Excelerate makes board changes

Excelerate announced the election of Tyler Todd to its board effective October 10, while Henry Kleemeier retired from the board effective October 9.

Todd will serve on the compensation and nominating and corporate governance committees.

He currently serves as senior vice president of business development at Kaiser-Francis Oil Company, an upstream oil and gas company owned by George Kaiser, Excelerate’s controlling stockholder, which he joined in 2014.

Prior to joining Kaiser-Francis Oil, Todd worked at WPX Energy, where he held various petroleum engineering roles.

Todd currently serves as a director of Endeavor Natural Gas III (a Kaiser-controlled entity) and as a member of the industry advisory board for the Mewbourne School of Petroleum & Geological Engineering at the University of Oklahoma.

“We are very pleased that Tyler Todd has agreed to join the Excelerate board,” said Steven Kobos, president and CEO of Excelerate.

“He brings a wealth of operational, technical and strategic planning experience to the board and we look forward to working with him as the company continues to expand its presence in both new and existing markets around the world.

Former US ambassador Peter Haas recently also joined Excelerate as a strategic advisor, as the FSRU player continues to expand its business.

Excelerate operates ten FSRUs, one of the world’s largest fleets of such vessels, and these units are located worldwide.

These FSRUs are located in Bangladesh, Finland, Brazil, Dubai, Pakistan, while one FSRU will also start serving the second FSRU-based LNG import terminal in Germany’s Wilhelmshaven later this year.

In addition to these 10 FSRUs, Excelerate also ordered one 174,000-cbm FSRU at South Korea’s Hyundai Heavy Industries in 2022. The FSRU is scheduled for delivery in June 2026.