Management Team | Board of Directors
Established in 1995, ALT is the largest vehicle-grade LNG producer in the Western United States. Since its inception, it has grown to become a major force in the natural gas industry specializing in vehicle and industrial solutions. ALT provides LNG and CNG product and delivery systems. We execute turnkey fuel solutions, including: equipment leasing, station installations, safety & training, natural gas production, low BTU gas processing, temporary fueling stations, and consulting in the LNG and CNG markets.
These facts, combined with ALT’s management team, who have in excess of 100 man-years of cryogenic work experience and several hundred man-years of transportation work experience, provide ALT’s customers the best and most reliable one-stop alternative fuel service in the industry.
Management Team
Cem Hacioglu
Director Applied Natural Gas Fuels, Inc.
President and Chief Executive Officer
Cem Hacioglu has served as director of Applied Natural Gas Fuels, Inc. (f/k/a PNG Ventures, Inc.) since August 2008 and president and chief executive officer of Applied LNG Technologies, LLC (ALT) since February 2009. Hacioglu was previously a portfolio manager in charge of direct investments for Sandell Asset Management Corp. and Millennium Partners, and also held positions at Fletcher Asset Management, Merrill Lynch and the World Bank. Hacioglu earned a Bachelor of Science in Economics from the United States Military Academy, West Point, and holds an MBA in Financial Management from the MIT’s Sloan School of Management.
A. Bradley Gabbard
Chief Financial Officer and Principal Accounting Officer
Mr. Gabbard has been with ALT since September 2009 as Vice President in charge of special projects. In June 2007, Mr. Gabbard became a co-managing member of MG Advisors, LLC, an advisory firm providing senior managerial and financial advisory services to energy companies. In this capacity, Mr. Gabbard provided consulting services to the Company from July, 2008 through August 2009. Prior to that, Mr. Gabbard had been a co-founder of Metretek Technologies, Inc., now known as PowerSecure International, Inc., where he served in several positions, including Director, Executive Vice President, and Chief Financial Officer until his retirement from the Company in April 2007. Mr. Gabbard is a Certified Public Accountant and holds a Bachelor of Accountancy degree from the University of Oklahoma.
Greg Dahl
Chief Technical Officer
Greg Dahl currently serves ALT / Fleet Star, Inc. as our Chief Technical Officer. Dahl is responsible for the safe operation and maintenance of Fleet Star re-fueling stations, the ALT liquefaction plant in Topock, Arizona, and other ALT projects across the western U.S. Dahl was formerly involved in the operation and management of a privately-held hazardous materials transportation fleet and has over 27 years of extensive safety training and experience in handling flammable liquids, compressed gasses, and cryogenics. He joined Fleet Star in 1990 and remained with the company after the merger which formed ALT / Fleet Star in 1995. Dahl attended Bakersfield College in California.
Linda Berndt
Vice President of Government and Public Affairs
Linda Berndt serves as vice president of government and public affairs for ALT. Berndt has extensive experience over the past twenty-five years having worked for ATT and Southwestern Bell in communications, media relations, and government and public affairs. She has worked closely with a multitude of state and national business and commerce groups, and extensively with a number of state, federal and municipal environmental and regulatory agencies and groups, including Clean Cities’ state and regional associations. She has served on the Texas BioProducts Industry Council, providing input for Texas’ alternative energy policy, and also on the EPA's Region 6 Blue Skyways Collaborative. Berndt is a graduate of Wharton School’s Executive Development Program at the University of Pennsylvania and earned a Bachelor of Science for both Marketing and Business Management from Oklahoma City University.
Frank Martelli
Director of Special Projects
Frank Martelli serves at Applied Natural Gas Fuels, Inc. since May 2010 as Director of Special Projects. He brings to the team valuable Finance and Strategic Planning experience from Fortune 500 companies such as Amgen, Monsanto and The Boston Consulting Group. Martelli currently works on several key management areas including support of strategic decisions, pricing, contract review and compliance. Martelli is an Industrial Engineer from Argentina’s Instituto Tecnológico de Buenos Aires and holds an MBA from the MIT Sloan School of Management.
Board of Directors
W. Phillip Marcum
Chairman of the Board
Applied Natural Gas Fuels, Inc.
W. Phillip Marcum is currently chairman of the board of Applied Natural Gas Fuels, Inc. He has served as a principal of MG Advisors, LLC. From 1991 until 2007, Mr. Marcum co-founded and served as Chairman of the Board, President, and Chief Executive Officer of Metretek Technologies, Inc. (now known as PowerSecure International, Inc.), an energy management company. Mr. Marcum holds a B.B.A. from Texas Tech University. Mr. Marcum also currently serves as Chairman of the Board and as a director of ADA-ES, Inc., a publicly traded environmental technology company, and as a director for Key Energy Services, Inc., a well servicing company.
Cem Hacioglu
President and CEO
Applied LNG Technologies, LLC
Cem Hacioglu joined ALT as President and CEO on February 16, 2009. From May 2005 to February 2009, Mr. Hacioglu was a co-portfolio manager of the direct investment group of Sandell Asset Management Corp. (“Sandell”), an affiliate of Castlerigg. Prior to May 2005, Mr. Hacioglu worked as a Portfolio Manager at Millennium Partners where he helped manage Millennium’s direct investment portfolio. Prior to joining Millennium Partners, Mr. Hacioglu was a Vice President at Fletcher Asset Management, an associate in the Private Equity Placements Group at Merrill Lynch and an analyst at the World Bank. Mr. Hacioglu earned his B.S. Degree in Economics from the United States Military Academy, West Point, and his M.B.A. in Financial Management from the MIT Sloan School of Management.
Liberatore Iannarone
Associate General Counsel and Chief Compliance Officer
Sandell Asset Management Corp. Mr. Iannarone has served as associate general counsel and chief compliance officer of Sandell Asset Management Corp. ("Sandell") since 2008. Sandell is the investment manager of the managing member of Castlerigg PNG Investments, LLC ("Castlerigg"), one of the principal shareholders of the Company. Prior to working with Sandell, from 1999 to 2008, he worked as an attorney in private practice representing clients in acquisitions and other corporate matters. Prior to his legal career, from 1993-1996, Mr. Iannarone worked in the accounting industry as an auditor and budget analyst. Mr. Iannarone received his law degree from Georgetown University Law Center in 1999 and has been a member of the New York State Bar Association since 2000, and graduated from Gettysburg College with a B.A. in Management (accounting and finance) in 1993. Mr. Iannarone was appointed to serve as a director of the Company by Castlerigg pursuant to its right to appoint a director under the Shareholders’ Agreement, dated March 24, 2010, between the Company, Castlerigg, and Fourth Third, LLC.
Kevin Collins
Managing Member
The Old Hill Company, LLC
Kevin Collins has been a managing member of The Old Hill Company, LLC since 1997. The Old Hill Company provides corporate finance and management consulting services primarily to companies that have undergone financial reorganization. Prior to that, Mr. Collins worked with several large financial institutions in lending, investing, and advisory capacities; these institutions include New York Life Insurance Company, Chemical Bank, Lloyds Bank International, and Samuel Montagu, Inc. and DG Investment Bank. Mr. Collins serves on the boards of Key Energy Services, Inc., an oil service company, PowerSecure International Inc., an energy technology company, The Antioch Company, a scrapbooking direct sales company, and The Penn Traffic Company, a supermarket chain. Mr. Collins holds B.S. and MBA degrees from the University of Minnesota and is a Chartered Financial Analyst. As a result of these and other professional experiences, Mr. Collins’ extensive knowledge of the Company and our industry, his analytical business background (as an MBA and Chartered Financial Analyst), his experience working on strategic transactions, as well as his lending and advisory experience with large financial institutions and his extensive experience serving on boards of directors, each of which strengthen the Board’s collective qualifications, skills, and experience.
Tom Quimby
Principal
Medley Capital Mr. Quimby is a Principal with Medley Capital and is responsible for transaction origination, underwriting, restructuring and special situations for the Medley Opportunity Funds. Prior to joining Medley, Mr. Quimby was a founding team member and Vice President of COVA Capital, leading the sourcing, underwriting and account management of mezzanine transactions in a variety of industries. Prior to COVA Capital, Mr. Quimby worked at several GE Capital businesses including, Global Sponsor Finance, Global Consumer Finance, GE Financial Assurance and GE Capital Corporate. Prior to GE, Mr. Quimby worked as a Bank Examiner for the FDIC in the Risk and Supervision Division. Mr. Quimby is a graduate of the Financial Management Program at GE Capital, and received a B.S. in Business Administration from the Whitemore School of Business at the University of New Hampshire.
