VANCOUVER, BC – Chrysalix Energy Venture Capital, one of the most active industrial innovation and alternative energy venture capital firms, announced the addition of long time energy executive, Michael Phelps, to the firm’s Advisory Board. As a Chrysalix Advisory Board member, Michael will draw on his extensive expertise in executive management, private equity and finance in the natural resource and energy sectors to provide counsel to Chrysalix and its portfolio companies on growth and business strategies.
Michael is highly regarded in the energy industry for his corporate leadership and knowledge of the political and regulatory environment in North America, as well as his deep knowledge of energy development in global markets including Indonesia, Mexico and China. Michael was a longstanding executive at Westcoast Energy (a natural gas company acquired by Duke Energy in 2002) where he served as Chairman and CEO from 1992 to 2002, as Chief Financial Officer from 1987 to 1989, and as a corporate development executive from 1982 to 1987. Currently Michael serves as the Director and Founder of Dornoch Capital and is a Director on multiple boards including Marathon Oil and Spectra Energy Corporation. His previous board positions include Director of Canadian Imperial Bank of Commerce (CIBC), Duke Energy, Canadian Forest Products, Deutsche Bank AG and Canadian Pacific Railway Company.
“We are honoured to welcome Michael Phelps to the Chrysalix Advisory Board. His accomplishments in the energy industry will provide Chrysalix and our portfolio companies with valuable support and guidance as we work together to commercialize game changing industrial innovations for the resource economy,” stated Wal van Lierop, Chrysalix President & CEO. “Michael has a long and distinguished career, having been a celebrated executive at many large resource companies, and was one of the very first investors in Chrysalix more than a decade ago. We are privileged to have him as a member of the Chrysalix team.”
Michael joins fellow Chrysalix Advisory Board members Matthias Bichsel, retired Royal Dutch Shell Executive Committee member; Peter Bryant, Senior Fellow of the Kellogg Innovation Network; Stefan Heck, Stanford University Professor and former McKinsey Director; Paul de Martini, former Chief Technology Officer at Cisco Systems; Mark Dudzinski, former Chief Marketing Officer at GE Energy; and John Thompson, former Vice President of Technology and Development at Teck Resources.
Chrysalix is one of the longest standing pure-play industrial innovation and alternative energy venture capital firms. The firm provides early-stage financing, hands-on assistance and strategic connections to innovation companies confronting the world’s most important energy and environmental issues. Chrysalix is consistently ranked among the most active sustainable innovation venture capital firms globally. Founded in Vancouver, Canada in 2001, Chrysalix has one of the strongest investment teams in the industry with deep energy, technology and entrepreneurial expertise, and is backed by more than 20 international blue chip industrial and financial investors. For more information, please visit chrysalix.com.