Crius Energy Trust


Realize what’s possible.

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 , ,

James A. Ajello is the Executive Vice President, Chief Financial Officer, Treasurer and Chief Risk Officer of Hawaiian Electric Industries, Inc. (HEI), NYSE: HE. Mr. Ajello’s prior experience 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.

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