Mad River Glen Annual Co-op Shareholder's Meeting
The Mad River Glen Cooperative's annual Co-op Shareholder's Meeting will take place on Saturday April 6, 2013. The meeting will take place at 5PM on the 3rd floor of the Basebox Lodge. All Co-op Shareholders are welcome to attend the meeting and are encouraged to vote in the election. Below you will find the meeting announcement, an agenda and trustee candidate biographies.

When: Saturday, April 6, 2013, at 5:00 p.m.
Where: The Basebox, Mad River Glen Ski Area, Fayston, Vermont

Notice is hereby given pursuant to Section 3.4 of the Cooperative's Bylaws that the 2013 Annual Meeting of Owners of Mad River Glen Cooperative will be held at 5:00 p.m. on April 6, 2013, at the Basebox, Mad River Glen Ski Area, Fayston, Vermont.

The voting for trustee elections will be by a one page Australian ballot. You may cast your vote by marking, authenticating and returning the absentee ballot enclosed with this Notice (following the instructions printed on the ballot), or you may cast your ballot at the meeting.

1. Call to Order
2. President's Report
3. Treasurer's Repor
4. General Manager's Report
5. Introduction of Nominees for Trustee Elections
In-State Nominees (two to be elected to three year terms)
Out-of-State Nominees (one to be elected to a three year term)

6. New Business (Advisory only)
7. Adjournment

NOTE: Polls will remain open for 1/4 hour after adjournment for owners to cast their ballots for Trustees' elections.

Candidate Biographies

Out of State Candidate for the Mad River Glen Cooperative Board of Trustees – 2013
Roy Liu16 Harrison StreetBrookline,

Personal StatementI have been skiing at Mad River Glen since 1993. Like many of the skiers at Mad River, those early ski experiences at the mountain had tremendous emotional impact, and compelled me to make a deeper commitment to the ski area; first as a shareholder, and later as a member of the co-operative's finance committee where I have served since 2001.
Having served as board member or board observer at other business enterprises large and small, I believe I understand the level of commitment and responsibility that a trustee/board member owes to the shareholders of the co-operative.
In the co-operative's brief history, the board and management have done a remarkable job of steering the mountain through challenges both mundane and profound. I promise that I will uphold the trustees' commitment to preserving the quality of experience that Mad River Glen uniquely provides. This means a commitment to financial and operational prudence that ensures the viability of the ski area for the next generation of skiers.Professional Experience and EducationCo-founded Hercules Technology Growth Capital in 2004; Hercules is now a publicly-traded (NYSE: HTGC) specialty finance company, with over $500m of capital providing debt and equity financing to venture capital-backed technology and life-sciences companies.Previously, I worked at GrandBanks Capital, a Boston-based venture capital firm investing in technology start-ups. I served as a board observer at Colubris Networks (acquired by HP), and Glasshouse Technologies (currently filed for IPO), and as a board member of Infologix, Inc., a public company providing healthcare consulting and mobile workstation technologies to hospitals (acquired by StanleyWorks). Prior to my career in finance, I had a real job as a computer design engineer at IBM, Endicott, NY.
I have a BS EE and MBA from the University of Michigan.

I thank you for your consideration and support.

In-State Candidate for the Mad River Glen Cooperative Board of Trustees - 2013
Eric Palola4780 Main RoadHuntington, VT 05462802-4-4370 home / 802-343-2929

Candidate Statement
My introduction to MRG began as a 15-year old competing in the junior national ski races that were held in the east in 1972. I was the last kid to make the Far West team and was starry-eyed to find myself racing in the east. I was quickly humbled by a bumpy twisting GS that started high on Creamery, crossed to Canyon, and finished over the two waterfalls near One-Way under the double lift.
From that improbable start, I found myself 20 years later well settled in the east, purchasing a Co-op share in 2000, and teaching my kids to ski while serving as an MRG ski club coach for ten years. Like many families whose kids have been through an MRG program, the lasting friendships and community built through shared experiences at the mountain is an integral part of our lives.
With a solid career in non-profit management and policy in the environmental conservation field and with our kids (mostly) launched I feel this is an appropriate time for me to give back to the mountain. Mission based organizations such as MRG highly depend on volunteer leadership. I have already been active as a member of the Fundraising Subcommittee of the Board that is evaluating scenarios for operational improvements to the mountain. Previous boards and staff management have done an excellent job in growing the Cooperative and providing financial oversight. In a climate stressed world MRG has new challenges on top of basic operational needs. In my view it is the Board's job to make strategic choices within limited resources, provide support to the staff, and safeguard MRG's mission. I'm happy to answer more detailed questions at or 802-434-6168. Thanks in advance for your support.

Brief bio
Eric Palola is Executive Director of the Guanacaste Dry Forest Conservation Fund, a U.S. based non-profit organization that works to safeguard and promote "biocultural restoration" of the Area de Conservacion Guanacaste in partnership with the Costa Rican government ( For seven years he was Senior Director of Forests at the National Wildlife Federation (NWF) and for nine years the regional director of NWF's northeast office where he also chaired the 40-group Northern Forest Alliance. Eric has served on several non-profit boards and advisory teams including: the International Forest Stewardship Council, the American Forest Foundation, the Vermont Natural Resources Council, the Ford Foundation, the Huntington Historic and Community Trust and task forces for the states of Vermont and Maine and the US Forest Service. Eric previously worked as Project Manager at a private renewable energy firm, as a Policy Analyst at the U.S. EPA, and as Associate Director of the Vermont Natural Resources Council. He has degrees in natural resource economics and public policy from the University of Vermont and the Kennedy School of Government at Harvard University. Eric graduated from the Stratton Mtn School ski academy, competed in two junior nationals, raced for the NCAA team at Univ of Colorado, and on the North American Pro Circuit. He lives in Huntington, Vermont with his wife Shelly McSweeney (a current MRG coach) and ski club alum kids Aniken and Tristan.

In-State Candidate for the Mad River Glen Cooperative Board of Trustees – 2013
John Stetson 411 Barstow Rd.Shelburne, VT

I would like to be part of completing the task of planning the future of Mad River Glen.
3 years ago, I put my hat in the ring for the In-State Seat on the Board of Trustees. I raised the issue of the aging facilities. It did not take a rocket scientist or even a builder to recognize that facilities do not last forever and those at Mad River Glen are no different. As much as we love the mountain, we need to recognize that the facilities need attention.
Once elected to the board, it did not take long to understand that we needed to put resources back into the facilities. The question became where to spend the few resources that we have. To get to that answer, the Trustees formed a Facilities Committee (FacCom) and approved a mission statement that included that "the committee, in conjunction with the Management, will recommend a Facilities Master Plan to the Board of Trustees." I became the Chair of that committee and took on the challenge.
The FacCom facilitated a programming and design effort to understand the needs as defined by Management and the MRG Staff. Interviews were conducted with each of the senior staff members and the result was a schematic design that was presented in October 2012. Costs were then associated with the design and presented in December 2012. We are now in a feedback gathering and education phase. We are a long way from completing design and certainly not considering any construction in the immediate future.
Once we have received adequate input, we will complete this phase of design on the base area facilities. As has been planned from the start, we will then have a master plan upon which we can base decisions regarding facilities and budgets for years to come. As funds become available, and when there is a clear desire or need, any portion of the plan can be picked back up, the final design can be completed, and construction can begin with the confidence that good money is not thrown after bad, that new construction is not built on crumbling foundations, etc.
The feedback on the plan highlights 2 major concerns: the plan is too aggressive and the cost is too high. A third comment that is rapidly gaining traction is, believe it or not, snowmaking. Well, it should be no surprise given last season and this one to date.
Clearly, the base area master plan is just one piece of the overall puzzle to make MRG sustainable. We now need to look at the rest of the mountain, including the 19th and 20th Holes, the lifts, the Birdcage, and, yes, snowmaking. We cannot, however, do anything without understanding the ability to raise the necessary funds, either through operations or fundraising, or a combination of both.
My goal, if re-elected, is to help complete an overall master plan that includes all facilities and lands. That Overall Master Plan must be consistent with the Strategic Plan, must be financially feasible, and must assure that the "classic Mad River Glen skiing experience" is sustainable for the generations to come.

I am an engineer in construction, with over 35 years of planning, estimating, scheduling and preconstruction of commercial, healthcare and higher education projects.  When not skiing, I enjoy sailing, biking, hiking and home remodeling.
I appreciate your support and promise to do my best to keep Mad River Glen the family oriented, skier friendly and environmentally conscious place that it is today.