GridPoint Welcomes New Executives Including Chief Financial Officer
ARLINGTON, Va. – April 29, 2010 – GridPoint, Inc., an established leader in smart energy
solutions, today announced the appointment of new executives with extensive experience in the
finance, software, utility and customer care fields. Joseph R. Chinnici will serve as Chief
Financial Officer and Executive Vice President; Microsoft veteran Cameron Ferroni as EVP,
Product and Engineering; utility executive Kenneth R. Floyd as EVP, Marketing and External
Affairs; and Steven J. Cory as EVP, Customer Installation and Service.
“The addition of such outstanding individuals to our team helps position the company favorably
to undertake the exciting next stage of expansion while continuing to serve the needs of our
customers and provide value to shareholders,” said Peter L. Corsell, Chairman and CEO,
GridPoint.
Mr. Chinnici is responsible for leading GridPoint’s finance, human resources, corporate
information technology, and investor relations efforts. With more than 30 years of financial
leadership experience, he served as Chief Financial Officer for 12 years at telecommunications
technology supplier Ciena Corporation. Most recently, he served as Executive Vice President
and CFO at Comverse Technology. Prior to Ciena, he held a variety of financial positions at
Sara Lee Corporation and Playtex Corporation.
Mr. Ferroni is responsible for GridPoint’s strategic product development efforts and leads the
product and engineering teams. The software industry veteran has served in a variety of
capacities – from application developer to Chief Technology Officer. Mr. Ferroni began his
career at Microsoft and is a founding member of the Xbox team, running the 250-person Xbox
Platform Software and Services group responsible for the core software aspects of Xbox 360
and Xbox Live. Recently, he served as Chief Technology Officer for Marchex Inc., a public
technology and search services company.
Mr. Floyd leads GridPoint’s marketing, corporate communications and external affairs efforts
including industry and media relations. He has executive leadership experience with the nation’s
largest gas and electric utilities in managing customer care, marketing, demand side
management and field operations. Most recently, Mr. Floyd served as Vice President for
Customer Solutions at Xcel Energy. Previously, he was Director of Customer Service for the
Sacramento Municipal Utility District (SMUD). He began his career with Pacific Gas & Electric
(PG&E), where he led a turnaround effort for the utility’s call centers.
Mr. Cory leads GridPoint’s field operations for customer installation and service. He has 25
years of experience in executive management, customer care, engineering, product
development, service provisioning and operations in the software and telecommunications
industries. Most recently, Mr. Cory served as the Senior Vice President of Operations at
NeuStar, a provider of clearinghouse and directory services to the global communications and
Internet industry. Previously, he held senior executive roles at Qwest Communications, Oncor
Communications and Telesphere Communications.
About GridPoint
GridPoint is committed to building a clean, efficient energy future. Our smart energy solutions
empower key stakeholders in the energy ecosystem – utilities, enterprises, consumers – with
the visibility and control required to more efficiently generate, distribute and consume energy.
We deliver software, hardware and services that integrate, aggregate and manage sources of
load, generation and storage. Our customers include Fortune 100 retail and restaurant chains,
leading North American utilities and thousands of residential energy consumers. For more
information, please visit www.gridpoint.com
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