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MOSSADIQ S. UMEDALY CHAIRMAN
Umedaly is also the Chairman of BC Hydro, one of North America's leading providers of clean, renewable energy, and the largest electric utility in British Columbia, serving approximately 95 per cent of the province's population and 1.7 million customers, with revenues greater than $4 Billion. From 1990 to 1998, Umedaly was the Vice President and Chief Financial Officer of Ballard Power Systems, the world’s leading fuel cell company. At Ballard, he played an instrumental role in securing key strategic partnerships and in developing, financing and positioning the company for growth. During this period, the value of the company increased from US$10 million to US$6 billion. Umedaly has also held senior positions in the Aga Khan Development Network, playing a key role in planning, developing and operating a US$300 million medical university and teaching hospital in Karachi as the Director of Finance, Planning & Information Systems. He started his career in 1975 with Price Waterhouse and spent five years in their Toronto and Rome offices. In April 2005, Umedaly was appointed by the Premier of British Columbia to lead the Alternative Energy and Power Technology Task Force to develop an implementation plan for the “Vision to Grow a World Class Power Technology Cluster in a Sustainable British Columbia,” a report which he authored. The Premier and the Government of British Columbia have since adopted most of the recommendations contained in the report in the Province’s Clean Air and Energy Plan. Umedaly is a member of the Premier’s Climate Action Team and the Premier’s Technology Council in British Columbia. He is a member of the steering committee of the Institute of Climate Change Solutions at the University of Victoria and serves on the advisory boards for the Faculties of Business at Simon Fraser University, British Columbia and McMaster University, Ontario. He is also a director of the Vancouver Board of Trade, a board member of the US Department of Energy’s National Centre for Photovoltaics, and a member of the David Suzuki Foundation’s Business Council on Sustainability. Umedaly holds a Bachelors and Masters degree in Business Administration from McMaster University, is a Fellow of the Canadian Institute of Chartered Accountants, and he is a Institute-certified Director, ICD.D, from the Institute of Corporate Directors. He has received a number of awards for his accomplishments in business and contributions to society. Most recently, in November, he received the Leadership award from the BC Export Awards and, in September, the 2007 North American Alternative / Renewable Energy Lifetime Achievement Award from Frost & Sullivan. In 2004, he received Ernst & Young’s Pacific Region Entrepreneur of the Year for the Technology and Manufacturing category, and in 2003 he received the British Columbia Technology Industries Association’s award for Person of the Year and the Wayne C. Fox Distinguished Alumni Award from McMaster University’s DeGroote School of Business. Umedaly strongly believes in giving back to the community and society. Throughout his career he has played an important role in many philanthropic organizations and has been a significant contributor in the form of time, knowledge, and capital. Over the last twenty years his philanthropy has been directed to organizations such as: Aga Khan Foundation, United Way, BC Cancer Agency, various universities in Canada, Focus International, Canadian Network for International Surgery, and the Uganda Clubfoot Project which has since been adopted in several African and Latin American countries. | ||
Mossadiq S. Umedaly is the Chairman of Xantrex and was previously the Chief Executive Officer from 1999 to 2003. During this time he repositioned and transformed the company from a small niche player to a world leader in advanced power electronics. His focused business strategy, targeted at high growth markets, has helped Xantrex grow its revenues from US$10 million in 1998, to an estimated US$230 million in 2007. 
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