2007 Outstanding Alumni Service Award Winner
Stephen Torres '94
Stephen Torres is the Chief Operating Officer (COO) of DRI Energy. DRI Energy (www.dricompanies.com) is a newly created division of DRI Companies. DRI is a $100MM privately held roofing services company, operating primarily in the Southwest with offices throughout California and Nevada. The Energy division offers renewable energy solutions to DRI's industrial and commercial customers, as well as residential builders that complement DRI's traditional roofing services. He also serves as COO of Lumeta Inc., a separate division of DRI Companies that is developing a portfolio of roof integrated solar products for residential and commercial buildings that leverage DRI's roofing expertise.
Prior to joining DRI, Mr. Torres served as Executive Vice-President of Magnetek (NYSE: MAG), Inc. and President and General Manager of its Alternative Energy division. In that role, Mr. Torres was responsible for all Magnetek's activities with alternative and renewable energy technologies. Specifically, Magnetek's Alternative Energy business focused in providing innovative power conversion solutions to the solar, wind and fuel cell industries worldwide. During his tenure at Magnetek, the Alternative Energy division grew in revenues from $2 to $10MM, culminating in the sale of the division to Power-One (NASDAQ: PWER) in late 2006.
Before Magnetek, Mr. Torres served as the Vice-President of the Western Region for FuelCell Energy (NASDAQ: FCEL), a world leader in the development of fuel cell generators. In this role, Mr. Torres was responsible for all FuelCell Energy's activities in the western US, focusing on developing sustainable end-user markets for fuel cell products, and forging strategic alliances with Energy Service Providers and project developers interested in commercializing FCE's products.
Prior to joining FuelCell Energy, Mr. Torres spent three years at Capstone Turbine Corporation (NASDAQ: CPST), a leading developer of power generating MicroTurbine systems, as its Director of Distribution Channels. Initially, Mr. Torres helped developed the commercialization and distribution strategy for Capstone MicroTurbines, a disruptive technology in the power generation business. After helping position the company for a successful public offering in June of 2000, Mr. Torres then became responsible for developing distribution partners for Capstone products both in the U.S. and in Latin America.
Earlier in his career, Mr. Torres worked for Deloitte Consulting, a leading worldwide management consulting firm, advising primarily manufacturing clients on supply chain and sales management issues. He has also held marketing and sales positions with Procter and Gamble and General Electric.
He also maintains his involvement with the community, serving as a Board Member for the Clean Power Campaign, and in the Advisory Board of The Riordan Programs at the Anderson School of Management at UCLA.
Mr. Torres received a Mechanical Engineering degree from the University of Washington and an MBA from UCLA Anderson School of Management.