Frank Klassen is a graduate of the University of Manitoba with a Masters Degree in Economics and Public Finance. After graduation he held a number of economic analysis and policy positions with the federal government in Ottawa. In 1980 he joined the British Columbia Ministry of Finance as Manager of the Tax Policy Branch, and in 1983 became a Director in Treasury Board Staff. In 1988 Mr. Klassen joined BC Hydro as Vice President of Finance and Administration, and Chief Financial Officer. During his tenure with BC Hydro, Mr. Klassen played a key role in privatizing several segments of the company, reorganizing the remaining elements, and restructuring the corporation's long term debt. As a result of these initiatives, BC Hydro's annual net income improved from $25 million in 1987 to $401 million in 1992. Since 1992, Mr. Klassen has operated his own consulting company.