Board of Directors
Mr Guinand has been a successful enterpreneur in various businesses. He oversees a portfolio of private equity investments in South America and Europe. Among other directorships, Mr Guinand had been Managing Director of Editorial Arte a leading printing and publishing company in South America for the last 15 years. He began his career in the Venezuelan Stock Market specializing in portfolio management. Mr Guinand attended Law School at UCAB Venezuelan.
Chief Executive Officer
Mr Mustad has a 15 year track record in the energy and industrial sectors. Prior to his involvement with Sonnedix, Mr. Mustad served as country manager for AES Solar Spain. In this capacity Mr. Mustad was responsible for originating and delivering more than $150 million in direct investments in Spain, resulting in 25MW of solar photovoltaic plants. He was also responsible for the development, staffing and execution of the Spanish market strategy for the company.
In addition, Mr. Mustad has been the president and principal equity stakeholder in Arbortech USA, a company specializing in the manufacture of high-end precision mechanized components. While acting as COO for the company, he engineered and launched several new profitable product lines turning Arbortech into a highly profitable business.
Earlier in his career, Mr. Mustad worked for Sithe Energies Inc., an independent power producer, in New York, Beijing, Seoul and Hong Kong. At Sithe, he was responsible for, among other things, the first local bank non-recourse project financing of a $250 million cogeneration plant in South Korea. While at Sithe, he was a director of the Company’s Pakistani company and negotiated project financing for assets totaling over 800 MW of predominantly coal fired assets in China. He also served as corporate finance manager of the divestiture of Sithe Asia’s $1 billion asset portfolio.
Mr. Mustad graduated as a structural engineer from Cornell University’s School of Civil and Environmental Engineering and has an MBA from IESE Business School, Spain. He is fluent in Spanish, French, English and Norwegian as well as conversant in German and Italian.
Mr Gilbert is a Managing Director and an Investment Principal for the Infrastructure Investments Group at J.P. Morgan Asset Management – Global Real Assets.
Mr. Gilbert joined J.P. Morgan from Centrica, PLC’s US subsidiary Direct Energy, where he headed the company’s power generation operations and corporate development. Under his leadership, Direct Energy significantly improved operations of the existing portfolio and developed strategies for upstream gas and power investment while investing over $1bn in North America.
Prior to Direct Energy, Mr. Gilbert spent five years at International Power, PLC as Vice President – Business Development focusing on expanding IP’s North American business through acquisitions and asset development. Mr. Gilbert also spent ten years at PSEG in corporate development within the company’s power generation business where he led the expansion of the company into New England, developed several new generation facilities and was a key member of the integration teams for the PSEG-Exelon transaction.
Mr. Gilbert began his career at General Electric after completing a BSME at the University of Massachusetts.
Strategy Consultant and Private Investor; Co-Founder and Principal, The KT Family Trust (a private revocable trust) and Managing Principal, TBL Strategy (a strategic advisory firm).
Petros Kitsos is widely acknowledged as one of the pre-eminent strategic advisors in the Aerospace, Defense and Diversified Industrial sectors where his advisory and transactional involvement and expertise have contributed to the significant and successful growth of a variety of companies in the past twenty-two years.
Mr. Kitsos is a Phi Beta Kappa graduate of Hamilton College, and holds an MBA with honors from Harvard Business School. He also attended St. Antony’s College, Oxford.
The KT Family Trust is a private investment entity that focuses on significant minority investments in businesses geared towards industrial manufacturing and energy independence. TBL Strategy provides strategic advisory and consulting services to C-level executives across a broad array of industries.
Mr. Kitsos enjoyed a distinguished fifteen-year career in investment banking with Citigroup, Salomon Smith Barney and Salomon Brothers where, among other responsibilities, he served as Head of the Global Defense & Aerospace Group, Head of Western Region Mergers & Acquisitions and Co-Head of the Los Angeles office.
Mr. Kitsos served as Alumni Trustee of Hamilton College from 2004 to 2008 and as Alumnus Trustee of Anatolia High School from 1999 to 2003. He also served (from 2006 until 2011) as Director and chair of the Compensation Committee of a public company in which the Trust was (at that time) a significant investor.
Mr. LeBlanc is a Managing Director and Chief Investment Officer of OECD Infrastructure Equity Investments at J.P. Morgan Asset Management – Global Real Assets. He has 20 years of energy finance and private equity experience in the development and acquisition of power generation facilities, natural resources production, distributed cogeneration assets, regulated distribution assets, alternative fuels companies, as well as pipelines and other midstream assets. Additionally, Mr. LeBlanc currently serves on the boards for Summit Utilities, Zephyr Wind, SouthWest Water Company and Southwest Generation.
Prior to J.P. Morgan, Mr. LeBlanc spent nearly 11 years at ArcLight Capital Partners, LLC where he was a Principal and responsible for the origination, execution and management of power and energy investments and led over $3 billion in energy infrastructure asset transactions in the U.S. and Europe. Mr. LeBlanc also held senior roles in Berenson Minella & Company’s energy advisory practice and the Global Power Group at Salomon Smith Barney having started his career at The NorthBridge Group, an economic and strategic consulting firm.
Mr. LeBlanc earned a Bachelor of Arts in Government and Economics from Dartmouth College and a Master of Business Administration from the Yale School of Management. In addition to his responsibilities for the IIF investment portfolio, he also serves on the Advisory Board of the Yale Center for Business and the Environment.
Mr. Pulido is a private investor and a successful entrepreneur. Prior to his involvement with Sonnedix, Mr. Pulido made investments in South America and Europe valued at more than $31 million, including in Editorial Arte, a leading commercial printing company in Venezuela. Initially, Mr. Pulido bought a minority interest in a small print shop in 1997, and subsequently carried out a Leveraged Buyout in 2000 of Editorial Arte, growing the business from 20 employees to over 200, and increasing revenues more than 20 times during this period in US dollar terms.
Earlier in his career, Mr. Pulido was an Associate Advisor to a PDVSA affiliate in Caracas, Venezuela, and an investment banker at Lehman Brothers in New York City. During his tenure at Lehman, Mr. Pulido was directly responsible for the design of product and financing terms and well as the marketing campaign for the local equity tranche of the CANTV IPO (local offer $400 million / total $1.144 million) to more than 80 thousand subscribers and led several debt and equity restructuring transactions totalling more than $350 million in Latin American assets.
Mr. Pulido graduated as a structural engineer from Cornell University’s School of Civil and Environmental Engineering.
Mr. Stavnsbo currently serves as a board member of several Danish unlisted companies, is an executive director and partner of Clean Energy Invest (wind and solar energy investment & management) and of Danish property developer, owner & operator ESC APS, and is a member of the municipal board of the City of Aarhus, the 2nd largest municipality in Denmark.
Previously, Mr. Stavnsbo has held senior executive roles within the wind energy industry globally since the mid 1990’s, including Senior Vice President, Sales & Marketing at listed Danish wind turbine supplier NEG Micon (Now Vestas), CEO at global developer, owner & operator Global Renewable Energy Partners (GREP) and Global Head of Wind Energy at listed Allco Finance Group (AFG), global financier, owner & operator of wind farms. Prior to joining the wind industry, Mr. Stavnsbo was Chief Financial Officer at OMX-CPH listed Schouw & Co., a mid-cap Danish industrial conglomerate.
Mr. Stavnsbo holds an MBA (International Finance & Marketing) from the Aarhus School of Business, Denmark.