People: U.S. Geothermal Inc. (HTM)

HTM on American Stock Exchange

1.27USD
9 Feb 2010
Price Change (% chg)

$0.01 (+0.79%)
Prev Close
$1.27
Open
--
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$1.30
Day's Low
$1.24
Volume
250,994
Avg. Vol
487,617
52-wk High
$2.09
52-wk Low
$0.60

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Summary

Name Age Since Current Position
Walker, John 60 2003 Independent Chairman of the Board
Kunz, Daniel 57 2003 President, Chief Executive Officer, Director
Hawkley, Kerry 55 2005 Chief Financial Officer, Corporate Secretary
Harriman, Christopher 51 2006 President of U.S. Geothermal Services LLC
Glaspey, Douglas 56 2004 Chief Operating Officer, Director
Kitz, Kevin 48 Vice President - Development of Geo-Idaho
Cline, Robert 52 Vice President - Engineering of Geo-Idaho
Larkin, Paul 58 2003 Independent Director
Mink, Leland 69 2006 Independent Director
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Biographies

Name Description
Walker, John John H. Walker is Independent Chairman of the Board of U.S. Geothermal Inc. since December 2003. He is Managing Partner of the IMG-Aurion Infrastructure Fund, a North American US$500 million dollar infrastructure fund based in Toronto and Washington D.C. with a focus on mid-market investment opportunities. He brings over 35 years experience in urban planning, energy security, investment banking and business diplomacy. Mr. Walker was a Founding Director of the Greater Toronto Airports Authority and was involved in the development of a $4.4 billion terminal complex at Toronto Pearson Airport, which was completed in 2005. He has held positions at Ontario Hydro, Loewen Ondaatje McCutcheon, Falconbridge, Mihaly International Canada, the Town of Oakville and the City of New Haven. Mr. Walker has a BS from Springfield College in urban studies and a Master of Environmental Studies degree from York University.
Kunz, Daniel Daniel J. Kunz is President, Chief Executive Officer, Director of U.S. Geothermal Inc. He is the co-founder, President of Geo-Idaho. He has served as a director of the company since March 2000, and was Chairman of the Board of Directors from March 2000 until December 2003. Prior to the acquisition of Geo-Idaho, he served as a director and the President for that company from February 2002 until the acquisition. Mr. Kunz was an executive of Ivanhoe Mines Ltd. from 1997, and served as its President, Chief Executive Officer and Director from November 1, 2000 until March 1, 2003. From March 2, 2003 until March 8, 2004, Mr. Kunz served as President of Jinshan Gold Mines Inc. Mr. Kunz has more than 30 years of experience in international mining, engineering and construction, including, marketing, business development, management, accounting, finance and operations. Mr. Kunz was a founder of and directed the initial public offering of the NASDAQ listed MK Gold Company (President, Director & CEO) and held executive positions with Morrison Knudsen Corporation (Vice President & Controller, and as CFO to the Mining Group). Mr. Kunz holds a Masters of Business Administration and a Bachelor of Science in Engineering Science. He is currently a director of several companies publicly traded on the Toronto Stock Exchange and the TSX Venture Exchange, including Jinshan Gold Mines Inc., Kenai Resources Ltd., and Chesapeake Gold Corp.
Hawkley, Kerry Kerry D. Hawkley is Chief Financial Officer, Corporate Secretary of U.S. Geothermal Inc. He has served as the company’s controller since July 2003, and became CFO as of January 1, 2005. Since July 2003, he has also provided consulting services to Triumph Gold Corp. From 1998 to June 2003, Mr. Hawkley served as controller, director and treasurer of LB Industries. Mr. Hawkley has over 30 years experience in all areas of accounting, finance and administration. He holds Bachelor of Business Administration degrees in Accounting and Finance. He started his career as an internal auditor with Union Pacific Corporation and has held various accounting management positions in the oil and gas, truck leasing, mining and energy industries.
Harriman, Christopher Christopher S. Harriman is President of U.S. Geothermal Services LLC. He has over ten years of power management experience and has eighteen years of industry experience. He worked for Black Hills Generation as plant manager of two 10 megawatt cogeneration facilities in southern Idaho. He also spent eight years with Exxon Shipping, and served in the U.S. Coast Guard. He joined the company in July 2006.
Glaspey, Douglas Douglas J. Glaspey is co-founder, Chief Operating Officer, Director of U.S. Geothermal Inc. He has served as a director of the company since March 2000, and served as its President from March 2000 until the acquisition of Geo-Idaho. He also served as a director and the Chief Executive Officer of Geo-Idaho from February 2002 until the acquisition, and continues to serve as President. From December 1986 to the present, Mr. Glaspey has been a Metallurgical Engineer and Project Manager with Twin Gold Corporation. Mr. Glaspey has 29 years of operating and management experience. He holds a Bachelor of Science in Mineral Processing Engineering and an Associate of Science in Engineering Science. His experience includes production management, planning and directing resource exploration programs, preparing feasibility studies and environmental permitting. He has formed and served as an executive officer of several private resource development companies in the United States, including Drumlummon Gold Mines Corporation and Black Diamond Corporation.
Kitz, Kevin Kevin Kitz is Vice President-Development of Geo-Idaho of U.S. Geothermal Inc. He joined the company in April 2003. He is a mechanical engineer with 19 years of geothermal power plant design, construction and operating experience with UNOCAL, with whom he worked until November 2002. He holds a Bachelor of Science in Mechanical Engineering and Material Science, and is a Professional Engineer in California. During his career with Unocal, he was a Production and Operations Engineer at the 75 megawatt Salton Sea geothermal power plant in southern California, a Senior Production Engineer at the Geysers geothermal field in northern California, and a Power Plant Engineering Advisor in the Philippines for geothermal power plants ranging from 12 to 55 megawatts.
Cline, Robert Robert Cline is the Vice President-Engineering of Geo-Idaho of U.S. Geothermal Inc.. He joined the company in February 2005. He is a civil engineer with 24 years experience developing energy and water resources projects in the western U.S. He holds Bachelor of Science degrees in Civil Engineering and Physics, and is a Professional Engineer in Arizona and Oregon. Prior to joining US Geothermal, he was the Manager of Engineering at Ida-West Energy Company, playing a key role in developing several hydroelectric and gas-fired generating facilities, and was instrumental in several highly successful hydroelectric acquisitions. Prior to 1991, he worked nine years for the US Bureau of Reclamation where he was involved in engineering, contracting and construction of various water resources related projects in Arizona.
Larkin, Paul Paul Larkin is Independent Director of U.S. Geothermal Inc. since March 2000. He served as Secretary of GTH until December, 2003, and served as a director and the Secretary-Treasurer of Geo-Idaho from February 2002 until the acquisition. Since 1983, Mr. Larkin has also been the President of the New Dawn Group, an investment and financial consulting firm located in Vancouver, British Columbia, and the President of Tyner Resources Ltd., a TSX Venture Exchange listed company. New Dawn is primarily involved in corporate finance, merchant banking and administrative management of public companies. Mr. Larkin held various accounting and banking positions for over a decade before founding New Dawn in 1983, and currently serves on the boards of the following companies which are listed on the TSX Venture Exchange: Tyner Resources Ltd., LNG Energy Limited, Kenai Resource Inc., and Condor Resources Inc.
Mink, Leland Dr. Leland R. Mink is Independent Director of U.S. Geothermal Inc. He is the former Program Director for the Geothermal Technologies Program, U.S. Department of Energy (DOE). Prior to working for the DOE Dr. Mink was the Vice President of Exploration for U.S. Geothermal Inc. He has also worked for Morrison-Knudsen Corporation, Idaho Bureau of Mines and Geology and Idaho Water Resources Research Institute.

Basic Compensation

Name Fiscal Year Total
Walker, John --
Kunz, Daniel 483,419
Hawkley, Kerry 249,740
Harriman, Christopher --
Glaspey, Douglas 449,884
Kitz, Kevin --
Cline, Robert --
Larkin, Paul --
Mink, Leland --
As Of 30 Mar 2009

Options Compensation

Name Options Value
Walker, John 0 0
Kunz, Daniel 113,494 25,449
Hawkley, Kerry 335,000 307,020
Harriman, Christopher 0 0
Glaspey, Douglas 44,268 28,221
Kitz, Kevin 0 0
Cline, Robert 0 0
Larkin, Paul 0 0
Mink, Leland 0 0

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