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STEVE HELLMAN - Chairman of the Board and Co-Founder
Steve co-founded OILspace in 1999 to create a global software company focused on the energy industry. Prior to OILspace, he helped to co-found and establish Projector, which today is a large physical oil trading company. Projector globally trades crude and oil products through its network of offices in London, New York, Geneva, Singapore, Seoul, Santiago, Kiev and Moscow.
Steve, an American national, is fluent in Russian and Mandarin and received an MS degree in Industrial Engineering and an AB in Political Science and Slavic Languages from Stanford University in 1987. Before co-founding Projector, Steve worked with another major commodities trading company where he managed a commodity related investment portfolio of approximately USD 100 million in the former Soviet Union.
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LAWRENCE AUSTEN - Board Member and Co-Founder
Lawrence co-founded OILspace and serves as a board member. He began his career in 1992 when he joined Phibro, Salomon Brothers' proprietary energy trading subsidiary and one of the world's largest energy traders. During his five years at Phibro, he designed and implemented Phibro's worldwide risk management platform and deal valuation analytics using NeXT's object-oriented development environment. In 1997, Lawrence moved to Salomon Brothers fixed income trading floor, where he designed and implemented innovative multifactor, nonparametric models of interest rate dynamics. In 1998, he accepted a position to head currency and fixed income derivatives trading at Renaissance Capital, which he left to co-found OILspace.
Lawrence graduated with First Class Honors in Economics from the University of British Columbia, where he won numerous academic awards, including the prestigious Social Sciences and Humanities Research Council of Canada Special MA Scholarship. He then accepted a full scholarship to Stanford's Graduate School of Business PhD program, where he focused on auction theory, marketing of high technology products and the numerical implementation of quantitative analysis algorithms.
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STEVE HUGHES - President & Chief Executive Officer
Steve has contributed to the success of many software companies and immediately prior to joining OILspace, he was CEO of Carnegie Information Systems, a provider of highly customizable CRM software solutions. Prior to Carnegie, Steve was the Vice President of International Operations of Europe for YOUcentric, which was purchased by J D Edwards (since acquired by Peoplesoft, now Oracle). At YOUcentric, along with building the company's operations from scratch in the UK and Europe, he participated in the company's IPO, merger and acquisitions activities. He gained significant exposure to the process, and built relationships within both the software and investment community that he has sustained and strengthened since.
Steve has also built relationships and business partnerships with key executives within CGEY, PWC and others. Prior to YOUcentric, Steve served on the management teams at POINT Informations Systems, Seer Technologies and Legent Corporation.
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