Frank Donnelly: Founder , Chairman and CEO
Tractive Power Corporation was founded by Frank Donnelly in 2010 to provide innovative and practical solutions to the rail industry. Frank is a well known innovator in the rail industry with over 30 patents in his name. His achievements include re-powering a large part of BC Rail’s mainline fleet and founding RailPower Technologies Corp. where he designed and built the industry’s first hybrid locomotive. At Tractive Power, he has assembled a talented and committed team with significant industry expertise at both its manufacturing plant in Squamish BC, and its Head Office in North Vancouver BC.
Frank has 35 years in engine design and development. As the founder and CTO of Railpower Technologies Corporation, Frank was responsible for the initial design, development and commercialization of its technology which contributed to its early growth as an alternative to traditional diesel power in rail applications. Frank has extensive patents in transportation, power, hybrid and fuel technology. A longstanding ambition has been to develop and commercialize a natural gas engine suitable for the locomotive market. He is currently a Director of ICRTec.
Marty Popoff: Vice President, Financial Opportunities
Marty has 20 years of Capital Markets experience trading, marketing, and structuring various Interest Rate, FX, Derivative, and Credit products, latterly at TD Securities London as Managing Director Structured Credit Sales Europe. He was one of three founders of TDSI’s Credit Products Group, a business which grew to employ 15% of the TD Financial Group’s Balance Sheet with annual revenues in excess of $300 million. While he was in charge of TDSI’s European Structured Credit Sales team, its contribution to profit increased from $8 million to $55 million. Marty has extensive experience in risk management, securitization, tax, lending and Balance Sheet Management. He currently acts as a Special Advisor to Pan Pacific Power Corp., and as a Director of Pacific Leasehold Realty.
Edgar Rivera: Vice President, Sales & Marketing
Edgar has over 20 years of experience selling all manner of equipment to Rail and Industrial users in Canada, the USA, and Latin America. He is well respected by his customers, colleagues, and competitors and he brings a host of deep relationships and a track record of success to Tractive Power. While at PNR Railworks, he successfully opened Latin America, with a focus on Mexico, for the sale of rail and materials. With IRM and GRL he exported more than 30 large units. Currently, he runs LaTech Rail Technologies a company that exports railroad technologies specially motive power and specialized equipment for measuring and testing track for maintenance purposes.
Peter Ballachey: Director & Head of Audit Committee
Peter has over 25 years of experience at senior levels in the rail industry and he has served on numerous boards. He started his career in public accounting with Clarkson Gordon (a precursor to E&Y) where he spent 8 years. In 1989 he joined Canadian Pacific Railways where he held a number of increasingly senior roles. When he resigned in 2002, Peter was the Director of Internal Audit for CPR, and amongst his many initiatives was the establishment of an enterprise wide risk management system. Peter joined BC Rail, a Crown Corporation with revenues of $400 million, that competed with the private sector, in 2002. As CFO and VP Finance, Peter led a staff of 55, and he had final responsibility for all treasury, finance, tax, risk management, and real estate activities of BC Rail. Under his watch debt was reduced by 25% and he was intimately involved in BC Rail’s privatization in 2003. Peter then joined Railpower Technologies where he served as the CFO until 2006. From 2006 onwards he has served as a consultant, director, and CFO for many enterprises including the $2 Billion Fraser Health Authority, OSUM Oil Sands Corp., Empower Technologies Corporation, Underground Energy Inc., and ICRTec. Peter is passionate about the rail industry, and amongst his many activities, he is a director and principal of CRC Rail Management Services, a provider of locomotive engineers to the railroad industry in Canada.
Tim Sanderson: Chief Operating Officer
Tim has over 20 years of experience in the rail supply industry. In 1997 he was one of three founders of Global Railway Industries, which ultimately grew to a market capitalization of $90 million. Tim was a Director of Global until 2009 and he also held a number of operational positions during his tenure. He was instrumental in the acquisitions of Rafna Industries, G&B Specialties, Bach Simpson and Prime Railway Services, and in 2003 Tim became President of Rafna Industries. On his watch, sales increased, operational efficiency improved, numerous safety initiatives were implemented, and labour relations improved, culminating in a successful labour agreement with the CAW. In 2005 he oversaw the merger of Rafna Industries with G&B Specialties and in 2010 Rafna, G&B Specialties and Bach Simpson were successfully sold to Wabtec. In 2011 Tim joined Raildecks Intermodal as VP of Operations and he was soon named the C.O.O. Tim successfully setup Raildeck’s manufacturing facility in Reading PA and oversaw the design of the model 7.1, Raildeck’s standard offering. Tim resigned from Raildecks in December of 2013 to join TractivePower – he remains a shareholder in the company.
Andy Faris: Associate
Yurek Duszynski: Senior Engineer
Al Broadfoot: Senior Mechanical Consultant