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Richard A. Shapiro Joins Altus Power Board of Directors
Slice of Energy Team
August 07, 2024
Key Highlights:
Richard A. Shapiro appointed to Altus Power Board of Directors.
Will serve as Chair of the Compensation Committee.
Shapiro brings nearly three decades of investment management experience.
Shapiro is Founder and Chief Investment Officer of Ridge Run Partners, LLC.
Previously served as Portfolio Manager at Millennium Management.
Source (Business Wire)
Notable Quotes:
“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.”
“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.”
“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.”
Our Take:
Richard A. Shapiro's addition to the Altus Power Board of Directors is a strategic move that underscores the company’s commitment to enhancing its financial and strategic capabilities. Shapiro's extensive background in investment management and his experience with high-growth companies will be invaluable as Altus Power continues to scale its portfolio of solar assets and optimize its capital structure. This appointment is expected to further solidify Altus Power’s position as a leader in the commercial solar energy sector, driving long-term growth and shareholder value.