Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Another Energy Industry Veteran To Its Board, Gregory Craig, An Industry Veteran, Entrepreneur And Advisor; Key Is His Public Company Experience As SIRC Seeks An Up List To A National Exchange
As it seeks an up list to a national exchange, Solar Integrated Roofing Corp. (OTC PINK: SIRC) today (February 24, 2022) names an energy industry veteran with public company experience, Gregory Craig, to its Board. Craig is a 30-year veteran of the energy industry and a noted entrepreneur. Prior, SIRC had named Michael Fallquist, energy industry success and entrepreneur, also as a new member of its Board.
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Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Another Energy Industry Veteran To Its Board, Gregory Craig, An Industry Veteran, Entrepreneur And Advisor; Key Is His Public Company Experience As SIRC Seeks An Up List To A National Exchange
Craig originally conceived, launched and helmed wholesale energy trader Cook Inlet Energy. It grew to more than $3 billion in U.S. sales. It was later sold to Macquarie Bank to form their U.S. wholesale operations. He then went on to lead a successful business turnaround as Chairman and CEO of US Retailer Commerce Energy, a publicly-traded company.
That experience with a publicly-traded company is key for SIRC, which is striving for an up list to a national exchange.
Other experience for Craig in the energy industry includes his stint as CEO and Board Member of Griddy Energy, disruptive tech-based energy retailer, plus CEO of Star Energy Partners. Star is an East Coast-based energy provider.
Additionally, Craig served as advisor to several U.S. Energy Secretaries and he was a Presidential appointee and three-year advisor to President Bill Clinton.
He is currently an Entrepreneur-In-Residence at at UCLA Anderson for more than 10 years and serves as a member of the Executive Committee of the Board of Junior Achievement. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Another Energy Industry Veteran To Its Board, Gregory Craig, An Industry Veteran, Entrepreneur And Advisor; Key Is His Public Company Experience As SIRC Seeks An Up List To A National Exchange
David Massey, chairman and CEO of SIRC, said, “We are privileged to welcome Greg to the Board as an independent Director, bringing significant knowledge on building large-scale, profitable energy companies. Greg joins us at an opportune time as we enter a new phase of significant expansion for our business. His in-dustry-leading experience in the energy space closely align with our goals and objectives for SIRC and I believe he will prove to be an invaluable asset as we up list to a national exchange.
Given the rapid pace of our acquisitions and partnerships — paired with robust organic sales growth, Greg’s strategic guidance will help us build on our momen-tum and accomplishments as a prominent national brand. His proven leadership experience with fast-scaling energy companies will add relevant depth and per-spective to our governance structure as we accelerate our expansion,” he con-cluded.
Earlier, SIRC named Michael Fallquist to its Board. Fallquist currently serves as co-CEO and director of Energywell, LLC. This is a newly-formed entity with a $100 million capital commitment from Oaktree Capital Management and Hartree Partners L.P. The goal is to create a technology driven energy platform that is sustainable.
He prior was CEO and Director of Crius Energy LLC, a publicly-listed retail energy and solar provider that served approximately 1.4 million customers and generated greater than $1.2 billion in revenue in 2018. In that position, he led the successful acquisition of some 12 companies in the retail energy and solar industries. Later, Crius was acquired by Vistra Energy in July 2019 for C$650 million.
Fallquist is an experienced energy industry veteran. SIRC has strengthen itself by naming energy entrepreneur Michael Fallquist to its Board. Solar Inte-grated Roofing Corp. (OTC PINK: SIRC) Names Another Energy Industry Veteran To Its Board, Gregory Craig, An Industry Veteran, Entrepreneur And Advisor; Key Is His Public Company Experience As SIRC Seeks An Up List To A National Exchange
SIRC has announced a Q3 fiscal 2022 964% record spike in volume to $48.2 mil-lion from $4.5 million the comparable period the prior year. SIRC also sees itself ‘substantially exceeding’ its earlier forecast of $100 million revenue for the 12 months ended May 31, 2022 with its annual run rate now approaching $200 Million, according to David Massey, Chairman and CEO of SIRC.
When he was named a SIRC Director, Massey said of Fallquist:
“Michael brings a wide suite of highly complementary experience, having built a public energy and solar company while overseeing several successful acquisitions and financings,” Massey commented. “His strong capital markets and executive experience are complimented by extensive strategy, M&A, corporate finance, investor relations, risk management and corporate governance expertise.”
David Massey, SIRC chairman and CEO, says, “The third quarter of fiscal 20222 was highlighted by record revenue of $48.2 million, driven by seamless integration of our rapidly growing, high-margin acquisitions and our evolution into a truly national brand.
“The rapid pace of our acquisitions, partnerships and organic sales growth has enabled this incredible record revenue achievement, and we aim towards sub-stantially exceeding our fairly conservative guidance for $100 million in revenue in the twelve months ended May 31, 2022.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Another Energy Industry Veteran To Its Board, Gregory Craig, An Industry Veteran, Entrepreneur And Advisor; Key Is His Public Company Experience As SIRC Seeks An Up List To A National Exchange
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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