USDG’s senior management team has an average of over 25 years of experience in the energy, transportation, refining, logistics and financial industries. Additionally, the team has a demonstrated track record of sourcing and executing projects of all sizes and structures.
Chairman, Chief Executive Officer and President
Mr. Borgen is a co-founder of USDG and its predecessor companies and has served as Chairman, CEO and President of USDG since its inception. Additionally, Mr. Borgen served as President of U.S. Right-of-Way Corporation, a private company, since 1993. Prior to USDG, Mr. Borgen worked for 11 years in investment banking in mergers and acquisitions, portfolio management and strategic planning. He began his career with a private investment firm focused on the oil and gas industry. Mr. Borgen has served on the board of directors of several corporations and currently serves on the board of Vertex Energy Inc., an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Active in several community organizations, he is chair of the USD Foundation and a trustee of Boys and Girls Club of America. Mr. Borgen received a degree in petroleum management and finance from the University of Oklahoma. He was recognized by Goldman Sachs as one of 100 Most Intriguing Entrepreneurs in 2013 and was a finalist for Ernst and Young’s 2014 Gulf Coast Entrepreneur of the Year.
Executive Vice President, Head of Finance and Risk
Mr. Curry is co-founder of USDG and its predecessor companies and currently serves as Executive Vice President and Head of Finance and Risk for USDG. From 2006 to June 2014, Mr. Curry served as Chief Financial Officer of USDG. Throughout the years he has been extensively involved with and directed numerous aspects of USDG, including strategic planning, project development, construction and heading finance. Prior to USDG, Mr. Curry served as Treasurer and Chief Accounting Officer for integrated oil and gas producer An-Son Corp., located in Oklahoma City, from 1982 to 1985 and was employed by Arthur Andersen & Co. from 1978 to 1981. Mr. Curry is a Certified Public Accountant and holds a master’s degree in accountancy from the University of Illinois.
Executive Vice President, Chief Commercial Officer
Mr. Sanders joined USDG as Executive Vice President, Head of Market Strategy for USDG in May 2014 and became Executive Vice President, Chief Commercial Officer in October 2014. Mr. Sanders’ main focus at USDG is working with the leadership team to identify, develop and execute strategic commercial and market opportunities. Prior to USDG, Mr. Sanders spent 32 years at Koch Industries where he was primarily responsible for building and managing several of Koch’s global trading businesses, including businesses in the crude oil, NGLs, distillates, gasoline and gasoline components, and plastics value chains. He is a 1979 graduate of University of Kansas with a degree in business. He is a current Trustee for KU Endowment and a current member for the KU Endowment Investment Committee.
Senior Vice President, Chief Financial Officer
Mr. Altsuler joined USDG in April 2014 and has been Senior Vice President and Chief Financial Officer since January 2018. Mr. Altsuler oversees the corporate finance, capital markets, accounting and investor relations activities of USDG and USD Partners LP. From 2009 to 2014, Mr. Altsuler served in various leadership roles at Eagle Rock Energy Partners, a master limited partnership headquartered in Houston, Texas, most recently serving as Vice President and Treasurer. Prior to joining Eagle Rock, Mr. Altsuler was an Investment Analyst at Kenmont Investments, an energy-focused hedge fund located in Houston, where he managed the fund’s master limited partnership investment portfolio from 2007 to 2009. Prior to Kenmont, Mr. Altsuler worked the majority of his career in investment banking with Donaldson, Lufkin and Jenrette/Credit Suisse First Boston and a boutique investment bank in Dallas and San Francisco. Mr. Altsuler graduated from the University of Texas at Austin with a BBA in finance and received an MBA from Rice University, graduating Beta Gamma Sigma.
Senior Vice President, Chief Operating Officer
Mr. Ruple joined USDG in June 2014 and became Senior Vice President and Chief Operating Officer in January 2017. Mr. Ruple is responsible for all operations and project development activities in support of USDG’s commercial development vision, mission and tactical growth strategies. Previously, he served as Vice President, Project Development. Prior to joining USDG, Mr. Ruple held various executive management positions in the commercial and industrial construction industry, with engineering and environmental consultancies, as well as with the BNSF Railway. Throughout his professional career, he has acquired vast practical leadership experience and holds many management and technical certifications. Mr. Ruple received a BS in civil and environmental engineering from the University of Utah and is an active member of both professional and public community organizations.
Senior Vice President, Canadian Business Unit
Mr. Albertson joined USDG in January 2015 and is primarily responsible for managing USDG’s strategic relationships with its customers and partners in Canada in support of optimizing existing assets as well as bringing new assets to market. Prior to joining USDG, Mr. Albertson spent 25 years in industrial sales and railcar leasing with various companies, including PLM International and GE Railcar Services. Most recently with GE Railcar Services, Mr. Albertson acted as the primary interface for core energy and chemical customers throughout Canada and across multiple commodities, including crude oil, distillates, condensate and NGLs, and drove meaningful growth in GE’s Canadian energy portfolio. Mr. Albertson received his MBA from the University of Phoenix in 2006 and also holds a BA in economics from the University of Calgary.
Vice President, Business Development
Mr. Balhorn joined USDG in December 2015 following the Casper terminal acquisition. In 2008, Mr. Balhorn co-founded Cogent Energy Solutions, LLC, a crude oil, condensate and refined products distribution and marketing business and the developer of the Casper terminal. Prior to Cogent, he led multiple energy trading businesses, including at Merrill Lynch, DTE Energy Trading and EDF Trading (a joint venture between Louis Dreyfus and Electricité de France). Mr. Balhorn also spent 20 years with Koch Industries where he held several leadership positions including President of Koch Carbon, President of Koch Fuels, President of Koch Oil and Koch Oil Ltd, President of Koch Supply and Trading and President of Koch Energy Services. Mr. Balhorn holds a BA from Michigan State University and an MBA from University of Oklahoma.
Vice President, Corporate Development and Market Strategy
Mr. Dunning joined USDG in February of 2015 and became Vice President of Corporate Development and Market Strategy in January of 2018. He is responsible for the origination and execution of acquisition, commercial and market opportunities. Prior to USDG, Mr. Dunning was a research analyst at Kayne Anderson Capital Advisors, where he was responsible for investments in the Energy Infrastructure, Midstream and Master Limited Partnerships (MLPs) sectors. Mr. Dunning earned a BA from the University of Pennsylvania and a MBA from the Marshall School of Business at the University of Southern California.
Vice President, Business Development
Mr. LaBorne joined USDG in March 2011 and is responsible for developing new terminal opportunities as well as growing throughput and revenue at existing facilities. Mr. LaBorne has over 23 years of experience in the petroleum industry, joining the corporate sector after serving as an officer in the U.S. Army Corps of Engineers. During his career, Mr. LaBorne worked in various supply, trading and logistics roles at Shell Oil, Koch Industries and GATX Terminals. At Shell, Mr. LaBorne had commercial responsibility for Shell’s West Coast terminal and pipeline assets, including one of the largest ethanol distribution hubs in North America. While at Koch, Mr. LaBorne traded heavy crude oil and also led an NGL profit center. During his tenure at GATX, Mr. LaBorne served as commercial manager at a major terminal complex where he led the development of a world-class oil import facility in the Port of Los Angeles. He is a graduate of the United States Military Academy, earning a bachelor of science degree in engineering management (mechanical). Mr. LaBorne also holds a master’s degree in business administration (finance) from the University of Southern California.
Vice President, Business Development
Mr. Magness joined USDG in December 2015 following the Casper terminal acquisition. In 2008, Mr. Magness co-founded Cogent Energy Solutions, LLC, a crude oil, condensate and refined products distribution and marketing business and the developer of the Casper terminal. Prior to Cogent, Mr. Magness held leadership roles in several energy-related trading businesses, including at Musket Corporation, Professional Energy Services and Aquila Merchant Services. Mr. Magness began his career at Koch Industries with over 17 years of experience across their refining, fuels, carbon, development and chemicals businesses. He currently serves as the Non-executive Chairman of the Board for Professional Energy Management, an energy supply, trading, marketing and risk management consulting firm. Mr. Magness holds a BS from the University of Oklahoma.
Vice President, Business Development
Mr. Ruple joined USDG in May 2014 and is primarily focused on business development, new market entry and commercial support of strategic acquisitions. Prior to USDG, Mr. Ruple held numerous senior management positions throughout his 36 years in the transportation logistics arena. His leadership positions have included marketing, finance, accounting, economic development, operations, sales and emerging markets. Prior to joining USDG, Mr. Ruple spent roughly 17 years with Burlington Northern Santa Fe Railway focusing most recently on business development, customer experience and interface. Mr. Ruple received his Executive MBA from Texas Christian University in 2006 where he was recognized as a Neeley Scholar, completed Northwestern University Transportation Strategy Certification and holds a BS in accounting from Weber State University. Mr. Ruple currently participates and holds membership in numerous professional and community organizations.
Vice President, Operations
Mr. Schnabel joined USDG in October 2008 and became Vice President, Operations in January 2017. Mr. Schnabel is responsible for all USDG operations, in addition to supporting to USDG’s development and acquisition initiatives. Prior to joining USDG, he held various operations leadership positions for BP Chemical, Intercontinental Terminals Company, Global Octanes, Ethyl Corporation, Dakota Gasification Company and SGS. Mr. Schnabel has over 31 years of plant and terminal operations experience and holds a BS in chemical engineering from the University of North Dakota.
Vice President, Chief Accounting Officer
Mr. Stanford joined USDG in November 2014 and became Vice President and Chief Accounting Officer in January 2018. Mr. Stanford is responsible for overseeing the accounting and financial reporting functions in support of USDG and USD Partners LP. Prior to joining USDG, Mr. Stanford held various management level positions with Enbridge Energy Company, Inc., the general partner of Enbridge Energy Partners, L.P., a master limited partnership headquartered in Houston, Texas, with responsibility for accounting and finance functions including: financial reporting, technical accounting, strategic planning, budgeting and forecasting, among other duties. Mr. Stanford has also held similar positions with responsibility for financial accounting and reporting activities with other public and private companies and began his career with KPMG LLP, where he served clients for five years in the banking and healthcare industries. Mr. Stanford is a Certified Public Accountant and Certified Global Management Accountant, a two time graduate of Texas Tech University where he received BBAs in Finance and Accounting and an active member of the American Institute of Certified Public Accountants.
Vice President, Human Resources
Mr. Steinkamp has served USDG since 2009. From 2009 to mid-2014, Mr. Steinkamp advised USDG as a third party consultant, then joined as a full-time employee in June 2014. Mr. Steinkamp is responsible for providing leadership in the resourcing, development and retention of the people necessary to execute USDG’s strategy. Prior to USDG, he spent over thirty years in numerous Human Resources management positions across most of the major businesses at Amoco and BP. Mr. Steinkamp has also served in leadership roles for a number of ministries and charitable organizations. He is currently on the board of Interfaith Caring Ministries. Mr. Steinkamp holds an undergraduate degree in management and a master’s degree in human relations from Webster University in St. Louis.
Co-General Counsel and Secretary
Mr. Cole has been with USDG since November 2001. Prior to joining USDG, Mr. Cole represented USDG for three years as an attorney in private practice at Bracewell in Houston, Texas. Mr. Cole has law degrees from Notre Dame Law School (J.D., cum laude) and the University of Houston Law Center (LL.M. in international economic law). He received his BA in English and political science from Baylor University. He also holds a Ph.D. in the history of ideas and two seminary degrees. Mr. Cole has served on the board of many charitable organizations and ministries and is a county-wide elected official in Montgomery County, Texas, serving as Vice Chairman of the board of the Montgomery County Hospital District. He is a member of the State Bar of Texas.
Mr. Benson became Co-General Counsel of USDG in March 2015. From January 2008 through February 2015, Mr. Benson was a partner with the international law firm of Latham & Watkins LLP in their Houston and San Francisco offices. Mr. Benson’s practice focused on public company representation, corporate governance, capital markets and mergers & acquisitions, with a focus on midstream and upstream energy companies, master limited partnerships and real estate investment trusts. From July 2000 through December 2007, Mr. Benson was an associate with Latham & Watkins LLP and from October 1998 through June 2000 Mr. Benson was an associate with the law firm of Cahill, Gordon & Reindel LLP. Mr. Benson received a JD with high honors from Rutgers School of Law and a BA in political science from The College of New Jersey.
Mr. Hutson-Wiley serves as an advisor to USDG. Since 1999, he has been engaged in arranging debt and equity financing to facilitate the growth of USDG, as well as in the acquisition and sale of USDG’s assets. Mr. Hutson-Wiley is currently President of SFG Capital Corp. Prior to his association with USDG, he was President of Systems Finance Group, a 50% owned subsidiary of Systemhouse Canada Inc., which focused upon the securitization of contract receivables in Canada, Europe and the U.S.; President of SFING SA, a Netherlands based joint venture with ING Bank B.V. formed to securitize government contract receivables; and, from 1972-1983, was President of MericanCurtis Ltd, a developer of power projects in the Middle East, Africa and Central America. Mr. Hutson-Wiley received a BSFS from Georgetown School of Foreign Service (1968), an MBA from the Wharton School of Economics (1970) and was a PhD Candidate and Teaching Fellow in Applied Economics at the University of Pennsylvania (1970-1972).
Chief Administrative Officer and Vice President, Environmental, Health & Safety
Mr. Frerking joined USDG as Chief Administrative Officer and Vice President EH&S in November, 2018. As a member of USD’s leadership team, he leads EH&S, insurance risk, Government and Community Affairs, and corporate culture. Mr. Frerking spent over 20 years at Koch Industries and subsidiaries in various executive and legal roles, including: Vice President and Chief Sustainability Officer for Georgia-Pacific; General Counsel and Vice President of Compliance and Government Affairs for Koch Cellulose; Chief Counsel Georgia-Pacific Building Products, Assistant General Counsel, Global Environmental for Koch Industries and Flint Hills Resources; and on boards and oversight committees for various Koch companies, including EH&S oversight of Koch’s petrochemical refineries. Mr. Frerking began his legal career in private practice doing securities and M&A before moving into environmental compliance. He received his Juris Doctor from University of Missouri – Columbia and Bachelor of Business Administration from University of Missouri – Kansas City. He is a board member for Thrivent Financial Member Network for Florida, Georgia, North Carolina and South Carolina, and is a member of the State Bar of Georgia, Missouri, and the Supreme Court of the U.S.