Board of Directors

Ramzi Fares
Chairman

Ramzi Fares is the founder and current Chairman/Chief Executive Officer of TDF. He is also Chairman and CEO of Profidev LLC, the project development and finance company which he founded in early 1997, and which designed the concept, and is currently the manager and a major shareholder of TDF. Prior to that he spent 15 years in various executive positions in the private sector. He was also 18 years with the World Bank in Washington, D.C., where he managed programs and projects in South Asia, Africa, the Middle East and North Africa. In 1995 he retired from the World Bank and joined, as SVP, Nomura Project Finance International (NPFI) in Hong Kong. In early 1996 he became Managing Director and EVP of AIMAC, the management company of a US$300 million infrastructure investment fund in Singapore, which he helped set up while with NPFI.

Ramzi Fares left AIMAC to found Profidev. He is a resident of Washington, DC (USA), the management headquarters of TDF. He has been a frequent speaker on infrastructure development and project finance at international conferences, and has written numerous articles on the subject.

Ramzi Fares studied at the American University of Beirut. He subsequently earned an MSc degree in economics from the Free University of Berlin, Germany, where he wrote his thesis on central banking.

Dr. Michael W. K. Malouf

Dr. Michael Malouf is the Chairman of the Board of Scientific Advisors, in addition to being a major shareholder in TDF, and a member of its Board of Directors. Dr. Malouf has had a successful business career, mainly in electrical and electronics contracting. He was formerly CEO of a major electronics (communications) system design and contracting company in Saudi Arabia. He is the founder and current CEO of AZTECH, a US technologies company, operating in the field of electronics and communications, which he manages out of McLean, VA, where he also now resides.

Dr. Alexei Bykov

Alexei Bykov is a medical doctor, with neurosurgery as his specialty. He is currently Executive Vice President of TDF and a member of its Board of Directors. He was General Director of the Scientific Production Association - New Technologies - of Siberia (Russia) and Director of the Medical Center for Reconstructive Surgery (Russia).

He has over 15 years of international experience in project research and development and was an advisor for numerous projects in energy, telecommunications and new technologies in Russia. For 5 years he was also the appointed Representative of the Administration of the Altai Region in the Republic of Cyprus, the country where he currently resides with his family.

Dr. Bykov is the leader of TDF's Russia team, and the main interface between TDF and all aspects of its Russian operations.

Dr. Kurt M. Constant

Dr. Kurt Constant is an Austrian national, and holds PhD and MSc degrees in chemical engineering from Vienna Technical University. He is a technical specialist with strong background in R&D, process and project development, and project implementation. References include industry, energy, infrastructure, agriculture, and environment.

His career spans 16 years with the World Bank (project design, development, assessment, implementation, and supervision), 13 years in the private sector in Southern Africa and Asia (industrial projects and operations; project finance; process development including some patents), and 7 years in academics (R&D and lecturing in engineering and technological subjects at Vienna University of Science, Austria).

Country experience: East and South Asia, East and Southern Africa, Europe, and North America.

Dr. Constant also holds several diplomas in industrial areas and computer science, and has produced numerous scientific research papers and technical publications, and made many presentations at international conventions and seminars.