(Source: Business Wire)
Allegro, the leading provider of energy trading and risk management (ETRM) solutions, today announced the appointment of Patrich Simpkins to their Board of Directors. With his 22 year background in the energy and technology industries, Simpkins will assist with Allegro's expansion in the ETRM market.
Simpkins is currently the managing partner for GPS Capital Partners, a banking advisory firm based out of Dallas, and serves in board and advisory positions for several firms spanning energy, clean-tech and software.
"Patrich is a fantastic addition to our board," said Allegro Founder and CEO, Eldon Klaassen. "He brings a unique blend of business and technical leadership from the Energy industry, and his background building several successful energy companies will be invaluable to our company as we continue to grow and leverage our ETRM expertise and solutions."
Simpkins' vast experience as a senior executive extends from strategy and finance to operations. Past positions include serving as Chief Operating Officer and Chief Financial Officer at SensorLogic, Inc., Executive Vice President and Global Chief Risk Officer at TXU Energy and Senior Vice President of Duke Energy.
In addition to his enterprise management expertise, Simpkins has also co-founded and built several successful businesses, including a large energy services and commodity trading firm, an energy and technology focused merchant debt and equity firm and a SaaS software organization.
About Allegro
Allegro is the global leader in energy trading and risk management (ETRM) solutions for producers, refiners, power and gas utilities, commodity traders and commodity consumers. With 25 years of steady growth and deep industry knowledge, our enterprise-wide trading and risk management platform drives transparency and efficiency across front, middle, and back offices, while also managing complex logistics associated with physical commodities. Allegro's proven solutions provide traders, risk managers and management with flexible solutions - across all currencies and commodity types - that allow decision makers to hedge and execute with confidence. Allegro has recently been recognized as the Energy Risk Software House of the Year and received The Energy Business Awards Gold Award for Excellence in Energy Technology. Headquartered in Dallas, Texas, Allegro serves customers worldwide with offices in Amsterdam, Calgary, Houston, London, Singapore and Zurich, along with a global network of partners.
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