 2003 to October 2011, Mr. Rescoe served as a director of Global Crossing Ltd., where he also served as chairman of the audit committee. Additionally, Mr. Rescoe served as a director of Darling International from May 2011 to February 2014, where he also served on the audit committee and the compensation committee.
Michael E. Salvati has served as our Director since August 2011. Since December 2000, Mr. Salvati has been President at Oakridge Consulting, Inc., which provides interim management, management consulting and corporate advisory services to companies ranging in size from start-ups to multinational corporations. From February 2004 to May 2004, Mr. Salvati served as Chief Financial Officer of AMI Semiconductor, Inc. From September 1998 to February 2000, Mr. Salvati was Executive Vice President—Chief Operating Officer of National Financial Partners, Corp. From June 1996 to June 1998, Mr. Salvati was Chief Financial Officer of Culligan Water Technologies, Inc., where he oversaw the completion of nearly 50 acquisitions over a period of 18 months. Mr. Salvati was a partner at KPMG Peat Marwick LLP from 1990 to 1996.
Mr. Salvati is a Certified Public Accountant and member of the American Institute of Certified Public Accountants, Illinois CPA Society. He currently serves as a member of the board of directors and Chair of the Audit Committee and member of the Compensation Committee of Apollo Commercial Real Estate Finance Inc., positions he has held since September 2009. Mr. Salvati's previous board memberships include Things Remembered, Inc., Lazydays, Inc., NCH Nu World Marketing, Ltd., Coho Energy, Inc., Prime Succession, Inc., and Castle Holdco 4, Ltd. Mr. Salvati is also a member of the National Association of Corporate Directors.
Mr. Salvati received a Bachelor of Science degree in Microbiology and a Master of Science degree in Accounting from the University of Illinois at Champaign-Urbana.
Mr. Salvati has significant experience in the area of corporate advisory services, with an emphasis on strategic planning, capital structure and mergers and acquisitions. In his prior executive positions he was directly responsible for managing acquisition-led growth within the relevant companies which are skills that we believe bring value to the Company. Mr. Salvati's service on multiple public and private company boards over the last twelve years provides us with valuable insights into many of the issues that we face, and useful perspectives in relation to compensation and corporate governance matters. Mr. Salvati, as a former auditor, has significant experience and expertise in finance, controls, accounting and audit matters.
Gary J. Taylor has served on our Board of Directors since October 8, 2015. Mr. Taylor is currently Chief Operating Officer of SERC Reliability Corporation, a nonprofit corporation responsible for promoting and improving the reliability and critical infrastructure of the bulk power system in the southeast United States. Additionally, he is a Principal of Enext Consulting, LLC. A nuclear engineer, Mr. Taylor had a successful career in the electric utility industry, having retired from Entergy Corporation in 2012 where he had advanced to Group President, Utility Operations after having served in progressive executive roles in its nuclear businesses, including Chief Executive Officer and Chief Nuclear Officer of Entergy Nuclear. He had previous experience at South Carolina Electric & Gas Company, Long Island Lighting Company and Babcock & Wilcox. Mr. Taylor has served on the Board of Directors for the Institute of Nuclear Power Operations, the American Nuclear Society and the Executive Committee of the Nuclear Energy Institute.
Mr. Taylor earned his B.S. in Physics from the Virginia Military Institute, an M.S. in Nuclear Science and Engineering from Virginia Polytechnic Institute and State University, and completed the Advanced Management Program at the Harvard Business School.
Nelson Obus has served on our Board of Directors since June 2016. Mr. Obus has co-managed Wynnefield Partners Small Cap Value L.P. since its inception in November 1992, Wynnefield Partners Small Cap Value L.P.I since its inception in July 1997 and the Wynnefield Small Cap Value Offshore Fund since its inception in January 1997. His principal responsibilities are as Chief Investment Officer. From February 1990 until September 1992, he was Research Director of Schafer Capital Management, Inc. and Schafer Cullen Management, Inc. Prior to that, Mr. Obus worked at Lazard Freres & Co. for eight years as an Analyst, Account Executive and Research Director in its institutional sales department.
Before coming to Wall Street, Mr. Obus worked as an educator and land manager in the environmental field. He taught natural history for the Massachusetts Audubon Society and was Director of Interpretive Services for the Massachusetts Department of Environmental Management beginning in 1977. He received a B.A. from New York University and a M.A. and A.B.D. from Brandeis University in Politics. Mr. Obus currently serves on the Board of Directors for Layne Christensen Co. and MK Acquisition LLC, and the Board of Advisors of the Bank of Princeton. He previously served on the Board of Directors of Breeze-Eastern Corporation and Underground Solutions, Inc. Mr. Obus serves on the Board of Directors of the Princeton Historical Society, Zionist Organization of America, Appalachian Mountain Club and the Advisory Board of the Stony Brook-Millstone Watershed Association.