Rick Truscott

Rick truscott

bookmark on deepenrich
Followers of Rick Truscott1000 followers
  • Timeline

  • About me

    Head of Business Transformation

  • Education

    • Texas a&m university

      1992 - 1995
      Mba business administration

      Activities and Societies: Graduate Assistant for the Accounting Department and Industrial Engineering Department. Completed a 1 year exchange program with an Austrian University resulting in a Magister degree being awarded in International Management. Prior to the exchange program, completed various intensive German language courses to prepare for the exchange program.After the exchange program, a internship was served with the Daimler Benz group. During the internship, the future strategy of the Group companies including Mercedes Benz, AEG, Deutsche Aerospace and Debis were evaluated and… Show more Completed a 1 year exchange program with an Austrian University resulting in a Magister degree being awarded in International Management. Prior to the exchange program, completed various intensive German language courses to prepare for the exchange program.After the exchange program, a internship was served with the Daimler Benz group. During the internship, the future strategy of the Group companies including Mercedes Benz, AEG, Deutsche Aerospace and Debis were evaluated and proposed. Show less

    • Johannes kepler universität linz

      1993 - 1994
      Magister international management

      Activities and Societies: Traveled extensively around Europe studying culture and European history. The program was predominately conducted in German with various classes offered by visiting professors from Sweden, Hungary and the United States given in English.

    • Texas a&m university

      1981 - 1985
      Bachelor of science mechanical engineering

      Activities and Societies: Corps of Cadets, Lt Gen Ormand R Simpson Honor Society, Ross Volunteers and the Fish Drill Team

  • Experience

    • Uss whale (ssn 638)

      Dec 1985 - Dec 1990
      Us naval officer

      Served as the Main Propulsion Assistant, Sonar Officer and Operations Officer during assignment on a US nuclear powered submarine. Received the highest possible rating for employment of sonar sensors during a Tactical Readiness Exam and a Navy Achievement Medal for coordinating operations with special forces units that included Navy Seals, Marine reconnaissance and Army rangers.

    • Coastal power corporation

      Jul 1995 - Dec 1998

      Initiated and led development efforts for power projects in the Philippines. Activities included the establishment of relationships with local business, governmental and financial entities and the identification of project opportunities. Coordinated commercial, technical and legal analyses of opportunities and the preparation of complex financial models for the evaluation of various power plant investment opportunities in Indonesia, Thailand and the Philippines. Performed preliminary review of regulatory, economic and political conditions in several Southeast Asian countries and prepared a regional business strategy. Show less

      • Director Project Development

        Dec 1996 - Dec 1998
      • Project Development Manager

        Jul 1995 - Dec 1996
    • Coastal corporation

      Jan 1999 - Oct 1999
      Director project development

      Established a representative office in Bangkok for the Coastal Corporation, a US$15 billion diversified energy corporation. Evaluated and identified potential business opportunities in the energy sector, specifically, electrical power plants, petroleum refinery operations and natural gas infrastructure.

    • Clp power international

      Nov 1999 - Apr 2001
      Business development manager

      Prepared a strategic portfolio acquisition plan which resulted in the CLP Group's acquisition of a US$600 million portfolio of power plant assets and development rights across the Asia-Pacific region including India, Thailand, Indonesia and Australia. Prepared and executed an integration plan to integrate the acquired assets into the CLP Group's organization. Led the purchase agreement negotiations for CLP's entry into the BLCP Power project and the subsequent reinstatement of the project's development activities. Managed the CLP office in Thailand from inception including the receipt of specific government approvals through to routine operations with a peak employment of approximately 50 expatriate and Thai employees. Show less

    • Blcp power

      Apr 2001 - Nov 2003
      Managing director

      As the Managing Director of BLCP Power, the developer of a 1,434MW coal-fired power plant, was responsible for the successful completion of a multiple stage, multiple currency, US$1.1 billion project financing, which was subsequently awarded various deal-of-the-year awards from Asia Money and Project Finance International Magazine. Managed stakeholder interests and concerns to convert public resistance to public support, resulting in the timely grant of the necessary environmental approvals.. Managed the timely completion of a major dredging and reclamation process, and negotiated complex project agreements, to ensure the construction of the power plant on schedule and under budget. Achieved a 50% higher return than the initial investment case through prudent management practices and the commercially astute negotiations of construction and financing agreements. Show less

    • Clp power thailand

      Sept 2002 - Feb 2006
      Managing director

      Responsibilities include the identification and development of new and expansion of existing businesses in Southeast Asia, as well as the management of the company's investments in Thailand which included a 1,434MW coal-fired power plant and an interest in Electricity Generating Public Company Limited (EGCO), a listed Thai company with a US$1.0 billion market capitalization. Served as a Director for EGCO, a publicly listed company on the Thai stock exchange from 2004 until 2006. Created business plans and founded several Thai companies to provide development, project management, construction management and operations and maintenance services to various CLP Group companies. Show less

    • Power generation services

      Oct 2004 - Mar 2009
      Managing director

      Developed and executed a strategic plan to attract and retain approximately 250 staff to provide the operations and maintenance services for the 1,434MW BLCP coal-fired power plant. Initial activities focused on enabling the organization through training and establishment of process infrastructure, which led to the successful takeover and subsequent safe, efficient and environmentally sound operation of the power plant. The initial operating period produced results better than world's best practices in terms of safety, technical and economic performance for new power plant facilities. Show less

    • Clp group

      Mar 2009 - Oct 2023

      Selected to drive transformation efforts across the CLP Group as a business to drive improved business performance through deep cultural and operational practices. As the Chief Operating Officer, led senior executives to develop and implement strategic plans to further drive reliability improvements and personnel development to improve world best practices. Entrusted with the Power Systems (US$1 billion profits) (transmission and distribution networks) of Hong Kong. Drove reliability to less than 1 average customer minutes lost of electricity supplied based upon strong management practices established.Led the established US$10 bn Hong Kong generation business into an improvement program retsulting in greater improvement and an improve safety performance of better than 100%. Overcoming systemic issues entrenched in an established business while improving morale and performancEe.Responsible for the successful completion of a multiple stage, dual currency, US$1.1 billion project financing, which was subsequently awarded project-deal-of-the-year awards from Asia Money and Project Finance International Magazine. The project is the largest project financed power plant in Thailand until today and included a record amount of Thai Baht financing.Created, implemented and subsequently managed a plan to staff, train, and manage a 250 member organization for the operation and maintenance of a 1,434MW coal-fired power plant to world-class performance standards.Established and maintained the rapport with governmental and community organizations necessary to turn resistance into public support for a major US1.4bn infrastructure project, resulting in the project being constructed on time and under budget.Spearheaded efforts into numerous Southeast Asian power markets and established the necessary relationships and strategies to undertake investments exceeding US$1.5bn. Show less

      • Senior Executive

        Nov 1999 - Oct 2023
      • Senior Vice President, SE Asia Business Development

        Mar 2009 - Mar 2010
    • Clp power hong kong ltd

      Feb 2011 - Apr 2014
      Director - generation

      Leads the generation team to ensure that Hong Kong's electricity needs are met through the operations and maintenance of CLP Power's generation assets in Hong Kong which consist of Castle Peak, a 4,108MW coal-fired plant, Black Point, a 2,500MW combined cycle power plant and Penny's Bay, a 300MW open cycle peaking facility, as well as the Cuanghou pumped storage hydropower plant facility a 1200MW asset.

    • American chamber of commerce

      Jan 2013 - Jan 2019
      Chairman of energy committee

      Leading discussion in Hong Kong regarding its objectives to be an international business hub and Hong Kong energy initiatives through the Chamber.

    • Clp power hong kong

      May 2014 - May 2017
      Senior director power systems
    • American chamber of commerce in hong kong (amcham hk)

      Jan 2017 - Jan 2023
      Governor
    • Clp power

      May 2017 - Dec 2020
      Chief operating officer

      Responsible for operations of the 120 year old regulated utility in Hong Kong providing 80% of Hong Kong's electricity needs. Key divisions include the transmission, distribution and generation teams in CLP Power's vertically integrated utility.

    • Clp group

      Jan 2021 - Oct 2023
      Head of business transformation

      Transforming into the Future

  • Licenses & Certifications

    • United states navy nuclear power program