Ottawa-based Plasco Energy Group Inc, which converts solid waste into renewable energy, has announced that Raymond Floyd is joining the company as president & CEO. Roderick Bryden, who had been Plasco’s CEO since 2005, will assume the post of executive chairman. Floyd has over 40 years of industrial experience, including executive roles with General Motors, Exxon Mobil and Suncor Energy. Plasco has raised over $250 million in venture capital and private equity investment over the years, with its current backers including Ares Management, Killick Capital and Soros Fund Management.
Plasco Announces Senior Management Changes
Board Member Raymond C. Floyd to Become President & CEO & Roderick M. Bryden to Become Executive Chairman
OTTAWA, Nov. 1, 2013 /CNW/ – Plasco Energy Group Inc. (“Plasco” or the “Company”) today announced the appointment of Mr. Raymond (“Ray”) Floyd as President and Chief Executive Officer of the Company. Mr. Floyd has more than 40 years of industrial experience in several industries, including executive roles with General Motors, Exxon Mobil and Suncor Energy, where he was most recently Senior Vice President.
Mr. Roderick (“Rod”) Bryden, the Company’s Chairman and CEO since 2005, has been appointed Executive Chairman.
“Plasco has made significant strides in the past several years in terms of developing the technology to a state of commercial readiness and creating a strong pipeline of projects. I am excited to lead the Company as we accelerate the commercial development of projects around the world,” said Mr. Floyd. “Rod’s service as CEO led this Company to where we are today, and we are looking forward to his continued involvement in the Company as Executive Chairman.”
Mr. Floyd is the only person in the energy industry to be inducted into the US Manufacturing Hall of Fame and the only person in any industry with “Shingo Prize recognition for both “Operational Excellence” and “Research and Publication”, as well as the only person to earn the “America’s Best” designation in both discrete and process manufacturing.
“Today, Plasco is well positioned to benefit from a rapidly growing worldwide market for waste-to-energy conversion,” said Mr. Bryden. “I am looking forward to turning my focus to being a Member of its Board of Directors to help ensure Plasco achieves its growth targets and becomes a leading player in this growing sector. I also want to express my appreciation to the dedicated and talented team that has built a strong platform over the last several years.”
Mr. Floyd has been a Director of Plasco since April 2013 and is also a Director of Karnalyte Resources. He has previously been Director and Chair of the United Way of Fort McMurray, Events Wood Buffalo, and Exxon’s Houston Credit Union as well as Director of several joint venture boards with Exxon and Suncor, including the Board of Syncrude Canada.
Mr. Floyd received a Bachelor of Science in Chemical Engineering, Master of Business Administration and Juris Doctor Degrees, as well as executive education in Japan and Europe. He is licensed as a Professional Engineer in the US and Canada, as an attorney at law in the Supreme Court of the US and as a Patent Attorney in the US Patent and Trademark Office. Mr. Floyd has two published books in the fields of Operational Excellence and Corporate Culture.
Mr. Floyd and his wife Marsha have two daughters, who are both physicians, and six grandchildren.
About Plasco Energy Group Inc.
Plasco Energy Group Inc. is an innovative technology company based in Ottawa, Canada. Plasco’s conversion technology is a sustainable solution that helps communities achieve their landfill diversion and renewable energy goals. Plasco recovers the highest value from post-recycled waste and significantly reduces the negative impact waste has on the environment.
Ray is currently President and CEO of Plasco Energy Group Inc. Plasco provides the world’s leading technology for conversion of municipal solid waste into energy. Ray has previously held officer roles with Exxon Mobil and Suncor Energy, where he was most recently Senior Vice President, with responsibility for Suncor’s Oil Sands assets in Fort McMurray, Canada.
For more than thirty years, in several different industries, Ray has led some of the world’s largest and most complex industrial operations to deliver publicly recognized, industry-best performance.
Ray is acknowledged as an early adopter and one of the most successful practitioners, as well as a seminal thought leader in creating the strategy, tactics, practice and culture of Operational Excellence.
Ray is the only person in the energy, industry to be inducted into the Manufacturing Hall of Fame. He is also the only person in any industry with Shingo Prize recognition for both “Operational Excellence” and “Research and Publication”, as well as the only person to earn the “America’s Best” designation in both discrete and process manufacturing.
During 24 years with Exxon, Ray led six different entities, each of which was publicly recognized for performance that was the best in industry. After retiring from Exxon, Ray had responsibility for Suncor’s Oil Sands Group assets and led them to industry best performance.
Ray is now a board director of Karnalyte Resources (TSX) and Plasco Energy Group (PE). Ray has NFP experience as director and chair of the United Way (collaborative) and Exxon’s Credit Union (financial) as well as FP JV boards with both Exxon and Suncor, including the board of Syncrude Canada, Canada’s sixth largest industrial. Ray has demonstrated sufficient credibility to lead best in class operating performance by influence from the board room in the same way he led it as an executive.
Ray has received Bachelor of Science in Chemical Engineering, Master of Business Administration, Juris Doctor degrees as well as executive education at the most prestigious institutions in Japan and Europe.
SOURCE Plasco Energy Group
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