As an entrepreneurial energy industry executive, I am passionate about helping companies turn around distressed businesses to deliver profitable growth and increase the value of their assets, while effectively managing risk and delivering savings. I have built my success on 20+ years as a respected global business leader with a unique combination of both sales and trading activity leadership in energy commodities across banking, utilities, and hedge funds including at JP Morgan, American Electric Power, and Bear Stearns. One of the highlights of my career was rebuilding and turning around JP Morgan’s failing coal business from a dramatic loss of $250 million into a global coal business generating revenues of $75 million in less than 3 years.Throughout my career, I have successfully rebuilt and managed multi-million businesses across a range of energy products including power, gas, coal, and environmental products. A strategist and effective negotiator, I have originated and converted multiple deals based on physical/financial energy and commodities market insights. A quick study and innovator, one of my key strengths is my ability to rapidly size up business potential/opportunity, and develop strategies and pragmatic plans to drive change and transform businesses through my expertise in: • Business & Procurement Strategies • Trading & Hedging Strategies • Derivative Transactions • Portfolio Management• Physical/Financial Energy & Commodities Market Insights • Global Sales & Marketing • Risk Management & Cost Control • Deal Origination, Structure & Execution • Coaching & Developing Sales &Trading TeamsWith an extensive global network, I have been the most senior commercial point of contact with CEOs, CFOs and Chief Commercial Officers of both power consumers and producers across the globe. My ability to build relationships with clients and consistently deliver results has enabled me to become a trusted advisor to CEO’s and industry leaders alike.
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Managing PartnerJjm Resources LlcHouston, Tx, Us
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Advisory Board MemberAlpha Omega Power Llc Jun 2023 - PresentHouston, Texas, United States -
Managing PartnerJjm Resources Llc 2017 - PresentHouston, TexasJJM Resources is a Consulting and Advisory business that was incorporated in 2017 in Houston, Texas. JJM Resources provides a range of Consulting, Advisory, Risk Management and Business Structuring across the energy commodities trading and marketing sector and asset businesses.JJM Resources act as a consultant, principal or shared revenue partner in the following services:• Commodity Procurement, Optimization and Risk Management• Asset Valuation, Optimization and… Show more JJM Resources is a Consulting and Advisory business that was incorporated in 2017 in Houston, Texas. JJM Resources provides a range of Consulting, Advisory, Risk Management and Business Structuring across the energy commodities trading and marketing sector and asset businesses.JJM Resources act as a consultant, principal or shared revenue partner in the following services:• Commodity Procurement, Optimization and Risk Management• Asset Valuation, Optimization and disposal• Business Review and Restructuring• Restructuring Marketing and Trading organizationsSpecific areas we have consulted in:• Marketing and Trading• Advisory and Optimization• Risk Management• Business Structuring• Asset Valuation and Disposal• Contract reviews, negotiation, structuring and monetization’s Show less
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Managing Director, Global CommoditiesJ.P. Morgan 2008 - 2016In 2010, I was selected to take over JPM Global Coal trading after the business suffered material losses. Moving from Houston to London to lead both sales and trading activities, I became the only commodity leader out of 5 executives responsible for a global business. Facing significant internal and external challenges, I rebuilt and turned around JP Morgan’s failing coal business from a dramatic loss of $250 million into a global coal business generating revenues of $75 million in… Show more In 2010, I was selected to take over JPM Global Coal trading after the business suffered material losses. Moving from Houston to London to lead both sales and trading activities, I became the only commodity leader out of 5 executives responsible for a global business. Facing significant internal and external challenges, I rebuilt and turned around JP Morgan’s failing coal business from a dramatic loss of $250 million into a global coal business generating revenues of $75 million in less than 3 years. I subsequently ran JPM’s EMEA Gas, Power, Emissions & Global Coal trading run out of London, Houston, and Singapore and delivered $135 million in revenues. When JP Morgan sold the EMEA physical commodities business to Mercuria in 2014, I led the transition delivering minimal business disruption while maintaining team morale. Show less -
Managing DirectorBear Energy 2006 - 2008Houston, Texas AreaBear Energy was a subsidiary of Bear Stearns and subsequently acquired by JP Morgan in June 2008. I was hired as key member of initial startup team to build out Bear Energy as a North American merchant energy, physical commodities trading and marketing business. While there, I managed the P&L for the Americas coal business, led all trading and risk activities for coal, environmental and weather products, and built a merchant franchise trading business that was awarded the #1… Show more Bear Energy was a subsidiary of Bear Stearns and subsequently acquired by JP Morgan in June 2008. I was hired as key member of initial startup team to build out Bear Energy as a North American merchant energy, physical commodities trading and marketing business. While there, I managed the P&L for the Americas coal business, led all trading and risk activities for coal, environmental and weather products, and built a merchant franchise trading business that was awarded the #1 North American coal business by Energy Risk Magazine. Show less -
Managing DirectorSaracen Energy 2005 - 2006Houston, Texas AreaOne of initial key hires in the startup energy hedge fund, I speculatively traded in coal, weather and SO2 emissions markets at inception. I also provided fundamental analysis to support trading strategies across natural gas and power desks. -
Vice President, Head Of Us Coal And Emissions- Sales, Trading And ProcurementAmerican Electric Power 2001 - 2004Columbus, Ohio AreaAt AEP, a leading energy company and one of the largest electric utilities in the US, I transformed and rebuilt the procurement business into a commercially-focused trading and sales organization that focused on 3rd party marketing delivering annual savings of millions of dollars. I also:• Developed and executed fossil fuel and emission procurement strategies achieving optimum fuel sourcing at the lowest possible net cost per MW of generated energy. • Delivered ~3-5% lower… Show more At AEP, a leading energy company and one of the largest electric utilities in the US, I transformed and rebuilt the procurement business into a commercially-focused trading and sales organization that focused on 3rd party marketing delivering annual savings of millions of dollars. I also:• Developed and executed fossil fuel and emission procurement strategies achieving optimum fuel sourcing at the lowest possible net cost per MW of generated energy. • Delivered ~3-5% lower procurement cost over budget in a dramatically rising cost environment. Focused eastern fleet on synthetic fuel (synfuel) machine placements and purchases resulting in ~$50 million annual savings in procurement costs.• Negotiated procurement contracts to incorporate credit and performance terms resulting in > 95% of contracted coal delivered in 2002/2003 versus 80% in 2001. Restructured 6 long-term contracts (>$100 million in future value). Show less -
Vice PresidentEnron 1995 - 2001Houston, Tx / Portland, OrBeginning my career in energy at Enron before its bankruptcy in 2001, I quickly moved from upstream oil and gas analyst to the power trading floor trading electricity, and on to sales and marketing with direct client interface. Within 3 years, I was promoted to Director leading trading of the Southwest electricity book of business, and then to Vice President leading all aspects of North American coal trading including structuring of transactions, sales, origination, marketing, trading… Show more Beginning my career in energy at Enron before its bankruptcy in 2001, I quickly moved from upstream oil and gas analyst to the power trading floor trading electricity, and on to sales and marketing with direct client interface. Within 3 years, I was promoted to Director leading trading of the Southwest electricity book of business, and then to Vice President leading all aspects of North American coal trading including structuring of transactions, sales, origination, marketing, trading, risk management and leading business units with P&L responsibility. I delivered ~$10 million in market origination revenue, and worked directly with the dealmaker on 2 separate closed transactions: $300 million management buyout of a publicly traded company and on $10 million equity investment in a privately held company. Show less
Kevin J. Mcgowan Skills
Kevin J. Mcgowan Education Details
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Finance, General -
Civil Engineering -
Mathematics -
Boston College High SchoolCollege Prep
Frequently Asked Questions about Kevin J. Mcgowan
What company does Kevin J. Mcgowan work for?
Kevin J. Mcgowan works for Jjm Resources Llc
What is Kevin J. Mcgowan's role at the current company?
Kevin J. Mcgowan's current role is Managing Partner.
What schools did Kevin J. Mcgowan attend?
Kevin J. Mcgowan attended University Of Pennsylvania - The Wharton School, Rutgers University-New Brunswick, Boston College, Boston College High School.
What skills is Kevin J. Mcgowan known for?
Kevin J. Mcgowan has skills like Commodity, Energy, Risk Management, Commodity Markets, Hedging, Derivatives, Strategy, Trading.
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