GE Vet Joins First Reserve

Phil Burkhardt has joined First Reserve Corp. as an infrastructure asset manager. He has spent the past 30 years with General Electric.

PRESS RELEASE

First Reserve Corporation, the leading private equity firm specializing in the energy industry, today announced that it has expanded its Infrastructure team with the appointment of Phil Burkhardt as Infrastructure Asset Manager. Mr. Burkhardt will be responsible for the due diligence and team analysis of new investments, business planning for newly acquired assets, and long-term asset management and plan implementation for infrastructure investments.

Mr. Burkhardt, who has more than 30 years power industry experience in North America, Europe and Asia with General Electric, where he managed an 800MW portfolio of operating wind and solar power generation facilities. He has also managed the development, construction, installation, inspection and maintenance of a number of thermal and steam power facilities over his career.

“Phil’s addition to our team builds on First Reserve’s energy industry specialization and, with his operations capabilities in both natural gas and renewable power, expands our operational expertise,” said Mark Florian, Managing Director at First Reserve Corporation. “His longstanding experience managing global power assets complements our commitment to creating value throughout the investment cycle beginning with a rigorous asset management process.”

Mr. Burkhardt joins First Reserve following a six-month search process and expands the infrastructure team to 11 dedicated infrastructure investment professionals within the broader 73 person investment team. He will be based in the U.S., but will be actively involved in power investments in North America and Europe.

About First Reserve

First Reserve is the world’s leading private equity firm in the energy industry, making both private equity and infrastructure investments throughout the energy value chain.  For more than 25 years, it has invested solely in the global energy industry, and has developed an unparalleled franchise, utilizing its broad base of specialized energy industry knowledge as a competitive advantage. First Reserve invests strategically across a wide range of energy industry sectors, developing a portfolio that is diversified across the energy value chain, backing talented management teams and building value by building companies.  Further information is available at www.firstreserve.com.