IRVINE, Calif.--(BUSINESS WIRE)--CTC Global is pleased to announce the expansion of its Board of Directors with the addition of two distinguished industry veterans, Ms. Miranda Ballentine and Mr. Jim Laurito.
Ms. Miranda Ballentine, a proven leader in clean energy and sustainability, brings a wealth of experience from roles including CEO of Clean Energy Buyers Association (CEBA) and former Assistant Secretary of the Air Force (Installations, Environment, & Energy), among others. Recognized for remarkable leadership in the TIME100 Climate list of Most Influential Climate Leaders in Business, as an operator, Ms. Ballentine oversaw $9 Billion energy budgets, $4.5 Billion infrastructure budgets, and has been responsible for $17 Million P&Ls. Ballentine was recently appointed by the Secretary of Energy, Hon. Jennifer Granholm, to be a member of the inaugural board of directors for the Congressionally authorized Foundation for Energy Security & Innovation, where she currently serves as the Board Chair. With a passion for fostering diverse leadership and advancing clean energy solutions, Ms. Ballentine continues to make profound impacts on national security, economic prosperity, and climate action while bringing a strong aptitude for building culture, teams, and people.
Mr. James Laurito brings over 25 years of extensive experience in the U.S. gas and electric utility sectors. His career highlights include senior leadership roles at Fortis, notably as Executive Vice President of Business Development and as President and CEO of Fortis’ Central Hudson Gas & Electric subsidiary. He also held significant positions as President & CEO of New York State Electric & Gas and Rochester Gas & Electric, both subsidiaries of Iberdrola & Energy East. Mr. Laurito's contributions extend to serving as a former Director of the Edison Electric Institute. Currently, Mr. Laurito serves on the board of ITC, a prominent independent transmission asset developer, owner, and operator. He is also a Director of the Bowman Consulting Group, where he chairs the Compensation Committee, and serves as a Trustee of the American Gas Foundation, having previously chaired the organization. Additionally, Mr. Laurito holds director roles at Stone Mountain Technologies, Inc. and serves as an Operating Partner at Energy Impact Partners, LP. Mr. Laurito frequently addresses energy transition issues in speaking engagements across the United States.
CTC Global’s CEO, Mr. J.D. Sitton, said “My colleagues and I are very excited to work with Miranda and Jim. Together they bring a wealth of insight, creativity and experience to CTC’s board and their involvement comes at a critical time for the company and the industry. CTC’s utility customers are grappling with massive changes resulting from accelerated electrification and broader and deeper reliance on renewable power. These are challenges that are familiar to Jim and Miranda, and I know they will help ensure CTC is well positioned to be a great partner to its customers.”
Mr. Leland Jones, CTC Global’s board member added “We are thrilled to welcome Miranda Ballentine and Jim Laurito to CTC’s Board of Directors. Their exceptional leadership and deep industry expertise will fortify our strategic initiatives as we navigate the evolving landscape of grid modernization and the global energy transformation.”
About CTC Global:
CTC Global is the world’s leading developer and manufacturer of carbon fiber composite cores used in Advanced Overhead Conductors. The Company’s patented ACCC® Conductor has been selected and vetted by more than 300 utility and industrial customers through extensive testing and the installation of more than 180,000 km of ACCC® Conductor in over 65 countries to improve the efficiency, capacity, reliability, and resilience of their electric power grids. The ACCC® Conductor’s numerous attributes make it ideally suited for quickly and cost effectively doubling the capacity (2X) of existing transmission lines via reconductoring - and reducing capital and operating costs for new lines. ACCC® Conductors have been chosen for well over 1,300 projects and are credited for reducing line losses by 25 to 40% or more to reduce fuel consumption and associated GHG / CO2 emissions while also freeing up generation capacity otherwise wasted. To date, it is estimated that the use of ACCC® Conductors has reduced CO2 emissions by over 30 million metric tons. CTC Global operates five core manufacturing facilities which support more than 35 authorized ACCC® Conductor manufacturing partners, worldwide. CTC Global is headquartered in Irvine, California. For more information, visit www.ctcglobal.com.
