SYDNEY, AUSTRALIA: ClearVue Technologies Limited (ASX:CPV) has appointed Basil Karampelas as CEO for North America to continue expanding its footprint across the United States, Canada and the Western Hemisphere in general.
Mr Karampelas will commence with the Company from 1 February 2022.
Mr Karampelas has spent nearly three decades in a variety of senior financial, operational and advisory roles. Most recently, Karampelas served as Managing Director and leader of a national advisory firm’s energy and sustainability practice.
He has also served as the President of American Process Inc., as an operating partner responsible for ESG investments at Plainfeld Asset Management, and as a Co-founder of BP USA Energy Financial Services, where he led investments in energy and renewables projects.
Earlier in his career, he refined his skills as an energy sector investment banker at the world-class advisory firms Salomon Brothers and Wasserstein Perella.
Mr. Karampelas received his Master of Business Administration from the Stanford University Graduate School of Business, where he was an Arjay Miller Scholar. He has also earned a Bachelor of Arts in Economics and History, with distinction, from Stanford University. He and his family established the Betty Karampelas Memorial Scholarship for Graduating Seniors, which has been awarded annually to graduating seniors in Avon, Connecticut since 1998.
Victor Rosenberg, Executive Chairman of ClearVue, commented: “With the appointment of Basil Karampelas to lead our efforts in North America, we have found an executive with that rare combination of deep operating experience in renewables, a track record of success raising money in the capital markets, and an extensive network of relationships that spans investment firms, government agencies, multinational energy companies, utilities and manufacturing companies.
We expect him to utilise these skills to allow us to not only introduce ClearVue products to the North American market, but to expand our investor base into this geography as well.”
Mr Karampelas added: “I am absolutely thrilled to be joining a company where I believe my skills and experience can create significant value and allow ClearVue to not only enter the North American market, but to quickly become a market leader. I have every confidence that the Company’s track record of success in its existing markets can be leveraged and replicated in North America.
I appreciate the vote of confidence that Victor and the rest of the Board of ClearVue have given me by appointing me to this role. Given the amount of activity that is expected in the US with the focus on energy transition and decarbonisation in construction, on the back of the recently passed Infrastructure Bill in the US and significant post-COVID brownfield and greenfield real estate development, we believe that we are in a confluence of very positive market conditions for the Company.”
ClearVue Technologies Limited (ASX: CPV) is an Australian technology company that operates in the Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into building surfaces, specifically glass and building façades, to provide renewable energy. ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
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