#United States #Reston, Virginia #GridPoint #Derek Booth #Mark Danzenbaker

GridPoint Announces Leadership Transition

GridPoint, a prominent player in energy management technology, is embarking on a significant leadership change aimed at further driving sustainability and value creation within the industry. The Reston, Virginia-based company has declared that its Chief Operating Officer, Derek Booth, will take over as the new Chief Executive Officer, succeeding Mark Danzenbaker. This transition marks a crucial step as GridPoint looks to enhance its growth trajectory while continuing its mission of decarbonizing commercial buildings and aiding in grid modernization.

Transition Details and Implications

The decision was made unanimously by the Board of Directors, reflecting a commitment to continuity and strategic alignment as GridPoint prepares for the next phase of its evolution. Mark Danzenbaker will transition to a role advising the Board, working closely with Derek Booth to ensure a smooth changeover. Both leaders have expressed their commitment to maintaining the momentum that has characterized GridPoint's recent accomplishments.

During his tenure, Mark has been pivotal in transitioning the company to a subscription-based sales model, a strategy that has not only boosted the company's performance but has also significantly benefitted its customers. Peter Corsell, GridPoint's Chairman and Founder, extended his gratitude to Mark for his outstanding leadership over the past 15 years, particularly applauding the growth and value generated under his last nine years as CEO.

A Vision for the Future

Derek Booth, stepping into his new role, emphasized his enthusiasm for the future of GridPoint. He stated, “This is an exciting time in the company's history. We are committed to advancing GridPoint's vision as a leading technology company that generates value for commercial buildings and electric utilities at the edge of the grid.” With a focus on expanding the platform’s capabilities and enhancing customer service, Booth is ready to propel the company forward.

Booth brings significant expertise from his previous position at Johnson Controls, where he spent 16 years in various leadership roles focused on business transformation. Since joining GridPoint in early 2024, he has already made notable strides in improving the customer experience, which is crucial for sustaining growth in a rapidly evolving market.

Commitment to Excellence

At the core of both leaders' approaches is a relentless commitment to excellence. Booth's track record of driving revenue growth, operational efficiency, and high customer satisfaction aligns seamlessly with GridPoint’s mission. His leadership philosophy centers on inspiring and empowering colleagues, fostering a collaborative environment that promotes innovation and operational success.

Mark Danzenbaker reflected on his journey at GridPoint, sharing his pride in the company’s transition into a leading market player. He emphasized that the leadership change has been the result of thoughtful planning and expressed confidence that under Booth’s guidance, GridPoint would successfully navigate future challenges while continuing its important work in the energy sector.

About GridPoint

GridPoint’s cutting-edge technology is already in use across more than 20,000 commercial buildings, optimizing energy management and sustainability objectives simultaneously. The platform utilizes data analytics, machine learning, and intelligent automation to offer unprecedented visibility into building operations and reduce energy costs. As buildings equipped with GridPoint Intelligence™ work collectively, they enable a more resilient and efficient power grid.

The leadership transition at GridPoint is not merely a change in personnel; it symbolizes a strategic move toward greater innovation, sustainability, and value creation. As the company forges ahead, all eyes will be on how Booth and Danzenbaker collaborate to steer GridPoint into its promising future.