Ric Sorbo Email & Phone Number

Chapel Hill, NC, US

North Carolina, United States

The MTWM program covers estate and trust administration, personal financial planning, portfolio management, tax planning, insurance, risk management, and retirement planning.

North Carolina, United States

2018- PRESENTImmediately prior to, and during the pandemic, I devoted my time to the care of three elderly family members living in NYC who relied on me for all their needs. I relocated my mother and her companion to where I lived in 2020 and cared for both until they died (recently). I acted/am acting as the Executor of all three estates. I also devoted.

New York, New York, United States

• Key member of a $3 Billion energy and infrastructure private equity fund with over seventy employees and offices in New York, Houston, London, New Delhi and Singapore.
• Critical role in transaction activities, including leading the technical/operational diligence efforts and performing fundamental analysis of companies and industries.
• Aligned objectives and bridged communication for global asset management of acquired companies, spearheaded, created and implemented the asset management framework at both the portfolio company and fund levels.
• Shaped and drove strategic plans and key performance indicators; defined levels of authority, budgeting and compliance requirements, implementation of ESG measures, and risk, valuation and reporting protocols.
• Acquisition team member for portfolio companies in the energy and infrastructure space (hydro, transportation, midstream, and power generation fields), with invested capital value of greater than $600 million, annual.
• Key board member of portfolio companies in energy and infrastructure.

Calgary, Canada

• Instituted support structures for the Office of the President for SNC-Lavalin, a full service engineering and construction provider with more than 35,000 employees operating in over fifty countries.
• Groomed and guided a staff of 21 Senior Vice-Presidents and General Managers which included 3,400 people across global locations including Canada, the U.S., India, the UK, Colombia, Venezuela, UAE, and Saudi Arabia.
• Oversaw annual turnover of $840 million dollars in operations/project execution and P&L.
• Reversed operating loss in my division from ($11 million) in 2012 to $46 million in 2013 by applying business acumen and discipline to LS projects, and reducing expenses by 3% through efficiency measures.
• Increased cash flow by 8%.
• Bolstered business through improved customer relations including award of strategic projects in Canada and Iraq.

Houston

• Directed Executive Leadership Teams of the E&C groups of upstream, midstream, downstream, chemicals, biofuels, mining and PMC projects, with annual turnover in excess of $400 million.
• Amplified operating income by 5.4% in the midst of a severe downturn in energy business by focusing on customer relations, streamlined payment billings and receipts, and actualizing change/risk on projects.
• Influenced decisions of a group of VPs and project managers across global locations including Brazil, Argentina, Mexico, Abu Dhabi, the US and Canada.
• Enhanced project delivery capabilities of the organization by developing/implementing standardized execution policies and procedures.

Houston, Texas

• Accountable for P&L and global project execution for the ethylene business unit, a proprietary Shaw technology with annual turnover of $600 million, approximately 75% of the business unit’s revenue.
• Advanced net income from $97 million in 2008 to $149 million in 2009 for the group, with margins increasing from 7.5% to 25%, among the best in the global EPC business in a severe economic recession.
• Established and strengthened global joint venture with Korean company to pursue EPC projects.
• Improved P&L and global project execution for the petrochemicals business unit by increasing turnover 20% to $200 million.
• Furthered profitability of high risk projects through stimulation of security payments and elimination of delinquent payments.
• Expanded operating margins by 4% and annual cash flows by 7%.

Charlottesville, Virginia Area

• Promoted learning outcomes in teaching methodology of Advanced Placement Calculus AB/BC, equivalent to the first year of college calculus.

Houston, Texas Area

• Head Project Director on $8 billion oil sands project in Alberta, Canada from 1999 to 2003, optimized project organization and direction for all operating partners (KBR, Fluor, SNC-Lavalin, Syncrude) for the basic.
• Coordinated and supervised project logistics on $110 million tobacco processing facility in Germany which was completed on schedule and 8% under budget, $700 million LNG expansion in Algeria which was completed on.
• Transformed and unified worldwide operations of the 400 person strong Construction Department.

U.S, South Africa

• Directed $80 million EPC refinery expansion in Durban, South Africa delivered 2% under budget and on time with no claims.
• Engineering management, and later, Home Office Project Manager, for a lump sum $600 million EPC chemical plant expansion in Singapore.
• Launched construction on two +$400 million grassroots chemical plants.
• Formalized project engineering and construction management on Lower 48 module assembly work and sealift operations for Prudhoe Bay, AK.

Mba, Finance And Strategy

Bs, Civil Engineering