Vance Fairchild
Senior Vice President-TRC-ECON

vafairchild@trcsolutions.com

Vance Fairchild is President of TRC-ECON, a subsidiary based in Houston, Texas, that provides risk management services to clients. Prior to merging with TRC, he lead ECON's profitable consulting practice with over $2 million in annualized revenue, as well as managed ECON's investments in several Brownfields redevelopment initiatives. Prior to forming ECON, Mr. Fairchild worked several years in various risk management positions for an energy pipeline company and subsequently served as president of a regional environmental consulting firm.

At TRC, Mr. Fairchild supports the development of Exit Strategy projects in the South and Southwest and all across the Country for energy industry clientele. He has a broad experience base that includes having negotiated large insurance settlements, third-party liability and indemnity cost recoveries, liability management and asset monetization for large multi-property portfolios, regulated rate case settlements, and developed balanced reserve recognition for financial reporting. Mr. Fairchild routinely applies liability quantification modeling techniques, including montecarlo simulation, stochastic decision analysis, and time of occurrence models to facilitate resolution to third party and regulatory disputes. He also supports client due diligence efforts in mergers, acquisitions, and divestitures having managed the liability quantification and risk transfer for over 30 successful energy, oil, and gas transactions comprised of $7.5 Billion market cap and $100 million of assets and environmental liabilities. Mr. Fairchild has a unique combination of technical and business acumen that is well matched for supporting Exit Strategy programs.

Mr. Fairchild graduated magna cum laude in civil / environmental engineering from Texas A&M University, received numerous academic achievement awards and later earned a masters in business administration. He is a Registered Environmental Manager, and member of several industry and professional trade organizations.