Altus Power Announces Appointment of Investment Management Executive, Richard A. Shapiro, to the Board of Directors
Altus Power (NYSE: AMPS), the largest commercial-scale clean electric power provider, has appointed Richard A. Shapiro to its Board of Directors. Shapiro, who will chair the Compensation Committee, brings nearly three decades of investment management experience. CEO Gregg Felton highlighted Shapiro's valuable experience in financial analysis, market positioning, and strategic transactions. Chairperson Christine Detrick noted his complementary skills in finance, mergers and acquisitions, and value unlocking.
Shapiro is currently the Founder and Chief Investment Officer of Ridge Run Partners, His previous roles include Portfolio Manager at Millennium Management and Partner at Wexford Capital. He holds an MBA from Georgetown University and has served on the boards of several public companies. This appointment aims to enhance Altus Power's strategy as it scales its solar asset portfolio and optimizes financing.
Altus Power (NYSE: AMPS), il principale fornitore di energia elettrica pulita su scala commerciale, ha nominato Richard A. Shapiro nel suo Consiglio di Amministrazione. Shapiro, che presiederà il Comitato per la Remunerazione, porta con sé quasi tre decenni di esperienza nella gestione degli investimenti. Il CEO Gregg Felton ha messo in evidenza l'esperienza preziosa di Shapiro nell'analisi finanziaria, nel posizionamento di mercato e nelle transazioni strategiche. La presidente Christine Detrick ha notato le sue competenze complementari in finanza, fusioni e acquisizioni, e nel sbloccare valore.
Shapiro è attualmente fondatore e Chief Investment Officer di Ridge Run Partners. Tra i suoi precedenti incarichi figurano Portfolio Manager presso Millennium Management e Partner presso Wexford Capital. Ha conseguito un MBA presso la Georgetown University ed è stato membro del consiglio di amministrazione di diverse aziende pubbliche. Questa nomina mira a potenziare la strategia di Altus Power mentre amplia il suo portafoglio di asset solari e ottimizza il finanziamento.
Altus Power (NYSE: AMPS), el mayor proveedor de energía eléctrica limpia a gran escala, ha nombrado a Richard A. Shapiro en su Junta Directiva. Shapiro, quien presidirá el Comité de Compensación, aporta casi tres décadas de experiencia en gestión de inversiones. El CEO Gregg Felton destacó la valiosa experiencia de Shapiro en análisis financiero, posicionamiento en el mercado y transacciones estratégicas. La presidenta Christine Detrick señaló sus habilidades complementarias en finanzas, fusiones y adquisiciones, y desbloqueo de valor.
Shapiro es actualmente el Fundador y Director de Inversiones de Ridge Run Partners. Sus roles anteriores incluyen Gerente de Cartera en Millennium Management y Socio en Wexford Capital. Tiene un MBA de la Universidad de Georgetown y ha formado parte de las juntas de varias empresas públicas. Este nombramiento busca mejorar la estrategia de Altus Power mientras amplía su cartera de activos solares y optimiza el financiamiento.
Altus Power (NYSE: AMPS)는 상업 규모의 청정 전력 공급업체 중 가장 큰 회사로, Richard A. Shapiro를 이사회에 임명했습니다. Shapiro는 보상 위원회를 의장하며 30년 가까운 투자 관리 경험을 가지고 있습니다. CEO Gregg Felton은 Shapiro의 재무 분석, 시장 포지셔닝 및 전략적 거래에서의 귀중한 경험을 강조했습니다. 의장 Christine Detrick은 그의 재무, 인수 합병, 가치 창출에 있어 보완적인 기술을 언급했습니다.
Shapiro는 현재 Ridge Run Partners의 창립자이자 최고 투자 책임자이며, Millennium Management의 포트폴리오 매니저와 Wexford Capital의 파트너로 근무한 이력이 있습니다. 그는 조지타운 대학교에서 MBA를 취득하였고, 여러 상장 기업의 이사회에서 활동한 바 있습니다. 이번 임명은 Altus Power가 태양광 자산 포트폴리오를 확장하고 자금을 최적화하는 전략을 강화하기 위한 것입니다.
Altus Power (NYSE: AMPS), le plus grand fournisseur d'énergie électrique propre à l'échelle commerciale, a nommé Richard A. Shapiro à son conseil d'administration. Shapiro, qui présidera le comité de rémunération, apporte près de trois décennies d'expérience en gestion d'investissements. Le PDG Gregg Felton a souligné l'expérience précieuse de Shapiro en analyse financière, positionnement sur le marché et transactions stratégiques. La présidente Christine Detrick a noté ses compétences complémentaires en finance, fusions et acquisitions, et en création de valeur.
Shapiro est actuellement fondateur et directeur des investissements de Ridge Run Partners. Il a occupé des postes précédents en tant que gestionnaire de portefeuille chez Millennium Management et associé chez Wexford Capital. Il détient un MBA de l'Université de Georgetown et a siégé au conseil d'administration de plusieurs entreprises publiques. Cette nomination vise à renforcer la stratégie d'Altus Power alors qu'elle développe son portefeuille d'actifs solaires et optimise son financement.
Altus Power (NYSE: AMPS), der größte Anbieter von sauberer Elektrizität im kommerziellen Maßstab, hat Richard A. Shapiro in seinen Vorstand berufen. Shapiro, der den Vergütungsausschuss leiten wird, bringt fast drei Jahrzehnte Erfahrung im Investmentmanagement mit. CEO Gregg Felton hob Shapiros wertvolle Erfahrung in der Finanzanalyse, Marktpositionierung und strategischen Transaktionen hervor. Die Vorsitzende Christine Detrick betonte seine komplementären Fähigkeiten in Finanzen, Fusionen und Übernahmen sowie im Wertfreischalten.
Shapiro ist derzeit Gründer und Chief Investment Officer von Ridge Run Partners. Zu seinen früheren Positionen gehören Portfoliomanager bei Millennium Management und Partner bei Wexford Capital. Er hat einen MBA von der Georgetown University und hat in den Vorständen mehrerer börsennotierter Unternehmen gedient. Diese Ernennung zielt darauf ab, die Strategie von Altus Power zu verbessern, während das Unternehmen sein Portfolio von Solarassets erweitert und die Finanzierung optimiert.
- Appointment of Richard A. Shapiro, an experienced investment management executive, to the Board of Directors
- Shapiro brings valuable experience in financial analysis, market positioning, and strategic transactions
- Shapiro's background complements the current Board's skill set, potentially enhancing strategic decision-making
- Altus Power's position as the largest player in the commercial solar space
- None.
Richard Shapiro (Photo: Business Wire)
“Altus Power’s position as the largest player in the commercial solar space, together with our expertise and platform capability allow us to deliver the benefits of locally-generated clean electric power, providing our customers with greater access and energy security. As we scale our portfolio of solar assets, we will continue to optimize our financing and enhance our capital structure,” said Gregg Felton, CEO, Altus Power. “Rich brings valuable experience in financial analysis, market positioning, and strategic transactions and we are very pleased that he is joining Altus Power.”
“Rich’s proven track record in finance, mergers and acquisitions, and unlocking value in companies in various stages, complements the skill set of our current Board of Directors,” said Christine Detrick, Chairperson of Altus Power.
“I am honored to join Altus Power’s Board of Directors and look forward to working with this exceptional team that is focused on long-term growth and shareholder value,” commented Shapiro. “I believe my capital markets background and experience advising high-growth companies will add further perspective to Altus Power’s strategy.”
Shapiro brings nearly three decades of investment management experience, as well as restructuring and turnaround experience from the Board level. Since 2021, Shapiro has served as the Founder and Chief Investment Officer of Ridge Run Partners, LLC, a family office firm. Previously, Shapiro served as Portfolio Manager at Millennium Management, a multi-billion dollar hedge fund, where he was focused on equity investments and was a Partner at Wexford Capital, a multi-billion dollar hedge fund.
Shapiro holds an MBA from
About Altus Power
Altus Power, based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240801889693/en/
Altus Power:
Jenny Volanakis
mediarelations@altuspower.com
Source: Altus Power, Inc.
FAQ
Who is Richard A. Shapiro and what role will he have at Altus Power (AMPS)?
What experience does Richard A. Shapiro bring to Altus Power (AMPS)?
How might Richard A. Shapiro's appointment benefit Altus Power (AMPS)?
What is Altus Power's (AMPS) current position in the commercial solar market?
