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Business Services Industry

TransEnergy Hires Financial Heavy Hitter; Bill Flores Joins Houston Energy Software Company as New CFO

Business Wire, Jan 28, 1999

HOUSTON--(BUSINESS WIRE)--Jan. 28, 1999--William H. "Bill" Flores has been named senior vice president and chief financial officer for TransEnergy, the premier international provider of integrated energy transaction management software solutions. Flores, former senior vice president and chief financial officer for Western Atlas Inc., brings extensive financial expertise in the energy industry to TransEnergy.

"To be the leader in a competitive and dynamic industry like ours, you need top players. In both financial and energy circles, Bill is a heavy hitter in terms of his high-profile accomplishments," noted Bill Rollwitz, TransEnergy president and CEO.

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In his most recent position at Western Atlas, Flores helped negotiate and execute the merger between Western Atlas and Baker Hughes Incorporated. In addition, he aided with the spin-off of UNOVA Inc., the company's industrial automation segment, and served as a key member of the company's mergers and acquisition team in 1997 and 1998.

Flores' responsibilities at TransEnergy will include strategy, planning, internal and external reporting, investor and financial relations, banking and treasury, accounting, taxes, information technology, human resources, insurance and risk management, as well as mergers and acquisitions.

"I view TransEnergy as an incredible opportunity to add value to a company that already boasts a strong product line in a growing marketplace, loyal customers, great people and a strong management team," said Flores.

Prior to joining Western Atlas, Flores worked for Marine Drilling Companies Inc., serving in various capacities during his 17 years of service, most recently as executive vice president, chief financial officer and member of the board of directors.

Flores received his MBA from Houston Baptist University and a BBA in accounting from Texas A&M University.

"TransEnergy has grown rapidly over the past 10 years. It is transitioning into a sophisticated company that not only can compete in, but lead the rapidly developing energy commodities software solutions marketplace," noted Flores. "I am here to further bolster TransEnergy's infrastructure so that the company may continue to thrive in this new era."

Added Rollwitz: "Bill is exactly the person we need to lead TransEnergy through our financial endeavors. We have been working to build a top executive team, and Bill both complements that team and provides strong leadership for the future. With Bill's renowned expertise, he was the obvious choice for our CFO."

Since 1988, TransEnergy has set the industry standard for energy marketing software and related services with the TRANSENERGY MANAGER(TM) suite. Version 5 incorporates performance, usability and integration in a software suite providing marketing, transportation and risk management of electricity, natural gas and other energy commodities. TransEnergy is headquartered in Houston and maintains operations in Canada, Australia and Europe. For more information, visit TransEnergy at www.transenergy.com.

Business Services Industry

TransEnergy Hires Financial Heavy Hitter; Bill Flores Joins Houston Energy Software Company as New CFO

Business Wire, Jan 28, 1999

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