Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Board Appointments
February 17, 2021 at 09:36 pm
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On February 17, 2021, Hannon Armstrong Sustainable Infrastructure Capital, Inc. announced the election of Clarence D. “Clay” Armbrister and Nancy C. Floyd to become new independent directors of the Company’s Board of Directors (the “Board”) to be effective as of March 1, 2021. In connection with these elections the Board increased the size of the Board by two directors. Mr. Armbrister has served as President of Johnson C. Smith University since January 1, 2018. Previously, Mr. Armbrister served as President of Girard College from 2012 to 2017. Mr. Armbrister has served as Chair of the Audit Committee and a member of the Compensation Committee of Health Partners Plans Inc. since 2016. From 2008 to 2011, Mr. Armbrister served as Chief of Staff to the former Mayor of Philadelphia, Michael A. Nutter. Mr. Armbrister also served as Senior Vice President for Administration and subsequently Executive Vice President and Chief Operating Officer of Temple University from 2003 to 2007. Ms. Floyd has served since 1993 as a Managing Director of Nth Power LLC. From 1989 to 1993, Ms. Floyd joined and started the technology practice for the utility consulting firm, Barakat and Chamberlain. Effective March 1, 2021, Mr. Armbrister was also appointed by the Board to serve as a member of the Nominating, Governance and Corporate Responsibility Committee and Ms. Floyd was appointed to serve as a member of the Audit Committee and the Finance and Risk Committee. The Board has determined that both Mr. Armbrister and Ms. Floyd are independent pursuant to the New York Stock Exchange listing standards, the Company’s corporate governance guidelines, its independence standards and the written charter of the Nominating, Governance and Corporate Responsibility Committee. The Board has also determined that Ms. Floyd qualifies as an “audit committee financial expert” as defined in SEC rules.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a climate positive investment firm that partners with clients to deploy real assets that facilitate the energy transition. It invests in a variety of asset classes across its three primary climate solutions markets: Behind the Meter; Grid-Connected; and Fuels, Transport, and Nature. Behind the Meter includes residential solar and storage, community solar and commercial and industrial solar, and energy efficiency. Grid-Connected includes utility-scale solar, onshore wind, and battery energy storage systems. Fuels, Transport, and Nature include renewable natural gas, fleet decarbonization, and ecological restoration. Its investments take various forms, including equity, joint ventures, commercial and government receivables or securities, and other financing transactions. It funds its investments in climate solutions using a range of financing sources, including corporate unsecured bonds, convertible bonds, and others.