GridPoint, a recognized leader in energy management technology that decarbonizes commercial buildings and unlocks excess grid capacity, announced a leadership succession that continues to drive sustainable value for customers, investors, and employees while positioning the company for its next stage of growth. The Board has unanimously appointed Derek Booth, GridPoint’s Chief Operating Officer, as the company’s new Chief Executive Officer. Mark Danzenbaker will transition from his role as CEO and become an advisor to the Board of Directors. Mr. Danzenbaker will continue to work closely with Mr. Booth to ensure a seamless leadership transition.
“On behalf of the Board of Directors, I wish to thank Mark for his outstanding leadership and commitment to GridPoint during the past 15 years, and especially the last nine years during which he served as our CEO,” said Peter Corsell, GridPoint Chairman and Founder. Under Mark’s guidance, the company successfully adopted a subscription-based sales model which has unlocked significant value for our customers and fueled years of growth for our shareholders.”
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Mr. Corsell continued, “Derek shares the same unwavering commitment to excellence that Mark fostered and has played a pivotal role in charting GridPoint’s growth trajectory. Derek’s deep understanding of our industry, technology, operations, culture, and strong customer relationships makes him the right leader to continue advancing the company’s strategy and driving value for customers and shareholders.”
Incoming CEO Derek Booth said, “This is an exciting time in the company’s history. We are committed to advancing GridPoint’s vision as a leading technology company that generates value for commercial buildings and electric utilities at the edge of the grid. We are executing our growth plan by focusing on expanding our platform capabilities and providing world-class customer service. Mark’s leadership during the past decade has been instrumental in building GridPoint into an industry leader. As we enter this next chapter, I look forward to working with Mark to ensure a seamless transition for all our stakeholders and I thank him for his partnership. I am honored to lead GridPoint’s exceptional and dedicated team and I am excited to share my vision for our company’s future.”
Reflecting on his tenure, Mr. Danzenbaker commented, “It has been an honor and a privilege to lead GridPoint during the past decade and to work with our incredible team to transform the company into the market leader it is today. I am incredibly proud of the achievements we have accomplished together and the work we’ve done for our customers and shareholders. This transition is the result of a thoughtful planning process, and I have full confidence that Derek is the right leader to guide our company as it continues its mission to accelerate the energy transition into the future.”
SOURCE: PRNewswire