NEOgás named R. Paul Grady as its new CEO effective Oct. 1. Grady retired earlier this year from AmeriGas where he was COO. NEOgás, of Rio de Janeiro, provides natural gas logistics services to energy consumers without access to a natural gas pipeline. NEOgás is a portfolio company of the Global Environment Fund.
RIO DE JANEIRO & PHILADELPHIA–(BUSINESS WIRE)–NEOgás, a leading provider of natural gas logistics services to energy consumers without access to a natural gas pipeline, announced today the appointment of Mr. R. Paul Grady as the company’s new CEO, effective October 1, 2015.
“We are delighted to welcome Paul to NEOgás,” says Scott MacLeod, Chairman of the Board of NEOgás and a Managing Partner of Global Environment Fund, a global private equity investor and majority shareholder in NEOgás. “Paul is an accomplished senior executive with a track record of leadership and results at major fuels distribution companies. He brings to NEOgás an extensive knowledge of the downstream fuels industry as well as a demonstrated ability to successfully lead, operate, and grow large and mid-sized organizations with dispersed operations. We believe he is well equipped to lead the Company in the next phase of growth in both our South American and North American markets.”
Grady retired earlier this year from AmeriGas, the largest propane marketer in the United States, where he was Chief Operating Officer responsible for operations serving approximately two million customers in 50 states from over 2,000 distribution locations. Grady first started working for AmeriGas, and its parent company UGI, in 1990. After a two-year stint in early 2000s as President of a family beverage bottling business which he successfully sold, he returned to the fuels distribution industry with senior executive positions at Titan Propane and Heritage Propane. Grady was President of Heritage when AmeriGas acquired the business, subsequently taking a leadership role as COO in the successful integration of the two companies. Grady graduated from Stetson University, received a juris doctor degree from Stetson College of Law, and is a member of the Florida Bar Association.
“The board of NEOgás would like to express deep gratitude to Mr. João Bezzera, outgoing CEO, for his numerous contributions,” added MacLeod. “Bezerra led important performance enhancement and risk management projects across the organization, and his dedicated service has been invaluable to the company.”
Founded in 2000, NEOgás is a pioneer in the development of unique technologies and control systems for the transport and delivery of compressed natural gas (CNG), providing service to industrial, vehicular, commercial, and residential segments and to power generation projects. NEOgás facilitates the use of natural gas in regions without access to natural gas pipelines, supplying customers with clean, safe and economic fuel while also reducing their greenhouse gas emissions. NEOgás has operations in Brazil, Peru, Mexico, Colombia, and USA. www.NEOgás.us
About Global Environment Fund
Global Environment Fund has been investing around the world for 25 years in businesses that provide cost-effective solutions to pressing energy, resource and environmental challenges. GEF’s investments draw upon decades of operating experience in three distinct markets—US-based companies providing leading environmental and clean energy technologies and services; emerging market businesses in rapidly growing clean energy and environmental services markets; and timberlands in attractive locations in the southern hemisphere. The firm has investment teams based in Washington, D.C., Brazil, India, and South Africa. GEF currently manages approximately one billion dollars in private equity investments for institutional investors including university endowments, foundations, family offices and pension funds. www.globalenvironmentfund.com