David Biegler, the former Vice Chairman, President, and COO of TXU has joined Ambit Energy as an investor and adviser to the executive management team.This is the first time David has invested in a Texas-based Retail Electricity Provider. He expressed how excited he is about the opportunity to play a role in helping our company reach its potential and about joining our group of investors. Among the reasons he has joined us, David cites our experienced management team, our home-grown systems, our expansion into New York and Illinois, and our remarkable business model. He's impressed with our phenomenal growth and how we've demonstrated the ability to manage that growth very well. He also said that our strategic partnership with Shell Energy Trading speaks volumes about the respect we have earned from the giants in the industry in such a short time.
Mr. Biegler brings over 40 years of experience in the energy industry to the table. He joined ENSERCH, the parent of Lone Star Gas Company, in 1966 and served in a variety of management and executive positions including serving as Chairman, President, and CEO. He joined TXU in 1997 as the President and Chief Operating Officer. He became Vice Chairman in 2000 and retired from TXU in 2001. He is currently the Chairman of Estrella Energy, L.P., a transporter and processor of natural gas.
David has been involved in community and charitable activities throughout his career. He has served as President, Circle Ten Council, of the Boy Scouts of America. He has previously chaired the Greater Dallas Chamber of Commerce, the Dallas Citizens Council, United Way of Metropolitan Dallas and Education is Freedom. He holds a B.S. in Physics from St. Mary's University in San Antonio and completed the Advanced Management Program at Harvard University. He also serves as a board member of Southwest Airlines Company, Trinity Industries, Inc. and Dynegy, Incorporated.
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