Energy storage company Energy Vault Holdings Inc. added energy and transportation industry executive Theresa Fariello to its board of directors, effective Feb. 1, according to a press release on Jan. 19.
Fariello's appointment coincides with Henry Elkus' departure from the board, effective the same date. Elkus served as the founder and CEO of Helena, a partner and Series B-1 investor of Energy Vault.
"It is a distinct privilege to join Energy Vault’s Board of Directors,” Fariello commented in the release. “I am inspired by Energy Vault's mission and commitment to creating a cleaner, more sustainable future."
Within the oil and gas industry, Fariello spent 16 years with Exxon Mobil advising in executive leadership on key governmental and policy matters. Prior to those roles, she held senior leadership positions at Oxy and served as deputy assistant secretary for the U.S. Department of Energy's International Energy Policy in the Office of International Affairs.
Following her departure from Exxon Mobil, Fariello served as senior vice president of government affairs and global policy at United Airlines beginning in 2017.
"Theresa’s leadership and experience will help us fully leverage the opportunities associated with this landmark legislation while strategically optimizing our global approach to working with government organizations in an increasingly complex regulatory and public sector environment," Energy Vault chairman and CEO Robert Piconi said. "I look forward to working with her as we execute our global growth plans."
"I want to thank Henry for his Board service and significant contributions to Energy Vault," he continued. "As an earlier stage investor in Energy Vault, Henry and the Helena team played a significant role as the company scaled its operations into our public listing on the NYSE last year, both as investor and strategic partner supporting our growth."
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