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Meridian Energy makes senior appointment

Published by , Senior Editor
Hydrocarbon Engineering,

Meridian Energy Group Inc. has announced the appointment of Charles E. Schwenck as Executive Vice President, Law, and Chief Commercial Officer.

Schwenck will report to the Chairman and CEO and will be responsible for the company’s commercial relationships with its contractors, lenders, suppliers and customers, and will manage Meridian relationships with outside counsel.

Schwenck has served as the company’s principal outside legal counsel for several years and has been assisting the company as a senior legal, commercial and project financing advisor as part of that engagement. By joining Meridian on a full-time basis, he will be able to work more closely with Meridian’s executives, board members and counterparties to accelerate completion of the critical project agreements.

He will also manage the US$1.2 billion institutional equity and debt financing for the Davis Refinery, and move quickly into completing plans and agreements for several follow-on refineries, consistent with Meridian’s strategy for growth and change in the refining and hydrocarbon processing industries.

Schwenck has served in executive positions and as a board member at Ultrasystems Inc and LG&E Power and as General Counsel at Fluor Corp. and Division Counsel for one of the largest divisions of the Bechtel Group. He has also had a distinguished career in the private practice of law, including as a partner in international law firms K&L Gates, Morrison & Foerster and Greenberg Traurig, where he was Co-Chair of the firm’s Energy and Natural Resources Practice.

“Charlie has been an extraordinary asset to Meridian since he was originally engaged as outside counsel,” said William Prentice, Chairman and CEO of Meridian. “Having Charlie join Meridian in his new, full-time, role enables the company to move very quickly on its current project development and financing efforts. Meridian is fortunate to have a number of extraordinary opportunities, including the Davis Refinery in the Bakken, the Walton Station Refinery in the Permian and other sites in most of the other major shale basins. Charlie's skills and experience will greatly enhance our ability to capitalise on those opportunities.”

Schwenck added:“I am delighted to have the opportunity to become a full-time member of the Meridian team and work more closely with Meridian’s talented executives and professionals with whom I have worked over the past several years.”

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