William E. Macaulay

William E. Macaulay， Chairman and Chief Executive Officer of First Reserve， has been with the firm since its founding in 1983. He is responsible for supervision of all aspects of the firm’s investment program and strategy， as well as overall management of the firm. Mr. Macaulay sits on all of the firm's investment committees. Mr. Macaulay serves， or has served， as a director on the boards of 10 of the 50 largest oilfield service companies in the world with public market capitalizations in excess of $1 billion. Prior to acquiring First Reserve with Mr. Hill in 1983， Mr. Macaulay was a co-founder of Meridien Capital Company， a private equity buyout firm. From 1972 to 1982， Mr. Macaulay was with Oppenheimer & Co.， Inc.， where he served as Director of Corporate Finance with responsibility for investing Oppenheimer’s capital in private equity transactions. At Oppenheimer， he also served as a General Partner and member of the Management Committee of Oppenheimer & Co.， as well as President of Oppenheimer Energy Corporation. He was the founder and largest stockholder of Peppermill Oil Company. Mr. Macaulay holds a B.B.A. degree Magna Cum Laude in Economics from City College of New York and an M.B.A. from the Wharton School of the University of Pennsylvania， where he also has served as a member of the Executive Board. Additionally， he currently serves as Chairman on the Board of Directors of the Rogosin Institute and is Chairman of the Advisory Board of the City University of New York. Mr. Macaulay has also received a Doctor of Humane Letters （DHL） honorary degree from Baruch College.