Wednesday, May 13, 2009

Allegro Development Appoints John Brown Vice President of Services

Allegro, the leading provider of energy trading and risk management (ETRM) solutions, announced today that John Brown has joined the leadership team as Vice President of Services. Mr. Brown will be responsible for Allegro’s global services organization, including consulting and project management. With nearly two decades of energy, ETRM and leadership experience, Mr. Brown will be an important asset as Allegro improves project management scope and ensures quality services to Allegro’s growing list of global customers.

“John’s diverse leadership expertise in operations, project management, consulting, and building customer relationships will enhance Allegro’s ability to implement and deliver valuable solutions and services to the world’s leading energy companies,” said Eldon Klaassen, Allegro founder and Chief Executive Officer. “He will be a tremendous addition to our management team as we leverage John’s knowledge and extensive industry experience to drive customer success.”

Most recently, Mr. Brown served as the Executive Vice President at Ventyx, a provider of business solutions for the energy industry, where he was responsible for consulting, data services, and analytics software business units. Prior to Ventyx, he was Chief Operating Officer of New Energy Associates where he oversaw the consulting, implementation, support and product management groups. Mr. Brown also held positions at the Continental Power Exchange, Inc. and EDS/Energy Management Associates.

About Allegro

Allegro is the global leader in energy trading and risk management (ETRM) solutions for producers, refiners, power and gas utilities, commodity traders and commodity consumers. With 25 years of steady growth and deep industry knowledge, our enterprise-wide trading and risk management platform drives transparency and efficiency across front, middle, and back offices, while also managing complex logistics associated with physical commodities. Allegro’s proven solutions provide traders, risk managers and management with flexible solutions - across all currencies and commodity types - that allow decision makers to hedge and execute with confidence. Allegro is headquartered in Dallas, Texas, and serves customers worldwide with offices in Calgary, Houston, London, Rotterdam, Singapore and Zurich, along with a global network of partners.

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