CorEnergy Infrastructure Trust, Inc. (NYSE: CORR) today announced three
new additions to its senior management team. Mike Jonagan and Jeff
Fulmer joined Corridor InfraTrust Management, LLC, CorEnergy’s manager,
as Senior Directors and will be primarily responsible for originating
acquisitions, structuring lease agreements, managing operating partner
relationships and overseeing CorEnergy’s portfolio of energy
infrastructure real property assets. Rick Kreul has been named President
of Mowood LLC, the company’s wholly-owned subsidiary. Mr. Kreul will be
responsible for overseeing operations and developing strategic growth
opportunities for both Mowood and its wholly-owned subsidiary, Omega
Pipeline Company (“Omega”).
“These three new executive team members raise the bar for CorEnergy,
expanding our capacity to evaluate and oversee a diverse portfolio of
real property energy assets,” said David Schulte, Managing Director of
Corridor and Chief Executive Officer of CorEnergy. “Jeff, Mike and Rick
are engineers who bring a diverse range of energy sector experience to
our team and we are pleased to have them on board.”
Mr. Jonagan comes to Corridor with more than 25 years of U.S. and
international experience in the energy sector. He is a petroleum and
mechanical engineer and has taken on a wide range of executive roles
including managing electric and natural gas assets (regulated and
unregulated) as well as telecommunications, construction, mining and
energy trading operations. He has expertise in business restructuring,
asset divestiture via sale or public offering and structured finance to
support large capital investment projects. Most recently, Mr. Jonagan
served as a Vice President and Country Manager for AES Corporation.
Prior to his work with AES, Mr. Jonagan spent more than a decade in
various roles, including Vice President of Capacity Services and Chief
Executive Officer of U.S. Networks at Aquila Inc., which was an
international electric and gas utility.
Mr. Fulmer has more than 29 years of energy industry experience and
spent the last six years as a Senior Advisor with Corridor’s affiliate
Tortoise Capital Advisors L.L.C. (“Tortoise”), an investment manager
specializing in listed energy investments. At Tortoise he led the
company’s retail marketing efforts. He will continue to support the
Tortoise team as they transition his role. As a petroleum engineer and
professional geologist, Mr. Fulmer’s experience includes work for the
U.S. Department of Defense (DoD), where he headed a group of
infrastructure analysts engaged globally in critical infrastructure
analysis, assessment and protection. Prior to the DoD, Mr. Fulmer served
as president of Redland Energy, was senior vice president of Statoil
Energy and held engineering and geological positions with ARCO Oil and
Gas and Tenneco Oil Exploration and Production.
A mechanical engineer, Mr. Kreul has over 33 years of energy industry
experience including a previous stint as President of Omega Pipeline
Company, which, among other things, serves Fort Leonard Wood, Missouri
with natural gas distribution services. Mr. Kreul spent nearly a decade
at the international electric and gas utility, Aquila Inc., as Vice
President of Energy Delivery and later served as a Vice President at
Inergy, L.P. His expertise includes strategic planning, business
development, operations reengineering, and mergers and acquisitions.
Along with his duties at Omega, he will support Corridor as needed to
perform due diligence on potential asset acquisitions.
About CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR), primarily owns
midstream and downstream U.S. energy infrastructure assets subject to
long-term triple net participating leases with energy companies. These
assets include pipelines, storage tanks, transmission lines and
gathering systems. The Company's principal objective is to provide
stockholders with an attractive risk-adjusted total return, with an
emphasis on distributions and long-term distribution growth.
Formerly Tortoise Capital Resources Corp., CorEnergy previously traded
under the ticker TTO. For more information, please visit corenergy.corridortrust.com.
About Corridor InfraTrust Management, Inc.
Corridor InfraTrust Management, LLC is a real property asset manager
focused on U.S. energy infrastructure real assets. Corridor is the
manager of CorEnergy Infrastructure Trust (NYSE: CORR) and is an
affiliate of Tortoise Capital Advisors, L.L.C., a registered investment
adviser with approximately $11.4 billion of assets under management in
the U.S. energy infrastructure sector as of March 31, 2013. For more
information, please visit www.corridortrust.com.