Withdrawn
Climate Real Impact Solutions III Acquisition Corp
- Registration2021-03-05 Filed S1
- Withdrawn2022-02-15 Merger Withdrawn
- Raised
- $300M
- CIK
- 1843983
- SPAC Ticker
- CLIC.U
- Focus
- Decarbonization, Energy, Renewable Energy, Infrastructure
SPAC Team
Leadership
David W. Crane has been our Chief Executive Officer and director since January 2021. Additionally, Mr. Crane has served as Chief Executive Officer and Director of CRIS I and CRIS II since August 2020 and December 2020, respectively. Previously, from 2003 to 2015, Mr. Crane served as the Chief Executive Officer of NRG Energy, Inc. Prior to his role at NRG Energy, Inc., Mr. Crane was Chief Executive Officer of International Power Plc. Prior to that, Mr. Crane worked as a banker at Lehman Brothers Holdings Inc., focusing on the energy sector, and as an attorney at the law firm White & Case LLP in the project finance and debt restructuring departments. Currently, Mr. Crane serves on the boards of directors of Jera Co., Inc., a power generation joint venture between Tokyo Electric and Chubu Electric; Inspire Energy Holdings LLC, a green retail energy provider; Elemental Excelerator Inc, a late stage accelerator focused on climate impact and sustainability more generally; and Saudi Electricity Company, where he serves on the executive committee and risk committee, which is dedicated to strengthening electrical services throughout the Middle East and North Africa. Mr. Cane holds a J.D. from Harvard Law School and an A.B. in International Relations from Princeton University. We believe that Mr. Crane’s significant experience as a chief executive officer and his extensive background in the climate sector, including the clean energy, renewables and carbon removal subsectors, along with his board leadership experience, make him well qualified to serve as a member of our board of directors.
John A. Cavalier has been our Chief Financial Officer since January 2021. Additionally, Mr. Cavalier has served as Chief Financial Officer and a board observer of CRIS I since August 2020 and September 2020, respectively, and as Chief Financial Officer and a board observer of CRIS II since December 2020 and January 2021, respectively. Previously, from 2000 to 2008 and from 2012 to 2020, Mr. Cavalier held a number of senior positions at Credit Suisse, including Chairman of the Global Energy Group and Head of the Global Renewables Group. Prior to joining Credit Suisse, from 1990 to 2000, Mr. Cavalier served as the Managing Director and founding member of Donaldson, Lufkin & Jenrette’s Power & Energy group. From 2008 to 2015, Mr. Cavalier served as a managing partner of Hudson Clean Energy Partners, a private equity firm focused on clean energy. Earlier in his career, Mr. Cavalier served in the U.S. Army for nine years where he was an officer in the Signal Corps, and later the Judge Advocate Generals Corps. Mr. Cavalier holds a B.S. from the U.S. Military Academy, a J.D. from the University of Illinois School of Law, and an M.B.A. from Harvard Business School.
Elizabeth Comstock has been our Chief Commercial Officer since January 2021. Additionally, Ms. Comstock has served as Chief Commercial Officer and a board observer of CRIS I and CRIS II since September 2020 and January 2021, respectively. Previously, from 1990 to 2017, Ms. Comstock served as the Chief Marketing and Commercial Officer at General Electric. Prior to General Electric, Ms. Comstock served as President of Integrated Media at NBC Universal, overseeing television advertising revenue and the company’s digital efforts, including early development of hulu.com. She has also been a visiting scholar at Columbia University’s Center for Science and society and frequently advises start up founders and corporate business leaders on commercial strategy, innovation and culture change. Ms. Comstock serves on the board of directors of Nike, Inc., where she is a member of the compensation committee, and is a trustee of The National Geographic Society. Ms. Comstock holds a B.S. in biology from the College of William and Mary.
Daniel Gross has been our Chief Investment Officer since January 2021. Additionally, Mr. Gross has served as Chief Investment Officer of CRIS I and CRIS II since January 2021 and principal of Pivotal180, LLC since September 2019. Mr. Gross also served as Head of Transaction Execution of CRIS I from August 2020 to January 2021. He has also been teaching as a lecturer at Yale University and as an adjunct professor at Columbia University since 2016 and 2015, respectively. Prior to that, Mr. Gross served as a managing director of Oaktree Capital Management from 2013 to 2015 and as a partner of Hudson Clean Energy Partners from 2007 to 2013. Earlier in his career, Mr. Gross served as a vice president at Goldman Sachs from 2005 to 2007 and senior vice president at GE Capital from 1998 to 2004. Mr. Gross serves on the board of directors of Sunworks, Inc., where he is a member of the audit and corporate governance/nominating committees. Mr. Gross holds a B.A. in both economics and environmental studies from Yale University, M.B.A. from Yale School of Management and M.E.M. in environmental management from Yale School of the Environment.
Anne Frank-Shapiro has been our Chief Operating Officer since January 2021. Additionally, Ms. Frank-Shapiro has served as Chief Operating Officer of CRIS I and CRIS II since September 2020 and December 2020, respectively. Previously, from 2013 to 2019, Ms. Frank-Shapiro served as Chief Administrative Officer and Chief Compliance Officer of Pegasus Capital Advisors, a private equity firm. From 2012 to 2013, Ms. Frank-Shapiro served as Chief Administrative Officer and Chief Compliance Officer of Hudson Clean Energy Partners, a private equity firm. Earlier in her career, from 1987 to 2011, Ms. Frank-Shapiro worked at Credit Suisse, where she held senior positions in the investment banking division, including as Chief Operating Officer for Global Emerging Markets Head and IBD Global Head of Expense Management. Prior to Credit Suisse, from 1980 to 1983, Ms. Frank-Shapiro served as Chief Administrative Officer at NYC Department of Environmental Protection where she managed its capital budget. Ms. Frank-Shapiro is currently a trustee of The Town Hall. Ms. Frank-Shapiro holds a B.S. in Mathematics from SUNY Buffalo and an M.B.A. from New York University.
Jane Sadowsky is expected to serve on our board of directors as an independent director and Chairperson Elect . Ms. Sadowsky has been serving as a senior advisor at Moelis & Company since August 2018. Prior to that, Ms. Sadowsky was a senior managing director at Evercore Partners Inc. from 2006 to 2011. Prior to Evercore Partners Inc., Ms. Sadowsky spent six years at Citigroup Inc.’s Investment Bank, where she was a Managing Director and Co-Head of the North America Power & Utility group. Ms. Sadowsky started her career as an investment banker at Donaldson, Lufkin & Jenrette, and eventually rose to Managing Director. Ms. Sadowsky currently serves on the boards of directors of Yamana Gold Inc., where she serves on the audit committee and as Chair of the governance committee, as well as Nexa Resources S.A., where she serves on the audit and governance and compensation committees. Ms. Sadowsky holds an M.B.A. from the Wharton School of Business and a B.A. in political science and international relations from the University of Pennsylvania. We believe Ms. Sadowsky is well qualified to serve on our board of directors based on her extensive leadership experience, including her experience in mergers and acquisitions, and her expertise in the power, utility and energy sectors.
Mimi Alemayehou is expected to serve on our board of directors as an independent director . Ms. Alemayehou has been serving as a Senior Vice President at Mastercard Incorporated since September 2020. Previously, from 2014 to 2020, Ms. Alemayehou served as a Managing Director of Black Rhino Group and an Executive Advisor and Chair of Blackstone Africa Infrastructure LP. From 2010 to 2014, Ms. Alemayehou served as executive vice president of the OPIC, and from 2008 to 2010, as a United States Executive Director of the Africa Development Bank. Ms. Alemayehou currently serves on the boards of directors of FinDev Canada, the ONE Campaign, Energy for Growth Hub and CRIS I. Ms. Alemayehou holds a B.A. from West Texas A&M University and an M.A. from Tufts University. We believe Ms. Alemayehou is well qualified to serve on our board of directors based on her extensive experience with investments in emerging markets, including in the broader energy sector, and as a policy advocate for increased energy access in the developing world, as well as her expertise in finance.
Megan Hammond is expected to serve our board of directors as an independent director . Ms. Hammond has been serving as a Managing Director at the University of Michigan’s Investment Office since 2019. Prior to that, she led Dartmouth College’s real estate and natural resources portfolios from 2007 to 2019. She began her career in institutional investing at Cambridge Associates in 1998, where she worked as head of Venture Capital research and then as a client-facing consultant until her departure in 2007. Prior to that, she was a research associate at Worldwatch Institute from 1991 to 1994. Ms. Hammond holds an M.B.A. and M.E.S. from Yale University and an A.B. in political science and government from Dartmouth College. We believe Ms. Hammond is well qualified to serve on our board of directors based on her extensive investment experience.
Shaun Kingsbury is expected to serve on our board of directors as an independent director . Mr. Kingsbury has been serving as the Chairman of Renewable Power Capital Limited since December 2020, the Chairman of CNG Fuels Ltd since March 2020, a member of the advisory board of Envision Energy since January 2013 and the Chairman of Sustainable Investment Management since May 2019. Prior to that, Mr. Kingsbury was the Chief Executive Officer of Conduit Investment Advisors Limited from April 2020 to October 2020, the Chief Executive of Low Carbon Investment Management Limited from March 2018 to May 2018, the Chief Executive Officer of the UK Green Investment Bank Plc from October 2012 to August 2017 and a partner at Hudson Clean Energy Partners from June 2008 to October 2012. Mr. Kingsbury holds a BA (hons) in Business Studies from Ulster University. We believe Mr. Kingsbury is well qualified to serve on our board of directors based on his extensive leadership experience, board advisory experience and his expertise in the energy sector.
Jamie Weinstein is expected to serve on our board of directors . Since September 2019, Mr. Weinstein has served as a managing director, portfolio manager and head of corporate special situations at PIMCO, focusing on PIMCO’s opportunistic and alternative strategies within corporate credit. Prior to joining PIMCO in 2019, Mr. Weinstein worked for KKR as a portfolio manager for the firm’s special situations funds and portfolios, which he managed since their inception in 2009. Mr. Weinstein was also a member of KKR’s special situations, real estate, and India NBFC investment committees and the KKR credit portfolio management committee. Previously, Mr. Weinstein was a portfolio manager with responsibility across KKR’s credit strategies. Prior to joining KKR, Mr. Weinstein was with Tishman Speyer Properties as director of acquisitions for Northern California and at Boston Consulting Group as a consultant. Currently, Mr. Weinstein serves on the boards of directors of CRIS I, CRIS II, Freedom Acquisition I Corporation, Capstar Special Purpose Acquisition Corp and Sandbridge Acquisition Corporation. Mr. Weinstein has 18 years of investment experience and received an M.B.A. from the Stanford Graduate School of Business and a B.S. in Civil Engineering and Operations Research from Princeton University. We believe Mr. Weinstein is well qualified to serve on our board of directors based on his extensive leadership and business experience, including his expertise in investment management and acquisitions.