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Mossadiq S. UmedalyChairman, Xantrex Technology Inc.
From 1990 to 1998, Umedaly was the Vice President and Chief Financial Officer of Ballard Power Systems, the world’s leading fuel cell company. At Ballard, he played an instrumental role in securing key strategic partnerships and in developing, financing and positioning the company for growth. During this period, the value of the company increased from US$10 million to US$6 billion. Umedaly has also held senior positions in the Aga Khan Development Network, playing a key role in planning, developing and operating a US$300 million medical university and teaching hospital in Karachi as the Director of Finance, Planning & Information Systems. He started his career in 1975 with Price Waterhouse and spent five years in their Toronto and Rome offices. Umedaly serves on the advisory boards for the Faculties of Business at Simon Fraser University, British Columbia and McMaster University, Ontario. He is a member of the Premier’s Technology Council in British Columbia, a member of the board for National Centre for Photovoltaics in the United States, and a member of the Business Council on Sustainability with the David Suzuki Foundation. Umedaly is also an advisor and contributor to several philanthropic projects in Canada, and developing countries in Africa and Asia. Umedaly holds Bachelors and Masters degrees in Business Administration from McMaster University and he is a Fellow of the Canadian Institute of Chartered Accountants. He has received a number of awards for his accomplishments and contributions. In 2004, he received Ernst & Young’s Pacific Region Entrepreneur of the Year for the Technology and Manufacturing category, and in 2003 he received the British Columbia Technology Industries Association’s award for Person of the Year and the Wayne C. Fox Distinguished Alumni Award from McMaster University’s DeGroote School of Business. |
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Mossadiq is the Chairman of Xantrex Technology Inc. and he is responsible for the vision and strategic direction of the company. He was also the Chief Executive Officer from 1999 to 2003. During this time he repositioned and transformed the company from a small niche player to a world leader in advanced power electronics. His focused business strategy, targeted at high growth markets, has helped Xantrex grow its revenues from US$10 million in 1998, to US$143.1 million in 2004.