Phil Flynn ─ Advisory Board Member
Mr. Flynn is one of the world’s leading energy market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. Phil Flynn’s precise and timely forecasts have come to be in great demand by industry and media worldwide. His impressive career goes back almost three decades, gaining attention with his market calls as writer of The Energy Report.
He is a daily contributor to Fox Business Network where he provides daily market updates and analysis. Phil’s daily commentary is also featured in Futures Magazine, International Business Times, Inside Futures, 312 Energy, Enercast, among many others.
Phil is a lifelong resident of Illinois. He attended Daley College in Chicago before beginning his career on the trading floor of the Chicago Mercantile Exchange which eventually led him and his team to The PRICE Futures Group.
Ted Murphy ─ Advisory Board Member
Ted has served in several senior level capacities in energy risk management. Most recently, he served as senior vice president and chief risk officer for Cinergy Corp (now Duke Energy) from August 2002 through March 2006. His responsibilities were the creation of risk management policies and development of risk mitigation strategies as well as risk analytics, insurance, internal audit and Sarbanes-Oxley compliance. Additionally, he developed Cinergy’s proprietary enterprise risk technology and enterprise risk warehouse. Prior to joining Cinergy, Ted held several positions at Enron from 1993 through 2002, serving as director of credit risk, vice president of market risk management, and chief risk officer of Enron Europe. He also was a vice-president of power marketing and trading for AIG Trading (now Sempra Energy) and director of credit risk management for Phibro Energy, the energy trading subsidiary of Citigroup.
Currently, Ted is providing consulting services to the energy risk management industry, and is a featured speaker at the Strategic Decision and Risk Management certificate program at Stanford University.
Brett A. Perlman -Advisory Member
Brett A. Perlman is currently President of Vector Advisors, a management consulting firm that provides services to telecommunications and energy clients. Prior to his current role, he served as Commissioner of the Public Utility Commission of Texas from 1999 to 2003.
Perlman was appointed to the Texas PUC in 1999 by then-Governor George W. Bush and served until his term ended in September 2003. In this role, he was responsible for leading the successful restructuring of Texas’ $17 billion electric utility industry and $4 billion telecommunications industry as these markets opened to competition.
As a result of Perlman’s leadership, Texas has been widely recognized as having the best electric restructuring program in the country and as one of the most successful competitive telecommunications markets. In addition, Perlman was the only publicly appointed official to serve throughout the entire Texas electric restructuring process and therefore has unparalleled insights into the Texas electric market.
Perlman’s current activities as President of Vector Advisors include providing management consulting services to telecommunications and energy clients. Recent engagements have included advising private equity firms, including Kravis Kohlberg and Roberts (KKR), Texas Pacific Group (TPG) and GE Capital on merger and acquisition issues, serving utilities such as Entergy, Consolidated Edison Solutions, and MidAmerican Energy and working on clean energy issues with entrepreneurial companies and academic institutions such as EnerNOC, Current Technologies and the Texas Center for Superconductivity at the University of Houston. He also founded and served on the Board of Directors of Vector ESP, $40 million venture-capital-backed IT services company until its sale to MTM Technologies last year.
Prior to his appointment to the Texas PUC, Perlman was a management consultant with the Texas office of McKinsey & Company, a global management consulting firm known for its leadership role in business consulting. At McKinsey, Perlman specialized in strategic planning for Fortune 500 technology companies in identifying new market opportunities and developing corporate strategies. Perlman has also practiced law with the Washington D.C. office of Akin, Gump, Strauss, Hauer & Feld and with the Houston office of Jenkens & Gilchrist.
Perlman has been actively involved in his community at both the state and local levels. He wrote a nationally recognized report for the state’s Science and Technology Council and provided strategic planning for the state’s Telecommunications Infrastructure Fund Board, which was responsible for Texas’ $1.5 billion fund for wiring schools for the Internet. Perlman also helped start the Houston Technology Center, where he serves on the Advisory Board, and is a Board member of the MIT Enterprise Forum of Houston.
A native of Houston, Perlman graduated Phi Beta Kappa in economics from Northwestern University in Evanston, Ill. He received a law degree from the University of Texas Law School where he was associate editor of the Texas Law Review. He also holds a master’s degree in public administration from the John F. Kennedy School of Government at Harvard University where he focused on business and policy issues involving information technology, telecommunications industry and the Internet.
He lives in Houston with his wife Cindy and three children, Brian and twins Hallie and Drew.
Craig Pirrong ─ Advisory Board Member
Dr Pirrong is Professor of Finance and Energy Markets Director for the Global Energy Management Institute. Craig was previously Watson Family Professor of Commodity and Financial Risk Management at Oklahoma State University, and a faculty member at the University of Michigan, the University of Chicago, and Washington University. Professor Pirrong’s research focuses on the organization of financial exchanges, competition between exchanges, commodity markets, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. Craig published 30 articles in professional publications, and is the author of three books.
He holds a Ph.D. in business economics from the University of Chicago, as well as an MBA and a BA in economics from Chicago. He has taught derivatives and risk management in the US, Europe, and China. Outside of academia, Dr. Pirrong helped pioneer the concept of the energy price data hub; has consulted with exchanges around the world; assisted in the design of major commodity futures contracts in the United States, Canada, and Europe; and has served as an expert in major litigations involving derivatives market manipulation, intellectual property in electronic trading systems and interfaces, bankruptcies involving derivatives, contract terminations under ISDA, and securities litigation involving valuation of complex derivative transactions.
Dr. Pirrong was recently named to the Commodity Futures Trading Commission’s Energy Market Advisory Committee, designed to provide a public forum to examine emerging issues related to the energy markets and the CFTC’s role in these markets under the Commodity Exchange Act.
Rob Eckardt ─ Advisory Board Member
Rob Eckardt is an angel investor and business advisor for early stage growth companies that develop and market innovative, disruptive products and services. He has over 25 years experience as a sales executive with technology solutions companies, most recently with Fusion-io (IPO in 2011) and 3PAR (IPO in 2007, acquired by Hewlett Packard (HPQ) in 2010). He was a board member at CygNet Software for five years leading to a successful M&A event in 2011 (sold to Weatherford International – NYSE:WFT). Rob actively supports education-centric non-profits such as the Evans Scholars Foundation and Quest Academy.
Bob Stibolt ─ Advisory Board Member
Bob Stibolt brings more than 30 years of experience in the energy industry covering topics ranging from economic evaluation and risk analysis for upstream oil & gas exploration and development opportunities to merchant power and LNG project development, long-dated structured energy transactions, energy trading, and risk management.
Mr. Stibolt is currently a senior managing director at the Houston-based Galway Group, LP and a senior managing director of Galway Capital, LP. Through Galway Group, LP’s wholly owned subsidiary Galway Energy Advisors, LLC, Mr. Stibolt serves clients in upstream and midstream oil & gas, LNG, and energy marketing & trading. He has also served as Global Finance Advisor to the New Zealand-based Tukia Group and serves on the board of directors of the Denkmann Companies.
Prior to his current position, Mr. Stibolt was senior managing director and chief risk officer of Bear Energy LP and, following the merger of the Bear Stearns Companies, Inc., into JP Morgan Chase, managing director in the JP Morgan Global Commodities Market Risk organization.
Earlier in his career, Mr. Stibolt was senior vice president of strategy, portfolio & risk management for Suez Energy North America, Inc., vice president of risk strategy for Sonat Energy Services, senior associate and subsequently a principal with Strategic Decisions Group, manager of decision analysis for Atlantic Richfield Company, and project manager with Natomas Company.
Mr. Stibolt has been invited to testify on various energy issues by both the U.S. Congress and the FERC. He was among the founders of the Committee of Chief Risk Officers (CCRO) as SUEZ Energy’s representative, and has published several articles on the topics of real options and risk management. His most recent publication, “A Practitioner’s Perspective on Modeling Prices and Trade in a Globalizing Natural Gas Market,” appeared in a special issue of The Energy Journal in 2009
Mr. Stibolt holds a BSE degree from Princeton University in aerospace & mechanical sciences/ engineering-physics and an MS degree from Stanford University in management science & engineering
Michael Rauchman ─ Advisory Board Member
Michael Rauchman has over 25 years of experience as a business leader and technologist. He currently helps a number of early stage businesses as an investor and adviser. For more than a decade (2001-20012) Michael served as a member of the Senior Management Team for GETCO, a pioneer electronic trading firm. There he held the position of Chief Technology Officer as well as Global Head of Foreign Exchange Trading, Head of Americas Equities Trading and Technical Architect. As a detail-oriented hands-on leader Michael was central to development of many trading strategies as well as the underlying software architecture and code.
Bob Green – Advisory Board Member
Bob is a former Fortune 100 CEO in the energy, telecom, and utility industries, and has extensive experience in operations, strategy, capital markets, and mergers and acquisitions. He has served on the boards of directors of seven publicly traded companies, five of which he was elected Chairman of the Board.
Bob is currently a Partner at Husch Blackwell in Kansas City, MO, after joining the firm from Utilicorp United, later known as Aquila. Bob leads his family office and is an active private equity and venture capital investor. He is the Founder and Chairman of Smart of Warehousing and a Director of Quest Inspar. Bob also sits on Five Elms’ LP Advisory Board.He has a Bachelor of Science & Engineering degree from Princeton University and a JD from Vanderbilt University.
Tom Price – Advisory Board Member
Tom Price is Co-Chairman of Price Holdings, Inc., an employee-owned financial services firm that is home to associate companies such as Price Asset Management, Uhlmann Price Securities, and The PRICE Futures Group.Tom was also the president of Price Capital Markets Inc., a registered CTA from February 1997 to August 2013. He was responsible for overseeing all trading decisions. He currently serves as CEO of Beeland Management Company, LLC since January of 2003. Mr. Price is a graduate of the University of Texas and is also a licensed FINRA and NFA principal.