Kyle Vann

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Kyle Vann is an energy industry consultant and executive who worked for Koch Industries for several decades and served as CEO of Entergy-Koch. According to his biography on the CCMP Capital website, Vann "has supported development of early trading models for price-setting mechanisms between crude and refined products, the development of Koch’s Texas Pipeline System from Corpus Christi, Texas, to Dallas, and was also deeply involved with Charles Koch’s development of Market-Based Management® which helped the company significantly out-perform the S&P 500."[1]

Koch Wiki

The Koch brothers -- David and Charles -- are the right-wing billionaire co-owners of Koch Industries. As two of the richest people in the world, they are key funders of the right-wing infrastructure, including the American Legislative Exchange Council (ALEC) and the State Policy Network (SPN). In SourceWatch, key articles on the Kochs include: Koch Brothers, Koch Industries, Americans for Prosperity, American Encore, and Freedom Partners.

Ties to the Koch Brothers

Vann worked for Koch Industries for over twenty years, rising to a position of senior vice president. From 2001 to 2004, he was CEO of Entergy-Koch, a partnership of Koch Industries and Entergy Corp, which was sold to Merrill Lynch & Co. in 2004 for about $1 billion.

Background

Vann earned a Bachelor of Science degree in Chemical Engineering from the University of Kansas.[2]

According to Forbes, Vann worked for Exxon Company USA from 1970 to 1979, then moved to Koch Industries, where he remained until 2001.[2] Vann was a senior vice president at Koch Industries from 1995 to 2000.[3]

Vann's biography at CCMP Capital describes his work at Koch as "including leading the creation of Entergy-Koch, LP, an energy trading and transportation joint venture between Entergy Corporation and Koch Industries."[1] Entergy-Koch was formed in 2001 with a total investment of $851 million, and by 2004 was valued at $1.18 billion.[4] According to Bloomberg the venture was involved in trading "natural gas and electricity, which is among the most volatile commodities because it can't be easily stored."[4] Vann served as the CEO of Entergy-Koch, LP from 2001 to 2004, when it was sold to Merrill Lynch & Co.. Bloomberg reported in 2004 that

"Under Merrill, the trading unit may face new competition from former owner Koch Industries, whose Koch Supply & Trading is independent from Entergy-Koch and trades crude oil, gasoline, chemicals and metals such as aluminum. Previously barred from competing with Entergy-Koch, the 400-employee Koch unit is now considering expanding into gas and power, Koch spokeswoman Mary Beth Jarvis said in a telephone interview."[4]

Now retired, Vann remains a consultant and board member for Entergy.[3]

Vann has served as an advisor and board member for a variety of companies, listed under Affiliations below.

Affiliations


Resources and articles

Related Sourcewatch

References

  1. 1.0 1.1 1.2 CCMP Capital, Kyle Vann, organization website, accessed June 12, 2014.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 Forbes, Kyle Vann, profile, accessed June 12, 2014.
  3. 3.0 3.1 Crosstex Energy, "Crosstex Energy Appoints Kyle D. Vann and James C. Crain to Boards," organizational press release, April 26, 2006. Accessed June 12, 2012.
  4. 4.0 4.1 4.2 Bradley Keoun and Stephen Cohen, "Merrill Buys Entergy-Koch to Return to Energy Trading," Bloomberg, September 2, 2004. Accessed June 17, 2014.
  5. 5.0 5.1 Marketwatch, Kyle D. Vann, Wall Street Journal, accessed June 12, 2014.
  6. 6.0 6.1 6.2 Businessweek, Kyle D. Vann, Bloomberg, accessed June 12, 2014.