Executive Management

Richard M. Domaleski, Chief Executive Officer

Rich is the founder of World Energy and has been the driving force behind the Company’s vision and sales execution. Recognizing the deregulation of retail energy as a watershed moment in the economy, he was one of the first to develop a solution to address this opportunity. In 1996, Rich co-founded World Energy’s predecessor, Oceanside Energy, which became one of the first aggregators to be granted a FERC tariff. Since that time, he has brought together the speed and accessibility of the Internet with a powerful transaction model to create the Company’s award-winning exchanges, successfully guiding World Energy to a leadership position in the industry.

Philip V. Adams, President and Chief Operating Officer

Phil plays a key role in setting the Company’s strategic objectives and managing them to successful execution. He has been instrumental to many of World Energy’s major milestones, including taking the Company public on the Toronto Stock Exchange in November 2006; overseeing the acquisition of EnergyGateway in 2007; negotiating the RGGI contract in 2008; listing the Company on NASDAQ in 2009; and launching the company’s Demand Response services in 2010. Prior to his tenure at World Energy, Phil held senior executive roles in sales, marketing and product management at several major software and internet companies. Phil also spent four years in strategy consulting at Corporate Decisions (now Mercer Consulting). Phil holds a BA in Economics from Williams College and an MS from MIT’s Sloan School of Management.

James F. Parslow, Chief Financial Officer

Jim is responsible for the Company’s financial strategy, as well as its day-to-day accounting operations. He is a Certified Public Accountant in Massachusetts with more than 20 years experience serving private and public companies in the alternative energy, online auction, and high tech manufacturing industries. Prior to joining World Energy, Jim was treasurer and CFO of Spire Corporation (NASDAQ: SPIR), a global solar company. He began his career at a major public accounting firm and served in several finance positions, including vice president of finance and administration, at public subsidiaries of Thermo Fisher Scientific, Inc. (NYSE: TMO), a $10 billion global instrumentation company. Jim holds an AB in Economics/Accounting from the College of the Holy Cross and an MBA with a concentration in Finance from Bentley College.

Board of Directors

Dr. Edward T. Libbey, Chairman of the Board

Dr. Libbey is the chairman of our Board of Directors. He brings to this post nearly 40 years of senior international management experience in the energy and high technology industries, including over 20 years with BP, where he served in a variety of commercial, strategic and operational roles in the U.S. and Europe. While at BP, Dr. Libbey played a leading role in creating and running the Company’s international oil trading business. For the last five years, he has been the co-owner and principal of Edward Libbey Consultants Limited, an energy advisory and recruitment consulting firm, where he has completed senior assignments for energy companies around the world.  Dr. Libbey holds a First Class Degree and Doctorate in Chemistry from Cambridge and is a Fellow of the Energy Institute.

Patrick R. Bischoff, Board Member

Mr. Bischoff is a successful entrepreneur, angel investor and board member. Since the Fall of 2007, he has been the Managing Director and founder of Luminor Ventures, Inc., which consults for, and holds equity investments in, clean energy and other companies. From 2001 to present, Mr. Bischoff has also been the Managing Director and founder of Spinnaker Ventures LLC, a venture capital firm specializing in IT, communications and business services investments. He co-founded Saba Software Inc. (NASDAQ: SABA) in 1996 and held various positions with the company through 2001. Mr. Bischoff has worked around the globe and has significant experience in start-up management, business development, corporate strategy, M&A and IPOs. He holds a Masters in International Management with distinction from Thunderbird (Arizona).

John W. Wellard, Board Member

From March 1996 to April 2005, Mr. Wellard was employed with Union Gas Limited, a Spectra Energy (NYSE: SE) company with $5 billion in assets. He was the Company’s President from May 2003 to December 2004 and served there in various other capacities, including as Senior Vice President of Sales and Marketing & Business Development, Vice President of Sales and Marketing, Senior Vice President of Asset Management and Vice President of Operations.

Thad A. Wolfe (Lt. General, Ret.), Board Member

Since September 2008, Mr. Wolfe has been the owner of Polaris Results LLC and an independent contractor working primarily with QinetiQ-North America, a technology and services company, and Thomas Group, Inc., a professional services firm. Prior to that, Mr. Wolfe worked full-time as Air Force Practice Leader with the Thomas Group. From 1999 to February 2007, Mr. Wolfe was employed with SAIC (NYSE: SAI), a Fortune 500 scientific, engineering and technology applications company, in various roles, including as a business unit general manager and as account manager for the North American Aerospace Defense Command (NORAD) and United States Northern Command (USNORTHCOM). Mr. Wolfe served over 31 years in the United States Air Force, retiring in 1996 as a Lieutenant General.

Richard M. Domaleski, Board Member

Mr. Domaleski is Founder and CEO of World Energy and has been the driving force behind the company’s vision and sales execution. Recognizing the deregulation of retail energy as a watershed moment in the economy, he was one of the first to develop a solution to address this opportunity. In 1996, Rich co-founded World Energy’s predecessor, Oceanside Energy, which became one of the first aggregators to be granted a FERC tariff. Since that time, he has brought together the speed and accessibility of the Internet with a powerful transaction model to create the Company’s award-winning online exchanges, successfully guiding World Energy to a leadership position in the industry.