ON Partners Recruits CEO for POWWR
January 18, 2023 – Jake Espenlaub, Danny Bolger, and Omeed Veiseh of ON Partners have helped to place Matt Tormollen as the new chief executive officer of POWWR, a Manchester, England-based B2B energy SaaS provider and Five Elms Capital company. “Matt’s strong product and technical acumen, energy expertise, and proven ability to lead global teams make him the ideal candidate to lead POWWR’s next phase of growth,” said Stephanie Schneider, partner at Five Elms Capital. “His strategic mindset and track record of success make him a valuable addition to the team.”
Mr. Tormollen brings over 20 years of executive leadership in global, venture-backed businesses to POWWR. His experience in building high-performing teams that deliver demonstrable customer value in downstream energy through scalable cloud solutions drives POWWR’s strategic focus. Previously, he served as VP and general manager of Dover Fueling Solutions, where he led and managed the global software and service business. Before that, Mr. Tormollen was CEO of Devada. Prior to that, he was president and CEO of private-equity backed FuelQuest Inc.
In his new position, Mr. Tormollen will guide POWWR in its mission to create solutions for a sustainable energy marketplace by empowering energy suppliers and brokers to grow their businesses and minimize risks through transparent, connected journeys. “I couldn’t be more excited about leading the POWWR team,” said Mr. Tormollen. “The company has a rich heritage of delivering innovative SaaS solutions to energy professionals in the United States and the United Kingdom. Given the climatical and geopolitical challenges that currently pervade the energy industry, the need for POWWR’s platforms and professional services has never been greater.”
POWWR helps energy professionals sell and manage energy more efficiently by providing advanced platforms and simple solutions for suppliers and brokers. POWWR operates in both the U.S. and U.K. markets. It is backed by over 12 years of retail energy broker and supplier experience, 65-plus energy suppliers, over 1,400 registered brokers, and more than 1.68 million quoted B2B transactions.
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“We have powerful solutions cued up for release in 2023,” said Mr. Tormollen. “I look forward to drawing on all my experience to ensure we continue to exceed partner expectations through innovation and industry expertise.”
Proven Recruiters
With a primary focus on technology, consumer, industrial, and the life science sectors, ON Partners recruits C-level and board talent for public and private companies, as well as venture capital and private equity firms. Founded in 2006, the firm’s consultants work from offices in Atlanta; Boston; Chicago; Cleveland; Dallas; Menlo Park, CA; Minneapolis. MN; San Francisco; and New York. ON Partners was named one of the fastest growing search firms this year by Hunt Scanlon Media. The firm is now ranked as one of the 20 largest search firms in the nation.
Mr. Espenlaub serves the software, E-commerce, consumer, digital, and retail industries. Organizations he serves include public, private equity, and growth equity organizations with a focus on digital transformation. The functions he serves include go-to-market, product, technology, digital, and customer experience. Previously, he ran the technology practice at the Benefits Advisory Group.
ON Partners Recruits CEO for Royal House Partners
ON Partners recently assisted in the recruitment of Doug Hart as the new CEO for Royal House Partners (RHP), a CPS Capital-owned provider of residential HVAC, plumbing, and electrical services. Partners Baillie Parker and Matt Mooney led the assignment. “We are thrilled to have Doug join the RHP team,” said Jason Fenn, partner at CPS Capital. “Doug is an incredible leader and team builder with a proven track record. We believe Doug’s extensive background in HVAC and broader home services will allow him to execute our vision of building a leading provider of HVAC and plumbing services to the residential market.”
Mr. Bolger partners with established organizations to modernize and transform their technology infrastructure and collaborates with growth companies across multiple functions to build executive leadership teams. For larger, established organizations, such as Fiserv, Allscripts, and Digital Realty, he has placed CTO, CIO, and senior-level executives. With growth companies, Mr. Bolger has placed executive leaders across a range of functions including sales, marketing, technology, finance, and engineering. He previously served as talent acquisition manager at PepsiCo.
Mr. Veiseh recruits executive candidates across multiple industries including technology, industrial, consumer, life sciences, and financial services. He joined ON with a diverse academic and professional background. From leading business development for a mission-driven start-up, to managing organizational changes within multinational companies, Mr. Veiseh has a broad background in finance, strategy consulting, and project management. His focus is on the growth and development of people, relationships, and organizations as a whole.
Related: ON Partners Recruits Chief Revenue Officer for Seeq Corp.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media
