- Smart building materials company ClearVue Technologies (CPV) appoints Basil Karampelas as its Chief Executive Officer (CEO) for North America
- Mr Karampelas has more than 30 years experience in renewable energy as an investor, financier, adviser and CEO
- The company says the appointment continues its quest to expand its footprint in the North American market
- Mr Karampelas commences the CEO role from 1 February
- CPV shares jump 8.96 per cent to 36.5 cents
Smart building materials company ClearVue Technologies (CPV) has appointed Basil Karampelas as its Chief Executive Officer (CEO) for North America to lead its expansion efforts across the US and Canada.
Mr Karampelas has more than 30 years experience in renewable energy as an investor, financier, adviser and CEO.
Most recently he was Managing Director and leader of a national advisory firm’s energy and sustainability practice.
The new ClearVue CEO has also served as President of American Process Inc., an operating partner responsible for environmental, social and governance (ESG) investments at Plainfeld Asset Management and as co-founder of BP USA Energy Financial Services.
Mr Karampelas was an executive with a unique skillset and his appointment was in line with the company’s strategy to accelerate its growth trajectory in North America, ClearVue said.
“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,” Executive Chairman Victor Rosenberg said.
Mr Karampelas said he believed his skills and experience would help ClearVue become a market leader in the North American market.
“I have every confidence that the company’s track record of success in its existing markets can be leveraged and replicated in North America,” he said.
“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.”
CPV shares were trading 8.96 per cent higher at 36.5 cents at 2:58 pm AEDT.