HOUSTON, April 8, 2016 /PRNewswire/ -- eCORP International, LLC ("eCORP") Chairman and CEO John F. Thrash has announced that Vincent R. Volpe, Jr. will join the company effective immediately as Vice Chairman of the Board of Directors. Mr. Volpe will play a significant role in capital formation while serving as lead in the global launch of ecorpStim, the company's non-aqueous, chemical free extraction technology, together with advancing later stage, historic business lines of the company, including upstream assets, storage and power.
In joining eCORP, Mr. Volpe noted that "I am extremely excited by the well-balanced eCORP platform, which is a strong blend of early to mid-stage businesses with substantial growth opportunities even in this currently complex energy market. The Company's veteran management team is one of high integrity, significant sensitivity to environmental issues, and possesses substantial depth in developing adaptive, innovative technologies. The team has an impressive track record of success across the spectrum from well-head to burner tip."
Dr. Thrash stated, "I am delighted Vince has accepted our offer to join eCORP and in so doing, will bring to us his internationally recognized wealth of operational, corporate, and business development experience. We look forward to a fast-paced rollout of our service initiatives and expansion of our private as well as institutional funding base working with Vince as an industry-respected executive and valued addition to our Company."
Mr. Volpe served as President and Chief Executive Officer of Dresser-Rand Group, Inc. for the past 15 years, until leading its $7.6 billion dollar sale to Siemens during the summer of 2015. He became a member of the company's Board of Directors at the time it was acquired by First Reserve Corporation in October 2004. In August 2005 the Company was taken public and during his 10 year tenure as CEO the Company generated Total shareholder returns in excess of 350%.
Mr. Volpe joined Dresser in 1981 and over the past 34 years held positions of increasing responsibility in Engineering, Marketing, and Operations in the USA, Venezuela, Japan, France and the UK. In 1999 he was named Chief Operating Officer, responsible for worldwide manufacturing, technology and supply chain management, serving in that position until September 2000 at which time he became President and Chief Executive Officer of Dresser-Rand Company.
Mr. Volpe is proficient in five languages and earned a BS in Mechanical Engineering and a BA in German Literature from Lehigh University. He also serves on the Board of Directors of the FMC Company, as a member of the Audit Committee and Chairman of the Nominating and Governance Committee.
About eCORP International, LLC
Founded in 1978, Houston‐based eCORP and its predecessor companies have extensive oil and gas experience including underground natural gas storage, natural gas transportation, enhanced oil recovery in conventional reservoirs using propane and butane, exploration for and production of conventional and unconventional (shale) reservoirs, waterless and chemical‐free fracking technology, electric power generation and marketing of electricity and gas. www.ecorpintl.com and www.ecorpstim.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/former-president-and-ceo-of-dresser-rand-vincent-r-volpe-joins-ecorp-international-as-vice-chairman-300248711.html
SOURCE eCORP International, LLC