Tortoise Capital Advisors L.L.C.

Tortoise Capital Resources Corp.

TTO Board of Directors and Executive Officers 

Conrad S. Ciccotello, Director

Conrad S. Ciccotello serves as an independent director and audit committee chair of Tortoise Capital Advisors' closed-end funds. Dr. Ciccotello is an Associate Professor of Risk Management and Insurance at the Robinson College of Business, Georgia State University where he is also the Director of the Personal Financial Planning Program. As one of the nation's top scholars in financial services, Professor Ciccotello currently serves as a Research Fellow in the TIAA-CREF Institute. His research on financial services has been entered into the Congressional Record and cited in the Federal Register. Dr. Ciccotello has provided testimony to the Georgia Senate on investment policy and serves as an investment consultant to the University System of Georgia. From 2001-2007, he was Editor of Financial Services Review, the premier academic journal dedicated to the study of personal financial planning. Dr. Ciccotello's 45 published articles include several papers on master limited partnerships (MLPs) (see below), the subject of his doctoral dissertation at Pennsylvania State University.

Charles E. Heath, Director

Charles E. Heath serves as an independent director and compliance committee chair for the Tortoise Capital Advisors Funds. Mr. Heath was the Chief Investment Officer for Employers Reinsurance Corporation (ERC), retiring in 1999. ERC was owned by General Electric Co. It was a worldwide business with a $25 billion investment portfolio. He also served on ERC’s Board of Directors. Mr. Heath joined ERC in 1971 and was the CIO from 1989-1999. Mr. Heath was a past President of the Kansas City Society of Financial Analysts and attained the Chartered Financial Analyst (CFA) designation in 1974. He is a graduate of the University of Kansas, receiving the MBA degree in 1966. In retirement, Mr. Heath serves on a variety of Boards including the University of Kansas Endowment Association, Baker University, and the Lawrence, KS Memorial Hospital.

John R. Graham, Director

John Graham serves as an independent director and nominating and governance committee chair for the Tortoise Capital Advisors Funds. Dr. Graham serves as Executive-in-Residence and Professor of Finance in the College of Business at Kansas State University on a half-time basis. He is also Chairman and CEO of Graham Capital Management, Inc. (GCM), a financial services company which arranges financing, makes and manages public equity, private equity and real estate investments. Dr. Graham has over 40 years of financial and investment management experience, including 21 years as CEO of Kansas Farm Bureau Financial Services and seven affiliated companies including the Farm Bureau Insurance Companies and FB Capital Management, a registered investment advisor. His academic career included over 30 professional papers and publications including a co-authored book, Keeping What’s Yours: Estate Planning after Tax Reform. Dr. Graham currently serves on the Boards and investment committees of several public and private organizations.

           

Edward Russell, President

Ed Russell joined Tortoise Capital Advisors in 2006, in April 2007 he was named President for Tortoise Capital Resources Corp. and in June 2008 he was named President for Tortoise Gas and Oil Corp. Previously, Mr. Russell was a Managing Director at Stifel, Nicolaus & Company, Inc., where he headed the Energy and Power group. In a prior position, Mr. Russell served more than 15 years as an investment banker at Pauli & Company, Inc. and Arch Capital, LLC, and as a commercial banker with Magna Bank and Southside National Bank. He attended Maryville University in St. Louis, Mo.

Richard C. Green, Chairman 

Mr. Green is a founding partner and Managing Director of Corridor InfraTrust Management. He has spent more than 30 years in the energy industry serving as a CEO for more than 20 years. He demonstrated leadership and perseverance in pioneering both the strategy and successful execution of a significant business expansion of UtiliCorp United to a Fortune 30 company. UtiliCorp United was a multi-national electric and gas utility business and national energy marketing and trading business with revenues of $36.3 billion. Mr. Green has also been credited with leading a successful turnaround, executing a complete package needed to reposition Aquila during the energy market crisis of 2002. Aquila, formerly UtiliCorp United, was a $3 billion regulated utility serving a multi-state region. 

In 2008 Mr. Green founded The Calvin Group LLC, a consulting firm that leveraged the management and operational experience of the partners to consult energy companies. Rick is currently on the board and was previously a chairman of the Midwest Research Institute, and has also served on the board for the National Renewable Energy Laboratories in Golden, Colorado.

  

Dave Schulte, Chief Executive Officer and Director 

Dave co-founded Tortoise Capital Advisors in 2002 and is the CEO for all its public funds. He brings more than 16 years of experience, most recently as a private equity investor with Kansas City Equity Partners. His investments included early investments in Inergy Partners, LP (NRGY) and Markwest Energy Partners, LP (MWE). Prior to KCEP, Dave was an investment banker at Fahnestock & Co., (now Oppenheimer). He is a graduate of Drake University with a degree in Business Administration and a JD degree from the University of Iowa. He holds both CFA and CPA designations.

David W. Haley, Senior Vice President

Mr. Haley is a founding partner and Director of Corridor InfraTrust Management, and has over 20 years of experience in the energy industry. Prior to joining Corridor he was a Vice President of the Calvin Group, LLC, and a Managing Director of EnFocus, a consulting firm focused on risk management and structuring transactions for clients in the energy and financial services industries.

Mr. Haley was previously Vice President of Cross Commodity Trading for Aquila Merchant Services, where he directed a group engaged in market marking, risk management and proprietary trading of crude oil, natural gas, residual and heating oil, electricity, coal and financial transmission rights/transmission congestion credits. He was also responsible for managing the risks and optimizing a portfolio of asset investments including power plants, electric transmission, natural gas transportation and natural gas storage. Before joining Aquila, he was Vice President of Cinergy Corp. where he directed structuring, valuation analysis and transaction pricing for mergers & acquisitions and leveraged buyouts/financial restructurings of independent power projects.

  

Rebecca M. Sandring, Treasurer 

Ms. Sandring is a founding partner and Principal of Corridor InfraTrust Management and has over 20 years of experience in the energy industry. Before Corridor, Ms. Sandring served as Vice President with The Calvin Group, where she created strategic business plans resulting in third party investments and provided financial leadership to a wind development company, which resulted in planned project cost reductions.

Prior to joining The Calvin Group she was a Director of Finance for Aquila Inc. Aquila, formerly UtiliCorp United, was a $3 billion regulated utility serving a multi-state region. Ms. Sandring has a strong background in operational finance, which includes business valuations, project and corporate finance, process efficiency, implementation of complex GAAP accounting policies and internal accounting and risk system designs. As Director of Finance she was responsible for leading the internal finance team, which worked with external advisors regarding the strategic alternatives for Aquila, Inc. In her role as Director of Finance for the unregulated power generation division, which had over 4,000 megawatts of generation capacity, she was responsible for building the accounting, strategic planning and forecasting team and reporting processes for the Board of Directors. Ultimately, this body of work passed the review of a forensic audit.