Paul Hemsath - President, CEO & CFO
Mr. Hemsath has been with Gradient Resources since early 2010, and was promoted to Chief Executive Officer on Oct. 1, 2014. Paul’s previous professional career includes several international assignments and various senior level positions in the consumer product, mining and energy industries. Prior to joining Gradient Resources, Paul worked as VP Corporate Controller and later VP Strategic Planning at InterGen, a start-up Joint Venture owned by Royal Dutch Shell and Bechtel Corporation. While at InterGen, Mr. Hemsath was instrumental in the establishing financial controls and reporting for all domestic and international offices, while they developed, financed, managed and operated over 15,000MW of power projects on a global basis. Additionally, Paul has held senior financial positions with General Mills Corporation, as well as Hasbro, Inc. where he enjoyed assignments in London, England and Sydney, Australia.
David Lloyd – Senior Vice President & General Counsel
Community Affairs for 12 years, where he was actively engaged in permitting, developing, financing, operating and transacting large steam plants, cogeneration, biomass, hydro, wind and waste to energy projects. Before joining NRG, he was a partner in the energy group of Stoel Rives LLP, a western law firm with a large utility and renewable energy practice, for 6 years. Prior to that, he was General Counsel for Pacific Generation Company, a PacifiCorp independent power subsidiary, formed by the merger of Utah Power & Light Company with Pacific Power & Light Company. He was a General Counsel for Energy National, Inc., the UP&L independent power subsidiary that merged into Pacific Generation Company. He has participated in the development and financing, operations and sales of various renewable and cogeneration plants in the US and Canada. While in Southern California, he was Board Vice Chair of the Carlsbad Chamber for public policy, on the Executive Committee of the Board for the San Diego North Economic Development Council, a member of the SANDAG TransNet Independent Taxpayer Oversight Committee, a member of SANDAG’s Energy Working Group, and on the boards of environmental and social charities. He received the Environmental Steward Award from the Carlsbad Chamber of Commerce in 2010, and the Carlsbad Chamber Corporate Citizen Award 2010. He has a J.D. from the University of Utah where he was Managing Editor of the Utah Law Review, and was briefly an Assistant Professor of Law at the BYU Clark Law School. He is married to Jeanne Harrington-Lloyd, a real estate broker and interior designer, and has two children.
Joe Lessard – Senior Vice President, Development
Mr. Lessard has worked in power plant operations and energy sector development for 22 years. Most recently, he served as the Chief Financial Officer and VP Americas for EnDevCo, Inc. Prior to joining EnDevCo, Mr. Lessard served as Vice President, Americas for Globeleq, Inc., where he led the company’s business development activities in Latin America. Under his direction, Globeleq successfully entered the power markets in Peru, Chile, Bolivia and Argentina. Mr Lessard was directly responsible for originating, negotiating and closing 5 greenfield and M&A transactions representing over $300 million, together with several bond and bank financings.
Mr. Lessard has also served as Principal and Vice President for Hart Energy International, a start-up power development company focused on the emerging markets. From 1994 to 1999, he was Regional Managing Director of Coastal Power Company, where he managed regional business units in Southeast Asia and the northeast United States. Mr. Lessard holds a B.S. in electrical engineering and an MBA in finance from Texas A&M University.
Fred Manuel – Senior Vice President, Engineering and Construction
Mr. Manuel has over 30 years experience in the energy industry. From 1980 to 1987, he held oil and gas drilling and production engineering positions at Chevron, then moved into Chevron’s geothermal operations as an engineer from 1987 to 1990. In 1990, Mr. Manuel continued engineering duties as an oil and gas subsea drilling engineer, before joining CalEnergy in 1991 as Operations Manager at the 270 MW Coso Geothermal Power Plant in Southern California. From 1991 to 1997, Mr. Manuel held increasingly responsible geothermal management positions, including Vice President of Geothermal Operations over CalEnergy’s 585MW geothermal portfolio, which included Coso, Imperial Valley, Desert Peak, Roosevelt Hot Springs well field and Beowawe. From 1997 to 1999, Mr. Manuel served as VP Indonesia and later Chief Operating Officer, Asia, for CalEnergy in Jakarta, Indonesia, and was responsible for well drilling, resource engineering, power plant construction, and operations and maintenance planning for three 400MW concessions at Dieng, Patuha, and Bali, Indonesia. In 1999, Mr. Manuel joined Calpine as Vice President – Geothermal, where he was responsible for nineteen geothermal units (880 MW) at The Geysers geothermal field. From 2000 to 2006, Mr. Manuel held various senior management positions at Calpine, overseeing operation of nearly 28,000 MW of gas turbine based generation. From 2007 to 2010, Mr. Manuel provided power industry consulting services in the U.S. and Middle East, and held positions of Senior VP and Chief Technology Officer at Advanced Power Projects. Mr. Manuel joined Gradient Resources in September 2010. Mr. Manuel holds a Bachelors of Engineering degree in Mechanical Engineering from Vanderbilt University.
Stuart D. Johnson - SVP, Chief Scientist
Stuart Johnson is a recognized expert in the design and application of exploration, development and production methods to utilize geothermal resources for electrical power production. Mr. Johnson has managed successful resource development projects for both major energy companies including Phillips Petroleum and Chevron Resources as well as for Independent Geothermal Power Producers (Oxbow Geothermal, Ormat, Caithness and Nevada Geothermal) and was a co-founder of Ram Power Corporation. Specifically, he has played significant roles in the development of commercially-producing fields in California (Heber, and East Mesa), Nevada (Steamboat Hills, Jersey Valley, Brady/Desert Peak, Dixie Valley, Soda Lake, Stillwater, McGinness Hils, Beowawe, Blue Mountain), Hawaii (Puna) and Utah (Roosevelt Hot Springs, Cove Fort). Exploration activities and independent evaluations have been focused on more than 100 projects throughout the Western United States and Alaska but include as well evaluation and development activities for projects in Central and South America and Indonesia. Additionally, he is also known for innovation in the geothermal sector, having directed award-winning geothermal silica co-production research and field implementation of pioneer scale inhibition programs that are now industry standard and for conceptual models relating to origins of geothermal, epithermal metal deposits and petroleum development. He is active in market development and promoting public awareness of geothermal energy as a principal source of sustainable energy.
Mr. Johnson holds an M.S. in Economic Geology from the University of Wisconsin, Madison and a B.A. in Geology from Western Michigan University. Mr. Johnson is a Past President of the Geothermal Resources Council (2003 – 2004) and sits on their Board of Directors (1996 – present). As well he served as an Advisory Board Member to the Great Basin Geothermal Research Center and has also served on the Board of Directors of the Geothermal Energy Association. Stuart is the recipient of the Geothermal Resources Council Pioneer Award and of an R&D 100 Award for research on nano-silica production from geothermal brines.
Craig Fraser - Vice President, Human Resources
Mr. Fraser has been associated with Gradient Resources since 2008. He is an experienced Human Resources professional with over 19 years of management experience in various industries—both domestically and internationally, including HR consulting and hospitality. Mr. Fraser has been active in local HR communities and has served on the board for local HR chapters. He holds the Senior Professional in Human Resources (SPHR) from the HR Certification Institute. He also holds a Bachelor of Arts in International Relations from Brigham Young University and is fluent in Spanish.