Locations
Energy 5.0
Pres.
Key Contacts
Owners, Principals & Senior Executives
Bernard H. Cherry's Bio
Bud Cherry has consistently delivered management excellence and value in senior leadership positions in his 40 year career in the energy sector. Currently, in addition to his leadership of Energy 5.0, he serves as a Director of Northern Power Systems (NPS), a supplier of leading edge wind generation equipment and as a Director of Catalytic Solutions Inc (CSI), a supplier of advanced emission control systems.
Bud recently completed his tenure as Chief Executive Officer of Northern Power Systems after leading the successful reorganization of the NPS predecessor parent company, Distributed Energy Systems Inc (DESC). Bud served as CEO for these companies from late 2007 thru 2008.
Bud was Chief Executive Officer of the Foster Wheeler Global Power Group (GPG) from 2002 until mid-2006. GPG provides a wide range of boiler equipment, goods and services to a broad spectrum of customers in power generation. The group has a significant presence, including 4 manufacturing facilities, in North America, Europe and Asia and employs more than 2000 people worldwide.
Bud joined Foster Wheeler Ltd. (FWLT) as part of the turnaround management team with responsibility for solving a broad range of complex and challenging issues in the Global Power Group which were significantly and adversely impacting the profitability and viability of the entire company. He was successful in resolving these issues and in restructuring the group and restoring it to significant profitability. Bud's creative and tenacious leadership as CEO of GPG was instrumental in the survival of the company and was a critical aspect of the extraordinarily successful turnaround of Foster Wheeler Ltd.
Prior to his tenure at Foster Wheeler, Mr. Cherry was a member of the senior management team of the Oxbow Group for 18 years. Bud was the President and Chief Operating Officer of the Oxbow Energy and Minerals Group and played a key leadership role in the creation and growth of Oxbow's global energy activities. Bud joined Oxbow in 1985 with responsibility for power generation. Under Bud's management, Oxbow successfully developed, financed, constructed, operated and ultimately, profitably sold 7 power generation facilities located in the US, Asia and Latin America. Bud also consolidated and led the Oxbow trading and fuel production affiliates. Under his leadership, Oxbow succeeded in developing, financing and operating significant and successful underground coal mining and coal bed methane production ventures in western Colorado. These consolidated trading and fuel production businesses formed the foundation for Oxbow's continued profitable and successful expansion.
From 1967 to 1985 Mr. Cherry served in positions of increasing responsibility at General Public Utilities Corp (GPU). During his tenure as Vice President of Corporate Planning, Mr. Cherry successfully developed and managed the complex and innovative $1 Billion financing program for the cleanup of the Three Mile Island 2 Nuclear Facility.
Mr. Cherry began his career as a Nuclear Engineer at United Nuclear Corporation (UNC) and holds a BS in Chemistry and MS in Nuclear Engineering, both earned at the University of Illinois.
Vincent P. Zodiaco's Bio
Vince Zodiaco has broad experience and many successes in the energy industry. Educated as an engineer (BCE Villanova University and MS Pennsylvania State University) and a veteran of the Navy nuclear power program he has been successful in the regulated utility, independent power, coal mining, natural gas development and consulting sectors.
Prior to joining Energy 5.0, Vince spent fourteen years with the Oxbow Group of Companies. As President of Gunnison Energy Corporation (GEC), he precipitated the founding and managed the organization of that Colorado based natural gas exploration and development company as a diversification of Oxbow’s coal mining interests. GEC acquired an extensive natural gas lease position in the Peance Basin which it is currently proving and producing.
Vince was President of Oxbow Mining Inc., owner and operator of two Colorado underground coal mines. The second of the two mines, the Elk Creek Mine designed and constructed during his tenure is currently one of the most successful and productive underground mines in the US.
Vince has substantial experience in renewable energy. From 1994 to 2002 he managed the operations and technical support (permitting, engineering, construction geologic), functions for Oxbow's seven independent power plants. Five of the facilities were geothermal generating plants the remaining two were fueled by natural gas. Three of the geothermal facilities were constructed under his direction. Vince managed and was responsible for the development, design and construction of the North Tonawanda Cogeneration Facility a 60 MW combined cycle project from it's inception as a green-field opportunity through construction to ultimate sale as a successful operating asset.
At Oxbow Power Vince was also instrumental in wind power assessments and project initiation in Nevada, Kansas and Texas.
Prior to his association with Oxbow, Vince spent two years in a successful consulting practice; nine years working as a managing executive responsible for technical and financial planning and sales of two Pennsylvania coal companies for a subsidiary of Elf Aquitaine; and nine years working in positions of increasing responsible in nuclear operations and fuel supply functions for GeneralPublic Utilities Corporation.
Finance & Accounting
Zachary A. Cherry's Bio
Zachary A. Cherry joined the company as Vice President of Finance at the beginning of 2008. Zac brings more than ten years of comprehensive finance, investment and strategic advisory experience to Energy 5.0's executive team. Over the course of a decade on Wall Street, he has developed an acute proficiency in qualitative and quantitative analytics, negotiation as well as complex transaction structuring.
In 1997, Mr. Cherry began a successful career on Wall Street as a Financial Analyst in Salomon Brother's Investment Banking Division. He acquired both domestic and international, corporate finance and broad market experience, working in Salomon's New York and London Offices. In 1999 Cherry joined Neuberger Berman as an Equities Analyst. In his 6 years at Neuberger, Zachary ascended to Senior Lodging & Leisure Analyst, formulating proprietary investment ideas for recommendation to Neuberger's portfolio management team. He went on to found Cherry Capital LLC, a boutique strategic and finance advisory firm facilitating financing, development and investment across an expansive array of industries.
Cherry graduated from Brown University in May 1997 with a Bachelor of Arts degree in Business Economics.