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Pricelock Expands Energy Markets Focus with Sales Leadership Hiring

Dec 12, 2012

REDWOOD CITY, Calif.--(BUSINESS WIRE)--December 12, 2012 07:40 AM Pacific Time -- Pricelock, a leader in online energy auctions, announced today that Jeff Rosenzweig, Zach Scott and Tim Leigh have joined the Pricelock team to support the growth of Pricelock’s platform for transacting energy and energy-related products including natural gas, power, distillates, coal, natural gas storage and railcar leases.

“We are continuing to innovate and are filling the gap for buyers and sellers of complex physical and financial commodity products left by traditional exchanges like ICE and CME,” said Naveen Agarwal, Chief Executive Officer. “We are excited to be joined by such a talented group of industry experts and are confident that their knowledge will bring value to our customers and drive our continued growth in this exciting and expanding market,” Agarwal added.

Jeff Rosenzweig brings a rich background in natural gas over-the-counter and futures markets. Prior to joining Pricelock, Rosenzweig ran his own brokerage firm, and had stints at both The InterContinental Exchange (ICE) and Sempra Energy Trading (SRE). Rosenzweig brings broad experience that spans trading, risk management, and sales and origination, along with a passion for making the energy industry more efficient. At Pricelock, he will be focusing on origination for its Northeast and Midcontinent business and is based in New York.

Zach Scott is joining Pricelock as Director of U.S. Power based in Houston, bringing nearly 15 years experience in the power industry, ranging from analytics, trading, dispatch, distributed generation and renewables. Scott started his career at Entergy (ETR) and went on to work at Calpine (CPN), JP Morgan (JPM) and Gazprom. Scott’s unique blend of transactional experience and deep understanding of power-market fundamentals bring value to our wholesale power customers including energy cooperatives, municipalities and government entities.

Tim Leigh has over twenty-five years optimizing energy, maintenance and risk management programs for Fortune 500 companies. Leigh has worked in all aspects of the business including Southern Company (SO), Service Resources Inc. one of the nation’s most successful ESCOs, consulting to utilities at Accenture (ACN) and as the Director of Energy for Macy’s (M). His hands-on experience enables Leigh to easily understand the business drivers within the commercial and industrial power markets. Leigh will drive Pricelock’s partner strategy and was named, Director of Channel Management based in Atlanta.

About Pricelock

Pricelock’s online energy transaction platform provides large energy buyers and sellers an easy and efficient way to transact energy and energy-related products. The platform supports transactions for power, natural gas, natural gas storage, distillates, jet fuel, coal and railcar leases. The largest refiners, utilities, power generators, investment banks, marketers, transportation, industrial and commercial firms participate on the platform. Pricelock’s mission is to innovate and provide liquidity for products that cannot be traded on an exchange.

Pricelock is headquartered in Silicon Valley and is the recipient of several awards including Forbes list of America’s Most Promising Companies, Global Energy Award of Excellence by Platts and Hottest Companies in Silicon Valley by Lead 411. Pricelock’s investors include Goldman Sachs, Barclays, Traveler’s Insurance, RenaissanceRe and Artiman Ventures. To learn more about Pricelock please visit www.pricelock.com.

Contacts
Pricelock
Liat Rorer, 650-517-5400
marketing@pricelock.com
Vice President