Project Sales
Resume:
Richard McLean
********@**.***
RAM Advisory LLC March 2009 to Current
Managing Partner
. Hired by major financial institution to act as CEO for a small
independent power producer
o Analysis of Company's fixed and variable costs to determine
operating parameters
o Assist Company with return to operations after extended period
of not operating
o Restructure operations to focus on power and reduce costs
o Package the facility for sale
. Actively pursuing and bidding to acquire renewable generation
facilities
o Developing financial models and analyzing cost, state/federal
regulations, fuel supply, power sales and transmission issues
o Discussing valuations with potential private equity and debt
sources
KGen Power Corporation 2004 to 2009
Chief Executive Officer
. Managed all aspects of a $1.3bn independent power producer with 3030
megawatts of natural gas fired generation located in Arkansas, Georgia
and Mississippi.
o Analyze and approve annual operating budgets
o Analyze and approve annual revenue forecast
o Manage financial reporting and audit process
. Conducted a review of strategic alternatives to analyze options for
selling all or parts of KGen
o Focal point of all discussions/negotiations with potential
buyers
o Manage all aspects of data room
. Conducted regular calls with the Board of Directors to discuss
strategic outlook and direction for the Company
. Prepared quarterly financial reports and lead all quarterly earnings
presentations with shareholders
. Managed the operations and merchant sales from the company's
generation units
o $360MM in total revenue
. Implemented a new strategy to aggressively pursue power sales to load
serving entities
. Implemented a new focus on EBITDA
o Reviewed expenses and past spending practices to reduce expenses
by $10MM
Chief Financial Officer
. Spearheaded an international road show presentation, which resulted in
the successful raising of $773MM in equity
. Directed a significant change in the capital structure of the company;
reducing debt/capital to 28%
o Structured, negotiated and closed $400 million project financing
. Maintained lead relationship for the company with shareholders and
lending community
. Lead the Company's effort to be a publicly traded company by
completing and filing KGen Power's S-1 with the SEC
. Developed and implemented policies, procedures and guidelines for
compliance with Sarbanes-Oxley
. Lead presentations and maintained relationships with Moody's and S&P
. Initiated and completed creative financing for the company providing
$100 million for company use
o Structured, negotiated and closed $450 million project financing
. Lead the Company's property and casualty insurance program
. Manage the Company's bank revolving credit for short term cash
requirements and issuing letters of credit
. Established procedures for a start-up company:
o Quarterly board report
o Cash Management
o Earnings calls
o Reporting procedures for debt and equity
o Corporate policies and board committee charters
ABN AMRO Bank N.V. 2001 to 2004
Managing Director, Energy and Power
. Manage relationships and sell global bank products to major integrated
oil and gas clients
o Global relationship management for
. ExxonMobil
. Chevron
. ConocoPhillips
. Unocal
. Citgo
. Lead execution teams for project finance and M&A products
Bank of America 1996 to 2001
Principal Project Finance
. Act as Lead Arranger and Advisor for bank clients on global oil & gas
and petrochemical projects
o Lead effort in documenting and closing Cerro Negro Heavy Oil
project in Venezuela
o Lead effort in documenting and closing Yanpet petrochemical
project in Saudi Arabia
o Lead effort to advise ExxonMobil and Sabic on the structuring
and execution of financing plan for Kemya petrochemical project
in Saudi Arabia
o Lead effort to advise US EXIM on the financial structure and
risks associated with the Hamaca heavy oil project in Venezuela
o Lead effort to advise and structure acquisition of Yorktown
Refinery by independent refiner
Conoco Inc. 1986 to 1996
Sr. Financial Analyst
. Responsible for financing downstream assets ranging from refineries to
crude oil tankers
. Took the Treasury department in a new direction; focusing on analyzing
and structuring financing of world wide investments
Education
MBA and BBA from Sam Houston State University
Contact this candidate