Governance

Board of Directors

David Kerr , Chairman and Independent Director

David Kerr is the Chief Executive Officer of Thorium Power Canada Inc. He currently serves as director of Magellan Fuel Solutions Inc. and as director of Algonquin Power Management Inc. David was a founder and executive of Algonquin Power Income Fund from 1996 to 2010 and served as head of safety and environmental compliance from 1996 to 2010. Mr. Kerr holds a B.Sc. Honours from the University of Western Ontario.

Michael Fallquist , CEO & Director

Michael Fallquist is the Founder and Chief Executive Officer of Crius Energy. Mr. Fallquist has extensive experience in the retail energy industry having formerly served as Chief Operating Officer of Commerce Energy and Founder and Chief Executive Officer of Viridian Energy.

Beyond the retail energy industry, Mr. Fallquist has held various roles in commodities, finance and consulting including work for the Macquarie Group in Australia and in the United States, Deloitte Consulting and Towers Perrin.

Mr. Fallquist earned an MBA from Cornell University and a B.A. in Economics from Colgate University. He was named an Ernst & Young Entrepreneur of the Year® 2012 award winner in New York, Cleantech category.

James A. Ajello , Independent Director

After serving as the Chief Financial Officer for Hawaiian Electric Industries, Inc. (NYSE: HE) (HEI) for more than eight years, James A. Ajello retired from HEI and joined the board of directors of its subsidiary, American Savings Bank, in April 2017.

Mr. Ajello’s prior experience also includes serving Reliant Energy Inc. from 2000 to 2009, most recently as Senior Vice President of Business Development and also as Senior Vice President and General Manager of Commercial and Industrial Marketing and President of Reliant Energy Solutions LLC. In addition, Mr. Ajello was a Senior Banker/Managing Director of the Energy and Natural Resources Group of UBS Warburg/UBS Securities LLC and affiliates from 1984 to 1998. Currently, Mr. Ajello is chairman of the U.S. Department of Energy’s Environmental Management Advisory Board and serves on the board of trustees of Hawaii Pacific University and its affiliate, The Oceanic Institute. Mr. Ajello also serves on the Board of the HEI Community Foundation and is a member of the Board of Trustees of Enterprise Honolulu (Oahu Economic Development Board).

Mr. Ajello holds a bachelor’s degree from the State University of New York, an M.P.A. from Syracuse University and is a graduate of the Advanced Management Program of the European Institute of Business Administration in Fontainebleau, France.

Brian Burden , Independent Director

Prior to joining the Crius board, Brian was the Chief Financial Officer of TransAlta Corporation from 2005 to 2010. Before joining TransAlta, Brian was the Chief Financial Officer of Molson from 2002 to 2005, a senior finance executive at Diageo PLC from 1997 to 2002 and a Finance Director of United Distillers in the United Kingdom from 1989 to 1997.

Mr. Burden holds a diploma in Business Studies from Rotherham College and is a member of the Associated Chartered Institute of Management Accountants of the United Kingdom.

Robert Huggard , Independent Director

Robert Huggard is currently the President and CEO of The Ontario Energy Association. Robert’s prior experience includes leading Direct Energy as President of Home and Business Services from 2008 to 2009, as President of Canadian Operations from 2005 to 2007 and as Executive Vice President from 2002 to 2005.

Prior to joining Direct Energy, Robert was the Vice President and General Manager of Home and Business Services at Enbridge from 1999 to 2002, the Vice President of Retail Services at Enbridge Gas Distribution from 1997 to 1999 and the Vice President of Marketing at Enbridge Gas Distribution from 1994 to 1997. Additionally, he was Chairman and director of SCITI TR Limited and the Trustee of SCITI Total Return Trust from May 2006 to May 2011, and was the CEO of the Administrative Agent of The Consumers’ Waterheater Income Fund from 2002 to 2006.

Robert holds a B.A. Honours (Economics) from Dartmouth College, an M.B.A. from the Schulich School of Business and an ICD.D Certification from the Institute of Corporate Directors.

Daniel Sullivan , Independent Director

Daniel Sullivan is a director of the Ontario Teachers’ Pension Plan, Allied Properties Real Estate Investment Trust and IMP Group International Inc. He was appointed by the Right Honourable Stephen Harper, Prime Minister of Canada, as Consul General for Canada in New York from 2006 to 2011. Prior to Daniel’s appointment as Consul General for Canada, he was Deputy Chairman of Scotia Capital Inc., the corporate and investment banking division of Scotiabank, where he had a successful 38 year career.

Daniel served as Chair and Director of the Toronto Stock Exchange from 1999 to 2002 and was the former Chairman of the Investment Dealers Association of Canada from 1991 to 1992. He is also a former Director of a number of public companies, including Allstream Inc., Cadillac Fairview Corporation, Camco Inc., Monarch Development Corporation and Schneider Corporation.

Daniel has served on advisory boards or committees of Canada Post Corporation, Canada Deposit Insurance Corporation, the Canadian Securities Administrators and the Ontario Securities Commission. He was also Chairman of the Board of Directors of St. Michael’s Hospital from 1994 to 2000. Daniel has been a Director of a number of arts, educational and community organizations, including the National Ballet Company of Canada, CanStage, and the St. Lawrence Centre.

Mr. Sullivan holds a B.A. and an M.B.A. from Columbia University and an M.B.A. from University of Toronto.

Company Officers

Michael Fallquist , Chief Executive Officer

Michael Fallquist is the Founder and Chief Executive Officer of Crius Energy. Mr. Fallquist has extensive experience in the retail energy industry having formerly served as Chief Operating Officer of Commerce Energy and Founder and Chief Executive Officer of Viridian Energy.

Beyond the retail energy industry, Mr. Fallquist has held various roles in commodities, finance and consulting including work for the Macquarie Group in Australia and in the United States, Deloitte Consulting and Towers Perrin.
Mr. Fallquist earned an MBA from Cornell University and a B.A. in Economics from Colgate University. He was named an Ernst & Young Entrepreneur of the Year® 2012 award winner in New York, Cleantech category.

Roop S. Bhullar , Chief Financial Officer

In his current role of CFO, Roop Bhullar is responsible for all aspects of finance, accounting and treasury with the overall goal of growing the business in a profitable and sustainable manner.
Prior to joining Crius Energy, Roop was the finance director of Commerce Energy, a publicly traded retail energy provider with more than 150,000 customers in 10 states, where he was responsible for the accounting, treasury and financial planning, and analysis functions. Before Commerce Energy, Roop worked as the financial controller of King Country Energy, a publicly traded electric supplier and as a tax manager at Deloitte, where he provided consulting advice to energy clients and co-headed up the specialist M&A group.
Roop earned two bachelor’s degrees from the University of Waikato in New Zealand, in Management Studies (accounting) and Laws (corporate and commercial law), and an MBA in Finance & Strategy from the UCLA Anderson School of Management.

Barbara Clay , Chief Legal Officer

Barbara brings more than 18 years of legal experience to her job as Chief Legal Officer; she is responsible for all aspects of the company’s legal, compliance and corporate communication functions.

Prior to joining Crius Energy, Barbara was Vice President and Senior Counsel at MasterCard where she created the M&A legal function and assisted the newly formed public company to create a proper best in class Board and Governance function and SEC filing program. Prior to MasterCard, Barbara was Counsel at Boies, Schiller & Flexner in Manhattan where she concentrated on complex corporate matters, contractual issues and M&A. At Boies, she assisted her client, Caithness Energy, to win a 30-year PPA from LIPA and to build a 350-megawatt natural gas power plant in Bellport Long Island.

Barbara earned two degrees from Rutgers University, a bachelor's degree in Environmental Sciences and a master's degree in Environmental Sciences that she attained through a graduate fellowship in the Biochemical and Chemical Engineering Department. Barbara earned her J.D. at Pace Law School, with a certificate in Environmental Law.

Chaitu Parikh , Chief Operating Officer

Chaitu Parikh is Chief Operating Officer with responsibility for Crius Energy’s business development activities. A 19-year veteran of the retail energy industry, Chaitu complements our Management Team’s ongoing efforts to grow Crius Energy through consolidation within the industry and maximize the potential of our family-of-brands platform.

Prior to joining Crius Energy, Chaitu spent ten years with MXenergy, a leading supplier of power, natural gas and energy products and services for homes and businesses across North America, where he served as Executive Vice-President and Chief Financial Officer before being appointed President and CEO in 2011. His accomplishments included developing business strategy, acquisition and integration of several different businesses, overseeing risk management and responsibility for a multi-office operation with locations throughout North America.

Chaitu earned a B.A. in economics from the University of Toronto. Chaitu also holds a CPA designation from the Institute of Chartered Accountants of Ontario.

Rob Cantrell , EVP, Deregulated Energy

Rob brings a wealth of retail energy industry expertise as well as more than 20 years of sales and marketing leadership to his role overseeing the company’s deregulated electricity and natural gas businesses in the U.S. Prior to joining Crius, Rob was President and Chief Operating Officer for TriEagle Energy where he directed the team that grew the company for more than 10 years.

Earlier in his career, Rob directed business development activities for one of the largest wireless distributors in the country, where he helped countless independent dealers maximize their sales and create thriving retail businesses. Rob earned an MBA from the University of Georgia and a bachelor’s degree in economics from the University of North Carolina.

Christian McArthur , EVP, Solar Energy and Energy Procurement

As Executive Vice President of Solar Energy and Energy Procurement, Christian McArthur draws upon more than a decade of industry experience to lead Crius’ full-service solar business and ensure competitive wholesale energy procurement for Crius Energy and its family of brands. A leader in energy trading, risk management, customer analytics and forecasting, Christian led two strategic solar acquisitions and launched Crius Solar, a vertically integrated solar and retail energy brand.

Prior to joining Crius Energy, Christian was a Senior Vice President at Just Energy where he oversaw energy supply operations for all North American businesses. In this role, Christian led trading, risk management, customer analytics and forecasting during Just Energy’s expansion from three to 20 markets across North America, serving more than four million customers. He was also successful at new product development and innovating new revenue streams.

Christian earned a Master of Applied Science degree from the University of Waterloo in Canada and a Bachelor of Applied Science degree from Queen's University.

Pat McCamley , EVP, Corporate Development

Pat brings more than 20 years of corporate and business development experience to his role as Executive Vice President, leading the company’s new business development efforts across all markets.

He was critical in the onboarding of Comcast, FairPoint and Cincinnati Bell as strategic energy distribution partners.

Prior to his role at Crius, Pat served as Partner in the private equity firm Skyline Partners and was Director of New Business Development for Siemens AG and an executive at Convergys Corporation.

He holds degrees from Pennsylvania State University and is a frequent speaker at industry events around the world.

Ravi Thuraisingham , EVP, Mergers & Acquisitions

In his current role as Executive Vice President, Mergers & Acquisitions, Ravi Thuraisingham is responsible for identifying acquisition targets, deal structuring and negotiation, as well as overseeing integration for all acquired entities across Crius Energy’s family of brands.

Prior to joining Crius Energy, Ravi was the co-founder, CEO and Chairman of LightWing Inc., an innovative residential solar energy sales and technology platform provider which was later acquired by SunEdison Inc. Prior to that, Ravi served as President and Chief Financial Officer of American Solar Direct Inc. (ASD), and founded one of the industry’s first structured finance funds, growing it from USD $50 million capacity to USD $250 million in just three years.

Ravi earned both undergraduate and graduate degrees in Nuclear Engineering from the University of Toronto and holds a CFA Charter. He is an advisory Board member of the University of Toronto’s Engineering Science Program.

Governance Information

IR Contact Information

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Governance Documents

Crius Energy Trust is committed to the principals of good corporate governance. The Board of Directors is responsible for stewardship of the affairs of the Trust and the Trust’s direct and indirect subsidiary entities (the “Crius Group”). Sound corporate governance practices are essential to the wellbeing of the Crius Group and the promotion and protection of its unitholders’ interest.

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