First Reserve Promotes Zarrilli

First Reserve Corp. has promoted Jenny Zarrilli to managing director. She will retain her role as chief financial officer. Zarrilli joined First Reserve in 1998, after having been with Quadrant Management.




First Reserve Corporation, the largest U.S-based private equity firm that specializes in the energy industry, today announced the promotion of Jennifer Zarrilli to Managing Director, demonstrating her extensive contribution as Chief Financial Officer and her role in the ongoing success of First Reserve funds.  As a result of Jenny's promotion, there are now 12 Managing Directors who all play key roles at First Reserve.


Bill Macaulay, CEO & Chairman of First Reserve Corporation, said, “Jenny Zarrilli has been an integral part of the First Reserve team for 10 years and this promotion is a true reflection of her contribution to First Reserve's ongoing success. Jenny and her team play an important role in building and maintaining the momentum at First Reserve as we continue to grow the firm and execute our investment strategy.”


Jennifer C. Zarrilli joined First Reserve in 1998 and has overall responsibility for all financial aspects of First Reserve and its funds including all aspects of financial reporting. Before joining First Reserve, Ms. Zarrilli was a Financial Executive with Quadrant Management, a private equity firm, where she worked for six years. Prior to that time, she spent three years with Ernst & Young as an Accountant. Ms. Zarrilli received an M.S. degree in Accounting from New York University and a B.A. degree in Economics & Political Science from Colgate University. 


About First Reserve


First Reserve is the world's leading private equity firm in the energy industry. The firm is currently investing its most recent fund which closed in 2006 at approximately US $8 billion. Throughout its 25-year history, First Reserve has developed a strong franchise of investing exclusively in the energy industry, utilizing its broad base of specialized industry knowledge. First Reserve believes that strategic diversification across a wide range of energy industry sectors has been a major contributor to the long-term, superior investment record achieved by the First Reserve Funds across economic cycles.