The Spruce management team has decades of experience in the consumer finance, renewable energy and software industries.
Co-Chairman and Chief Executive Officer
Christian Fong has built multiple billion-dollar real asset businesses and brings to Spruce an extensive executive, private equity and policy background in the clean power and energy sectors. Christian also serves on the Boards of Directors at Terraform Power, Inc (NASDAQ: TERP), Fong Management, LLC (Chairman & CEO), Javlin Capital, LLC (Co-Chairman) and Pardus Oil & Gas, LLC.
Prior to joining Spruce, Christian co-founded Renewable Energy Trust Capital (RET) in 2010 and served in various executive roles, including as Chief Investment Officer, COO and CFO. He led RET to acquire and develop over one billion dollars of wind and solar PV power assets, and authored the submission of the landmark IRS private letter ruling request for REIT-eligibility of solar PV assets. He participated in the original work underpinning the creation of the YieldCo industry. Prior to founding RET, Christian was a Managing Director and Head of Real Estate Capital Markets at AEGON / Transamerica. He has also previously served as CEO of Corridor Recovery, Inc, as a consultant at McKinsey & Co, and as a candidate for Governor of Iowa.
Christian holds an MBA with High Distinction from Dartmouth College’s Tuck School of Business, a B.S. in Statistics, summa cum laude, from Creighton University and the prestigious CFA and CCIM designations.
President & COO, Energy Service Experts
Jonathan Roumel is the President and Chief Operations Officer for Energy Service Experts (ESE), an independent subsidiary of Spruce. ESE is an end-to-end solar servicing and asset management solution provider actively servicing over 70,000 residential solar systems and energy efficiency accounts. Jonathan oversees solar portfolio servicing activities including solar financial asset management, fleet operations & maintenance, homeowner billing & collections, customer support, fund reporting and accounting, and data analytics.
Prior to ESE, Jonathan served as Vice President of Operations for Spruce, managing the servicing of 200 MW of installed solar capacity. Jonathan has also served as Vice President of Operations for NRG Home Solar where he managed a 100+ MW residential solar fleet and supported operations, reporting and customer support activities. Prior to NRG, Jonathan served in multiple roles with BP Alternative Energy including General Manager for BP Solar, and Director of Operations for BP Wind Energy. In addition, Jonathan served as a management consultant with McKinsey & Company where he focused on the electric power and alternative energy sectors addressing topics including risk management, strategy and operations. Jonathan has also served in risk and analytic roles at Reliant Energy, Barclays Capital and Enron.
Jonathan has an MBA from the University of Chicago Booth School of Business and a BS in Commerce from the University of Virginia.
VP, Accounting and Finance
Shaun Lambert is Treasurer and Vice President of Accounting and Finance at Spruce Finance where he heads the accounting team and is responsible for all accounting and finance controls and strategic planning. Shaun has over 20 years of financial operations leadership experience where he’s been instrumental in developing and improving internal controls, managing expense priorities and budgets, strategic planning and reporting, as well as forging key banking relationships.
Prior to Spruce, Shaun was the VP of Finance at Soloshot, where he led the accounting, compliance, and risk management teams and developed FP&A and working capital management processes. Prior to Soloshot, Shaun led financial planning, cash flow, forecasting and analysis for over $4 billion in global operations at KBR, Inc. There, he also developed a comprehensive model to capture and analyze strategic projections used in annual goodwill impairment testing and streamlined reporting processes to conform to Generally Accepted Accounting Principles (GAAP).
Shaun has also held senior finance executive positions at a variety of privately held organizations and at GE Oil & Gas.
Shaun earned his BA in Accounting from Florida A&M University and is a CPA.
Gregory Sandler has 20 years of legal experience in the consumer finance and asset management sectors. He’s the General Counsel and Corporate Secretary of Spruce Finance where he heads the legal team and is responsible for commercial transactional work, strategic planning, corporate governance, adhering to consumer finance regulations, compliance, and managing outside counsel. He is admitted in New York, New Jersey and Authorized House Counsel in Florida.
Prior to Spruce, Greg was Corporate Counsel at Bayview Asset Management, LLC where he was a key member of the legal team. He was responsible for drafting and negotiating Purchase and Sale Agreements for Mortgage Servicing Rights deals, ISDAs, MRAs, and MSFTAs. Prior to Bayview, Greg served as a Senior Associate at Clifford Chance US LLP, a large international law firm, where he represented funds and financial institutions in secondary-market loan transactions and worked closely with clients on negotiating terms of trades. He has also held in-house counsel roles at Camulos Capital LP and Bear Stearns & Co., Inc.
Greg earned his JD from Fordham University School of Law and his BA in International Relations/Political Science, graduating summa cum laude, from the University of Wisconsin. Greg is a Temple Beth Am Board Member, a University of Miami Citizen’s Board Member, a Dade County Bar CLE Presenter, a Elevate South Dade Program Participant, a MDFAWL mentor & table for eight program participant as well as founding the Educational Alliance Young Professionals group and sat on the Board of 205 Third Avenue Owners’ Inc.
Chief Technology Officer
Arash Boostani has over 20 years of experience as a software and technology professional. He joined the company in 2009 and has been chiefly responsible for designing and building the SpruceFlow software platform. Prior to joining Spruce, Arash was the technical lead for the Wikipedia Usability Initiative, which was a project aimed at increasing the usability of Wikipedia for new contributors and reducing barriers to public participation. Arash spent the first 14 years of his career at the biotech company Genentech, where he held a variety of positions in the Corporate Information Technology group, including Software Engineer, Project Manager, and Enterprise Architect, supporting the Manufacturing, R&D, Engineering, and Quality Assurance business units. Prior to that, he studied Physics at the University of California at Davis.