Prior to joining Commerce Energy, Mr Fallquist served as a senior manager in the equity markets division of Macquarie Bank, an international provider of banking, advisory and investment services, from December 2005 to March 2008. Prior to that, Mr Fallquist was a strategy consultant with Macquarie Bank from August 2004 to December 2005.

Gregory Craig, CEO of Commerce Energy, said: Michael fills an essential and strategically important need at Commerce Energy. Fallquist will serve a key role in helping management refocus our efforts to reduce expenses and improve operational efficiency, increase capital and credit strength and strengthen our systems and internal operations to handle future risk-controlled and prudent growth.