Management Team

Richard F. Albosta, Office of the Chairman

Mr. Albosta is a member of the Office of the Chairman of Olympus Holdings, LLC and a Senior Advisor to the President of Olympus Power, LLC. in addition to undertaking various senior level assignments for Olympus Power, LLC and its subsidiaries, Mr. Albosta has over 35 years of experience in the energy, engineering and construction businesses and also the environmental business.. He has held a variety of senior level management positions during this time in the electric energy businesses mentioned, including presiding as CEO of two large companies, one of which was Ebasco Services, Inc. (Ebasco) which was consistently ranked in the top three Engineering & Construction Companies during the 1980's and 1990's, with sales in excess of $1.2 billion. He has also performed a number of high level consulting assignments in recent years with leading companies engaged in the heavy engineering, construction, and environmental fields. Mr. Albosta has also been active as a member of the Board of Directors of several companies, including the Columbia Energy Group, ConneXt Inc. and Crompco, Inc.

Mr. Albosta began his career in the energy, industrial, process, and infrastructure field in the 1970's with Litton Industries and the Engineering and Construction Group of Boise Cascade Corporation rising to senior level positions in finance, administration and operations, including the management of several businesses. He spent nearly 25 years with Ebasco, which was founded in 1905 and known for its long standing power business, rising to Chief Executive Officer for a period of eight years. During this period, after assuming an operating position at Ebasco, he changed the profile of the company over a period of years to embrace a diversified market portfolio of businesses in the engineering, consulting, environmental, and construction businesses. Ebasco, during his tenure as CEO, was one of the first companies to embrace the independent power market and develop competitive skills to embrace the new methods of planning and building power facilities with third party financing. During his tenure as CEO with Ebasco beginning in 1985, until the sale of Ebasco to Raytheon in 1994, the market value of Ebasco was increased by a factor of five.

Mr. Albosta holds a BS degree from the University of Pittsburgh and also holds an Executive MBA degree from the Wharton School of Business. Mr. Albosta is also a CPA.