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Mr. Sproule is a results-driven executive with 18 years
experience in C-Level positions at pre-IPO startups, turnarounds,
emerging growth businesses and two Fortune 500 companies, including over
20 years at UNOCAL Corporation. He has a successful record of
accomplishments over diverse global business verticals, including
energy, e-commerce, retail sales and marketing, software, entertainment,
gaming, internet, mobile products and wireless.
UNOCAL Corporation is a public, $15 billion fully integrated, high
technology earth resources company with worldwide operations, exploring
for, developing and producing crude oil and natural gas, and
manufacturing and marketing a wide range of petroleum products. Mr.
Sproule began at UNOCAL as a Retail Sales Trainee and rose through the
ranks to serve as Chief Operating Officer of the 76 Products Company.
Managing worldwide daily operations with full P&L responsibility for
annual sales of $2.8 billion, he completed a major turnaround of this
global refined products business and created $1.2 billion in shareholder
value over a three year period.
Mr. Sproule’s key accomplishments at UNOCAL were: turning around eroding
company profitability and generating four year average cash flow of $175
million; negotiated exclusive cardlock joint venture with Southern
Counties Fuel to develop 20 sites with annual sales of $55 million;
negotiated and launched Fuelman exclusive license agreement generating
$13 million sales; increased daily product sales by 29% over three years
in markets previously growing at less than 1% per year; creating and
franchising three new businesses and building 170 new retail facilities
(achieving 106% of plan); increasing the annual EBITDA from $135 million
to $275 million in three years.
His other significant professional accomplishments focus on turnarounds,
restructuring and scaling companies, resulting in the creation of
significant shareholder value. Mr. Sproule scaled a mobile products
company, increasing EBITDA from $6 million to $18 million over a
12-month period. He completed a deep turnaround and subsequently scaled
a public internet gaming company, increasing the market value from $8
million to over $60 million. He has negotiated and completed over $10
billion in financings and completed $5 billion in M&A transactions. Mr.
Sproule has also completed a $500 million private placement, a $450
million Master Limited Partnership, as well as a $19 million secondary
public offering.
Mr. Sproule completed the Executive Management Program at Northwestern
University, received his MBA from Eastern Michigan University, and holds
a BA from the University of Wisconsin. |
