THE
EXECUTIVE CAREER OF NORMAN STEISEL
Norman Steisel is currently the Chairman and CEO
of EnEssCo Strategies, a firm he founded originally
in 1994 and to which he returned in 2008 to capitalize
on opportunities in emerging "green" business
venues. EnEssCo Strategies provides strategic, business
development and marketing, and financial consulting
services to firms engaged in the provision of environmental
services and products, including waste handling and
disposal, water supply and wastewater treatment and
alternative clean energy technologies and production..
Recent client engagements include providing services
for: a development firm establishing a short-sea service
to transship foreign arriving containerized goods
at the Port of New York destined to New England-based
customers utilizing a freight ferry to replace more
costly traditional truck delivery and alleviate congestion
and pollution created by the vehicular traffic on
the I-95 corridor, a leading firm with a commercially
viable, proprietary bio-mass technology that produces
a lower cost replacement fuel for traditional heating
oil products accompanied by significant reductions
in combustion emissions, a development entity creating
an eco-park in New Orleans for solid waste processing
and new product manufacturing from post-consumer recyclables
including the deployment of an anaerobic waste-to-energy
digestion facility for treating the organic fraction
of the waste stream.
From 2003 to 2008, Norman Steisel
served as the Executive Vice President, Chief Operating
Officer of the Philadelphia Stock Exchange. He was
responsible for overseeing the implementation of the
exchange's strategic plan and initiatives into day-to-day
operations. The plan designed to extract value by
leveraging regulatory licenses, enhancing technology
assets and offering innovative trading modalities
and products has produced several benefits during
his tenure: the organization was restructured from
a not-for-profit membership to a for-profit stock
corporation, facilitating investments by six bulge
bracket firms, increasing its core equity options
business' market share from 8% to 15% by deployment
of new technology platforms - - resulting in an improvement
in the P & L from a $1.0 million loss in 2005
to $26 million profit in 2007. He oversaw the enhancement
and modernization of the exchange's equity and futures
businesses. Norman Steisel was a key member of the
exchange's strategic management team participating
in analyzing opportunities and direct negotiations
with several entities interested in purchasing the
exchange which was ultimately sold to NASDAQ OMX for
$697 million, a thirty-fold increase in 2005 enterprise
value. He was responsible for coordinating PHLX involvement
in transition planning and integration activities
with NASDAQ OMX.
From 1994 to 2003, Norman Steisel
was President of EnEssCo Strategies, Inc., a firm
providing management and consulting services to senior
level executives of firms and industries in government-regulated
sectors undertaking strategic, operational and financial
transitional activities. EnEssCo has been engaged
to develop and implement strategic marketing and financial
plans for: the American subsidiary of the world's
leading water/waste water treatment firm, a leading
start-up bio-tech firm attempting to exploit pharmaceutical
and environmental application of its proprietary technology,
a leading outsourcing services provider to implement
a pharmaceutical and medical material supply chain
management subsidiary, and a leading vendor of advanced
wireless voice and data telecommunications technologies
with licensing and deployment of their services in
municipal facilities.
Prior to this position, Norman Steisel served from
1990-1994 as First Deputy Mayor of
the City of New York. In this capacity he was the
CEO of the city government responsible for day-to-day
management of all governmental operations, and the
oversight of a $30 billion annual operating budget
and a four-year $20 billion capital program. He was
responsible for streamlining operations and systems
that resulted in annual budget reductions of $2.0
billion. In addition, Mr. Steisel reversed the decade-long
trend of local taxes consuming an increasing share
of Gross City Product ("GCP"). Norman Steisel
directed the out-sourcing of numerous governmental
functions: fleet procurement, vehicle and facility
maintenance and treasury functions. He oversaw the
city's emergency coordinated response activities,
supervising in that role the response to the 1993
terrorist attack on the World Trade Center.
From 1986-1989, Mr. Steisel was
a Senior Vice President at the investment banking
firm, Lazard Freres & Co. Mr. Steisel was responsible
for coordinating the firm's environmental corporate
and municipal project financing activities, financing
more than $2.0 billion of client needs. He served
as an advisor to several American municipalities and
counties and to a number of the world's leading waste
disposal, water treatment, hazardous waste remediation
and air pollution control firms providing assistance
with merger and acquisition activities, recapitalizations,
and debt issuance.
While at Lazard, from 1988-1990,
Mr. Steisel served (pro bono) as the first Chairman
of the School Construction Authority, an independent
authority chartered by New York State charged with
responsibility for the design, construction, modernization
and rehabilitation of public schools in New York City.
He oversaw the creation of the Authority, recruited
top agency executives, established its budget and
developed staffing patterns, directed implementation
of project management and cost-accounting controls
and information monitoring systems, and directed development
of architectural and construction contract preparation,
bid and award procedures. Within one year, $1 billion
of construction activity was underway.
Prior to his position with Lazard, Norman Steisel
served from 1979 to 1986 as Commissioner
of Sanitation of New York – the longest serving
official in the 20th century. Mr. Steisel was responsible
for overall management of the $600 million enterprise
and distinguished himself by introducing numerous
productivity initiatives— the most noteworthy
being the introduction of performance-based compensation
program aligned with the replacement of three man
refuse collection crews with two-man crews resulting
in annual savings of $100 million. His advocacy of
the bottle bill was decisively pivotal to is enactment
into law, and represented the beginnings of the City's
efforts to encourage recycling intiatives.. Mr. Steisel
was responsible for introducing the City's curbside
collection program of recyclable materials from households.
He was also responsible for implementing a 10-year;
$2.5 billion capital program to rebuild the city's
failing waste disposal system that included a complete
environmentally-compliant upgrading of its landfill
operations and the introduction of privately financed
recycling and waste-to-energy facilities. In this
capacity, Mr. Steisel was a founding member and served
as the first President of the US Conference of Mayors
National Resource Recovery Association, a consortium
of public officials, technology providers, financial
institutions, law firms and environmental consultants,
that successfully lobbied the Congress to offer tax-exempt
financing and grants for the construction of privately
owned and operated waste-to-energy facilities as well
as to establish attainable stack emissions and plant
residue pollution control standards under the Clean
Air Act.
From 1974 to 1979, Mr. Steisel served
as New York City's First Deputy Budget Director and
oversaw the massive retrenchment in the city's budget,
workforce and services, resulting from its near default
and loss of access to the capital markets. He also
directed the introduction of integrated automated
budgeting, accounting, payroll and procurement systems.
From 1974 to 1976, Norman Steisel
was Vice President of Griffehagen-Kroeger, Inc., (the
predecessor organization to Hamilton, Rabinowitz and
Altshuler) where he was in charge of consulting services
for local, state and federal governments and to private
sector firms with the development and implementation
of strategic business and marketing plans and proposals
to public sector clients.
From 1972 to 1974, Mr. Steisel served
as the first civilian head of the policy, management
and crime analysis division of New York City's Police
Department , responsible for developing cost/benefit
models to evaluate and improve police strategic deployment
and tactical operational processes . Prior to that
appointment, commencing in 1969 he was employed by
the New York City Office of Budget and Management
where he headed the Criminal Justice Agencies Task
Force responsible for the analysis and preparation
of the budgets of the police, corrections, probation,
district attorneys and courts. He was also the principal
policy analyst and planner for the City Fire Department,
in charge of developing simulation models of the agency's
firefighting operations used to introduce significant
improvements in response times, increased productivity
and budgetary savings as well as for deployment of
new firehouses.
Mr. Steisel holds a Bachelor's degree in Chemical
Engineering from Pratt Institute and Master of Science
degree from Yale University. He has taught courses
in public policy analysis and decision-making at Yale
School of Organization and Management, Harvard Kennedy
School for Public Policy, Columbia University, New
York University School of Law, and Baruch College,
CUNY.
View Norman Steisel's Resume: Click
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