Board of Directors

Portrait

Mr. L. Spencer Wells, Chairman of the Board and Chairman of the Compensation Committee

Founding Partner of Drivetrain Advisors LLC, a provider of fiduciary services to institutional asset managers. Former Partner of Silverpoint Capital and TPG Special Situations Partners, both multi-billion dollar alternative investment managers.

Over 20 years of experience investing across the capital structure in a variety of industries, including energy, financial institutions, chemicals and other basic industries.

Currently a Director on the Boards of several public and private companies in the Energy, Insurance, Health & Wellness and Customer Loyalty Industries. Trustee of Western Reserve Academy in Hudson, Ohio.

Earned a B.A. from Wesleyan University and an M.B.A. with Honors in Finance from Columbia University.

Portrait

Mr. Jeremy Blank

Chief Investment Officer of Community Fund, a global investment firm focused on high quality public and private companies. Mr. Blank also served as a Partner at York Capital Management, a $15 billion global investment fund, where he helped build the firm’s global credit and private equity businesses across Europe, Israel and the United States, as well as a Vice President, Credit Analyst and Investment Banker at Morgan Stanley. He is also a member of the board of directors of Insightec Ltd., a privately held medical technology company. Mr. Blank holds a BS in Finance and an AA degree in Bible from Yeshiva University.

Portrait

Mr. Richard Campbell-Breeden

Founder of Omershorn Capital Advisors. Mr. Campbell-Breeden possesses over 30 years of investment banking and mergers & acquisitions related experience, having served as the Vice Chairman, Investment Banking Asia Pacific Ex-Japan APEJ, Managing Director / Head of Mergers & Acquisitions for Asia Ex-Japan, and Co-head of European Financial Sponsors Group and Advisory Director at Goldman Sachs. Mr. Campbell-Breeden serves as a Director of Julius Bear Group where he is Chair of the Nominations and Compensation Committee and a member of the Risk and Governance Committee. Mr. Campbell-Breeden holds a BS in Mechanical Engineering from the University of Bristol and an MBA from INSEAD, Fontainebleau.

Portrait

Ms. Carol Eicher, Chairman of the Nominating and Governance Committee

Over 30 years of experience in global manufacturing, operations and mergers and acquisitions from her senior leadership positions at Innocor Inc., The Dow Chemical Company, Rohm and Haas Company, Ashland Chemical Company and E.I. DuPont de Nemours and Company, Inc. Currently serves on the Board of Directors for Tennant Company since 2008. Served as the Chief Executive Officer of Innocor, Inc. from May 2014 to July 2017 and as a non-executive board chairman of Innocor, Inc. from August 2017 to April 2018. Holds a BS in Chemical Engineering from the University of Pennsylvania and an MBA from York College of PA.

Portrait

Mr. Gilbert Li

Co-Founder and Managing Partner of Alta Fundamental Advisers, a private investment company. Spent his career focused on value-oriented investing across the capital structure. Served as an investment analyst for JMB Capital Partners. Previously held the roles of portfolio manager, trader, and investment analyst at Merrill Lynch, Watershed Asset Management, and J.P. Morgan Investment Management.

Attended the University of California, Berkeley with majors in Chemical Engineering and Material Science Engineering.

Portrait

Mr. Julian McIntyre

Founder and former Chief Executive Officer of Arq Limited. A seasoned entrepreneur, Mr. McIntyre has founded a number of successful companies including Greenfire Resources, a large oil producer in Alberta, Canada, Rift Petroleum, an African E&P company, Gateway Communications, a pan-African telecommunications company specializing in the provision of satellite and terrestrial private networks for multinationals operating in Africa, as well as a large natural gas operator in the Rocky Mountains. Mr. McIntyre holds a BSc in Computer Science from the Queen Mary College, University of London.

Portrait

Mr. Robert Rasmus, Chief Executive Officer

Robert Rasmus comes with numerous years of experience leading organizational strategy, investments, and mergers and acquisitions in multiple industries, including as Co-founder, Chairman, CEO and former member of the Board of Directors of Hi-Crush Proppants, Hi-Crush GP, National Industrial Sands Association, FB Logistics, NextStage Logistics. Currently, Robert is a member of the Board of Directors of Carestream Health, Arctic Canadian Diamond Company, Eastern Shelf Royalty Fund III, Headwater Minerals II, Wilson Sheehan Lab for Economic Opportunity, Proppant Holdings LLC, and the University of Notre Dame Arts & Letters Council. Robert was a Co-founder and Managing Partner of Red Oak Capital Management and Chief Operating Officer at Red Oak Energy Operating Company prior to his time at Hi-Crush. Prior to Red Oak, Robert spent time leading organizations at Thunderbolt Capital Corp, Banc One Capital Markets (formerly First Chicago Capital Markets and now part of JP Morgan), and First Chicago Limited in London.

Robert has a Bachelor of Arts in Government and International Relations from the University of Notre Dame.

Portrait

Ms. Laurie Bergman, Chairman of Audit Committee

Ms. Bergman has extensive financial and executive leadership expertise, including serving as the Chief Financial Officer of Liquid Environmental Solutions, provider of waste removal services, since June 2021. Prior to that, Ms. Bergman served as Vice President, Chief Accounting Officer and Corporate Controller of UGI Corporation, a natural gas and electric power distribution company (February 2019 to June 2021). She previously served as the Chief Accounting Officer and Corporate Controller of AmeriGas Propane, Inc., a propane delivery company (2016 to 2019) and as its Group Director – Financial Planning and Operations (2014 to 2016). Ms. Bergman joined AmeriGas Propane, Inc. in 2006 as Manager – Disbursements and served in various roles for AmeriGas Propane, Inc., including Assistant Controller (2011 to 2012), Director of Financial Analysis and Planning (2012 to 2013), and Group Director of Financial Planning and Revenue Management (2013 to 2014). Prior to that, she held positions of increasing responsibility at AmeriGas Propane, Inc. Previously, Ms. Bergman served as a Financial Analysis Specialist and a Disbursement Operations Manager at CIGNA Corporation from 2001 to 2005.

Ms. Bergman's qualifications to serve as director on the Board include her extensive leadership of corporate accounting functions in large publicly traded organizations and skills to serve as a director, with specific expertise as a financial expert. Further, Ms. Bergman's educational background includes a Bachelor of Business Administration degree in Finance from Temple University and a Master of Business Administration from Temple University.

Other Boards and Positions:
▪ QNB Corporation (OTC Bulletin Board: QNBC) since 2020: independent director, member of Audit Committee
▪ Institute of Management Accountants since 2020: Global Board of Directors

Board Diversity Matrix

Board Diversity Matrix for Advanced Emissions Solutions as of February 1, 2023
Total Number of Directors 7
Part I: Gender Identity Female Male Non-Binary Did Not
Disclose Gender
Directors 1 6 - -
Part II: Demographic Background
African American or Black - - - -
Alaskan Native or American Indian - - - -
Asian - 1 - -
Hispanic or Latin - - - -
Native Hawaiian or Pacific Islander - - - -
White 1 5 - -
Two or More Races or Ethnicities - - - -
LGBTQ+ -
Did Not Disclose Demographic Background -

Board Diversity Matrix for Advanced Emissions Solutions as of August 1, 2022
Total Number of Directors 4
Part I: Gender Identity Female Male Non-Binary Did Not
Disclose Gender
Directors 1 3 - -
Part II: Demographic Background
African American or Black - - - -
Alaskan Native or American Indian - - - -
Asian - 1 - -
Hispanic or Latin - - - -
Native Hawaiian or Pacific Islander - - - -
White 1 2 - -
Two or More Races or Ethnicities - - - -
LGBTQ+ -
Did Not Disclose Demographic Background -

*Please see the 2023 Proxy for an updated matrix that will address the new board composition