Chicago, IL (PRWEB) July 27, 2009
Tom Beck, CEO of SHEC Energy commented, "After an extensive search we are very pleased to have Sam Haddad join our team as CFO. Sam completes the formation of our top caliber Senior Executive Team and we are now poised to grow into a major global energy corporation."
Mr. Haddad comes to SHEC Energy with over 20 years of experience in Corporate Finance, Capital Markets and Treasury. From 2003 until 2009, Mr. Haddad was Vice President of Investment Banking for Comerica, a $65B, publicly traded top 20 US bank holding company where he originated, executed and structured debt, equity and financial advisory engagements in the public and private capital markets. Before joining Comerica Mr. Haddad held a number of senior finance and treasury positions with the Martin-Brower Company, Playboy Enterprises, CNA Financial Corporation and Follett Corporation. Mr. Haddad began his career at Citibank as a Banker in 1988. In these capacities Mr. Haddad has raised and structured a significant amount of capital in several countries and currencies; issued both debt and equity securities; completed several global M & A transactions; managed multiple currency, interest rate and commodity exposures; managed pension assets; managed corporate finance functions such as financial planning and analysis, budgeting, forecasting, consolidations, financial modeling and accounting; as well as global cash management. In addition, Mr. Haddad completed a formal credit training process while at Citibank.
Mr. Haddad holds a Master of Business Administration in Finance from the Keller Graduate School of Management and a Bachelor of Arts in Political Science from Loyola University of Chicago. Mr. Haddad's professional licenses include a Series 24 Principal, a Series 7 Registered Representative, a Series 63 Registered Representative and a Certified Treasury Professional (CTP) designation. Mr. Haddad is a member of the National Association of Corporate Treasurers, the Association of Financial Professionals and The National Association of Securities Professionals.
According to Mr. Haddad, "I am excited to join the SHEC Energy team. I am impressed with their technological and market developments and the rapidly growing global interest in the company. My top job priority will be working with the team to put together an offering memorandum for institutional investors to capitalize on the numerous global opportunities available to SHEC Energy."
Mr. Haddad lives in the Chicago area with his wife Meghan and has four children, Sarah, Matthew, Mark and Margaret.
SHEC Energy Technology
SHEC Energy's solar thermal technology can be applied to power generation in the range of 25KW to the GW range.
The Achilles heel of renewable energy is its intermittent production. This very much limits the opportunity for grid connect since electricity cannot be economically stored. SHEC's high temperature storage technology allows the thermal energy of the sun to be stored so it can produce electricity when the sun is not shining. This enables SHEC's technology to provide base-load power.
About SHEC Energy Corporation
SHEC Energy was formed in 1996 with the mandate of producing hydrogen renewably and cost competitively with fossil fuels. This technology has been adopted for solar thermal power generation. SHEC Energy's hydrogen history has provided a technological lead for power generation since high efficiency; high temperature solar technology was developed for the process. SHEC Energy has developed advanced, highly efficient solar technologies and manufacturing technologies to achieve this goal.
Solar energy was the logical renewable source because it is abundant with about 6,000 times more energy bombarding the Earth than all of humanity's energy requirements. It also has a lifespan of billions of years.
SHEC's technology is not only applicable for power generation, but can also co-generate hot water, chilled water and desalinated water simultaneously with little additional cost. The technology can also be applied to thermal chemical processes such as alternative fuel production.