People: Fuel Tech Inc (FTEK.O)

Summary

Name	Age	Since	Current Position
Douglas Bailey	62	2011	Chairman of the Board, President, Chief Executive Officer
David Collins	47	2010	Chief Financial Officer, Senior Vice President, Treasurer
Robert Puissant	59	2009	Executive Vice President - Sales and Marketing
Vincent Arnone	48	2010	Executive Vice President - Worldwide Operations
Stephen Brady	55	2009	Senior Vice President - Fuel Chem Sales
Thomas Shaw	64	2011	Lead Independent Director
W. Grant Gregory	71	2011	Director
Charles Grinnell	75	2009	Director
George MacCormack	69	2011	Director
Miguel Espinosa	71	2002	Independent Director
Thomas Jones	60	2005	Independent Director
Delbert Williamson	73	2008	Independent Director

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Biographies

Name	Description
Douglas Bailey	Mr. Douglas G. Bailey is Chairman of the Board, President, Chief Executive Officer of Fuel Tech Inc. He is President and Chief Executive Officer of Fuel Tech since April 2010, Chairman of the Board of Fuel Tech since January 2010, director of Fuel Tech since April 1998 and was Deputy Chairman from 2002 through December 2009. He previously served as an employee of Fuel Tech from January 1, 2004 through December 31, 2009. Mr. Bailey has been the President of American Bailey Corporation (ABC), a held private equity firm, since 1984 and its Chief Executive Officer (CEO) since 1996. Mr. Bailey, as President and Chief Executive Officer of Fuel Tech, has management responsibility for the strategic, operational and management performance of the Company. His responsibility for running Fuel Tech, with both U.S. and international operations, gives Mr. Bailey front-line exposure to many of the issues facing U.S. public companies, particularly on the strategic, operational, financial, human resource, corporate governance, and compliance fronts. Over the span of 30 years, Mr. Bailey has provided board service to a number of other companies including, since 2001, serving as a director and chairman of the compensation committee for Endocyte, Inc., a public biotechnology company, and previous service on the audit committee and as chairman of the compensation committee for Atlantis Components, Inc., which gives him a broad based understanding of the role of a board of directors and its committees, and positions him well to serve as Fuel Tech’s Chairman of the Board.
David Collins	Mr. David S. Collins is Chief Financial Officer, Senior Vice President, Treasurer of Fuel Tech, Inc., since July 2010. From 2006 to 2010 Mr. Collins was Audit Partner with Grant Thornton LLP, and from 2005 to 2006 was Audit Partner with Larson, Allen, Weishair & Co., LLP.
Robert Puissant	Mr. Robert E. Puissant is an Executive Vice President - Sales and Marketing of Fuel Tech, Inc., since August 2009. Previously he was President of Enable LLC from July 2008; Executive Vice President, Strategy & Business Development for School Specialty Inc. from 2003 to 2008; and Senior Vice President, Customer Analysis and Planning and Senior Vice President, Marketing and Strategic Planning at Wisconsin Energy Corporation from 1998.
Vincent Arnone	Mr. Vincent J. Arnone is an Executive Vice President - Worldwide Operations of Fuel Tech, Inc., since September 2010; previously he had been an Executive Consultant to Fuel Tech since June 2008; Senior Vice President, Treasurer and Chief Financial Officer of Fuel Tech since February 2006; Vice President, Treasurer and Chief Financial Officer since December, 2003; and Controller since May, 1999.
Stephen Brady	Mr. Stephen P. Brady is Senior Vice President - Fuel Chem Sales of Fuel Tech Inc., since January 2009. Previously, he had been Senior Vice President, Sales and Marketing since April 2006; Senior Vice President, Fuel Chem since January 2002; and Vice President, Fuel Chem since February 1998.
Thomas Shaw	Mr. Thomas S. Shaw, Jr. is Lead Independent Director of Fuel Tech Inc. He has been a director of Fuel Tech since 2001 and Lead Director since February 2011. In September 2010 Mr. Shaw was elected to serve as Vice Chairman and as a member of the compensation committee of the Board of Trustees of Wilmington University; in addition to continuing as a Trustee, Treasurer and Chairman of the Finance and Audit Committee of Wilmington University. In June 2010 he was appointed to the Delaware Board of Pension Trustees for a term of four years. Mr. Shaw retired in September 2007 from his position as Executive Vice President and Chief Operating Officer of Pepco Holdings, Inc. He held a of positions with the Pepco companies including Power Plant Engineer, Plant Superintendent/Manager, General Manager of Production, Vice President of Production, and President and Chief Operating Officer. Mr. Shaw’s experiential base provides Fuel Tech’s Board with a broad based viewpoint from a utility customer perspective. In addition, during the last 17 years of his career, Mr. Shaw was responsible for the management and oversight of numerous unregulated, non-utility businesses, including serving as the initial President of Conectiv Energy, the power generation and trading subsidiary of Pepco Holdings, Inc. This business experience has provided Mr. Shaw insights into the operational requirements of a company and more specifically, a utility, in an array of areas including finance, commercial transactions, corporate governance, executive compensation, human resource matters, merger and acquisition activities, and environmental regulations, all of which makes him a skilled advisor to the Fuel Tech Board.
W. Grant Gregory	Mr. W. Grant Gregory is Director of Fuel Tech, Inc., since August 3, 2011. Mr. Gregory has been Senior Advisor for Cerberus Capital Management, L.P. since January 2012 and was Vice Chairman of that firm from 2005 to 2011. He has served as Chairman of Gregory & Hoenemeyer, Inc., a merchant banking firm, since 1988. Mr. Gregory retired as chairman of the board after completing 24 years with Touche Ross & Co., now Deloitte & Touche. Mr. Gregory graduated with distinction from the University of Nebraska, where he was later awarded an Honorary Doctorate of Humane Letters, as well as The Builder Award, the University’s highest non-academic recognition. He has completed advanced management courses at Harvard University’s Graduate School of Business, at New York University, and attended the Air Force War College. As an authority on corporate governance, audit committees and compensation committees, as well as on mergers and acquisitions and tax policy, Mr. Gregory has served in numerous leadership roles as chairman of the board, CEO, merchant banker and director of public, private and non-profit corporations.
Charles Grinnell	Mr. Charles W. Grinnell is Director of Fuel Tech Inc., since September 1989. He is an attorney who practices tax and business law in Stamford, Connecticut, has been a director of Fuel Tech since September 1989. Prior to his retirement from employment with Fuel Tech on January 31, 2009, Mr. Grinnell served as Vice President, Legal Affairs of Fuel Tech from December 2008, and as Vice President, General Counsel and Corporate Secretary of Fuel Tech since 1986. Mr. Grinnell, was a director and Vice President, General Counsel and Corporate Secretary of Clean Diesel Technologies, Inc., a specialty chemical and energy technology company from 1994 until October 2010. Mr. Grinnell brings to the Board 44 years of corporate experience for both private and public, and small to energy and energy technology companies in the tax and legal aspects of finance, accounting rules and conventions, commercial transactions, merger and acquisition activities, corporate governance, executive compensation, human resource matters, intellectual property licensing, environmental regulation, and litigation, all of which experience informs his judgment and participation as a Fuel Tech director. In addition, Mr. Grinnell has been associated with Fuel Tech since 1986. This association provides an institutional memory which is advantageous to the directors as a group.
George MacCormack	Mr. George F. MacCormack is Director of Fuel Tech, Inc., since August 3, 2011. Mr. MacCormack is a retired Group Vice President, Dupont Wilmington, Delaware, a position he held from 1999 through 2003. He was previously Vice President and General Manager (1998), White Pigments & Mineral Products Strategic Business Unit and Vice President and General Manager (1995), Specialty Chemicals Strategic Business Unit for Dupont. Mr. MacCormack serves as a director of Pepco Holdings, Inc. a position he has held since August 2002. He was previously a director of Conectiv Energy from 2000 until it merged with Pepco on August 1, 2002. Mr. MacCormack’s qualifications include his insights as a former senior officer who held leadership roles over his career in technology, manufacturing, sales, business and mergers and acquisitions in a publicly held corporation. As Group Vice President, Mr. MacCormack had corporate oversight responsibility for 12,000 employees and a $6 billion revenue portfolio of capital and energy intensive global Strategic Business Units. He had oversight and governance responsibility as Chairman/Vice Chairman of the board for several joint ventures with international partners. Over the last 12 years of his Dupont career, Mr. MacCormack was the lead executive on the divestiture of several chemical businesses. His broad experience in many different businesses, countries, technologies and cultures should provide perspectives and insights to support the success of Fuel Tech.
Miguel Espinosa	Mr. Miguel Espinosa is an Independent Director of Fuel Tech Inc., since 2002. He has been President and Chief Executive Officer of The Riverview Group, LLC, a financial consulting company, since 2001. He is a retired Treasurer of Conoco Inc. He was a member of the Board of Directors of the Electric Reliability Council of Texas from 2003 to 2011, serving as Vice Chair of the Finance and Audit Committee and as a member of its Nominating Committee. His career there covered a span of different assignments in Conoco’s U.S. and international operations with ever increasing responsibilities including as Treasurer for European Operations, Assistant Treasurer, and, ultimately, as Treasurer for that company. These senior and executive management positions provided Mr. Espinosa experience in a variety of U.S. and international business operation contexts including dealing with accounting principles and financial reporting rules and regulations, evaluating financial results, and raising in excess of $10 billion in capital while also maintaining operational responsibility for a number of financial professionals worldwide. The depth and breadth of Mr. Espinosa’s experiential exposure to complex financial and accounting matters makes him a skilled advisor for Fuel Tech’s Board.
Thomas Jones	Mr. Thomas L. Jones is an Independent Director of Fuel Tech Inc., since 2005. He has been a Managing Director of Alvarez & Marsal Holdings LLC, a global performance improvement, turnaround management and business consulting firm, since October 2008; previously he had been Managing Director of Trinsum Group since September 2006; a Senior Advisor at Credit Suisse First Boston since 2003 and Managing Director in the Telecommunications Group of that company since 2000. Prior to those positions, Mr. Jones had been a Managing Director at Salomon Smith Barney and J.P. Morgan & Co., Inc. Mr. Jones brings to the Fuel Tech Board over 30 years of experience in investment banking and mergers and acquisitions. He began his career in 1977 in corporate finance and throughout his career in his positions and assignments had responsibilities related to a variety of industries including high tech, telecommunications, media and aerospace defense. Mr. Jones’ positions have provided him with knowledge in dealing with complex financial and operational issues, accounting, financial reporting rules and regulations, and evaluating financial results and performance/risk business models pertaining to a number of business firms both in the U.S. and abroad. This experience makes Mr. Jones a valued advisor to Fuel Tech’s Board as it considers various strategies and operational issues related to growing the Company.
Delbert Williamson	Mr. Delbert L. Williamson is an Independent Director of Fuel Tech Inc., since 2008. Mr. Williamson retired in 2004 as President, Global Commercial Operations, GE Energy, Inc. (GE Energy). Prior thereto he held a number of executive positions at General Electric Company (GE), his employer for 45 years. He served as a consultant to Black and Veatch, Inc. from January to August 2011. During his career with GE, Mr. Williamson held marketing, sales, strategy development and senior general management and executive positions in that company’s Energy Infrastructure, Specialty Materials, and International operations. As President, Commercial Operations of GE Energy, Mr. Williamson was responsible for an organization of 1900 employees worldwide with an annual revenue budget of $25 billion whose business focused on the construction and services associated with power generation equipment projects ranging from nuclear, fossil, solar to wind.

Basic Compensation

Name	Fiscal Year Total
Douglas Bailey	1,202,440
David Collins	587,826
Robert Puissant	496,751
Vincent Arnone	631,933
Stephen Brady	451,656
Thomas Shaw	--
W. Grant Gregory	--
Charles Grinnell	--
George MacCormack	--
Miguel Espinosa	--
Thomas Jones	--
Delbert Williamson	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
Douglas Bailey	115,000	130,400
David Collins	0	0
Robert Puissant	0	0
Vincent Arnone	173,750	1,227,291
Stephen Brady	276,250	1,908,893
Thomas Shaw	0	0
W. Grant Gregory	0	0
Charles Grinnell	0	0
George MacCormack	0	0
Miguel Espinosa	0	0
Thomas Jones	0	0
Delbert Williamson	0	0

Insider Trading

Name	Shares Traded	Price
BAILEY DOUGLAS G	16,000	$0.00
ARNONE VINCENT J	8,000	$0.00
PUISSANT ROBERT E	8,000	$0.00
COLLINS DAVID S	8,000	$0.00
BAILEY RALPH E	245,000	$0.00
BAILEY DOUGLAS G	245,000	$0.00
BAILEY RALPH E	245,000	$0.00
PUISSANT ROBERT E	5,000	$0.00
COLLINS DAVID S	10,000	$0.00
BAILEY DOUGLAS G	12,500	$0.00
BAILEY RALPH E	1,259,262	$0.00
BAILEY RALPH E	330,179	$0.00
BAILEY RALPH E	662,177	$0.00
BAILEY DOUGLAS G	18,000	$3.74
BAILEY DOUGLAS G	18,000	$3.81
BAILEY DOUGLAS G	18,000	$3.63
BAILEY DOUGLAS G	23,000	$3.54
BAILEY DOUGLAS G	23,000	$3.51
BAILEY DOUGLAS G	21,970	$3.51
PUISSANT ROBERT E	100	$3.55
BAILEY DOUGLAS G	13,354	$3.59
PUISSANT ROBERT E	5,900	$3.59
BAILEY RALPH E	1,919,356	$0.00
BAILEY RALPH E	367,589	$0.00
BAILEY RALPH E	1,919,356	$0.00

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People: Fuel Tech Inc (FTEK.O)

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Summary

Biographies

Basic Compensation

Options Compensation

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