About TETC
Tech and Energy Transition Corp (NASDAQ: TETC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. The company is sponsored by an affiliate of Macquarie Group and will be managed by Macquarie Capital. Tech and Energy Transition Corp will employ Macquarie’s full range of resources to pursue opportunities across a variety of industries.
Tech and Energy Transition Corp announced the launch of its $385 million initial public offering on March 17, 2020.
Tech and Energy Transition Corp is a generalist vehicle and plans to evaluate opportunities in many sectors, but the team particularly believes that attractive opportunities exist in software, communications, energy transition and tech-enabled services sectors.
Management Team
John Spirtos,
President and Chief Executive Officer
John Spirtos is a Senior Advisor at Macquarie Capital and leads its investing efforts focused on communication and technology infrastructure. Prior to working with Macquarie Capital, John held several leadership positions at General Electric Company (NYSE: GE), including Senior Managing Director at GE Ventures overseeing the new business creation function for GE. Prior to that, John served as Executive Vice President of Sales, Marketing and Corporate Development at iconectiv, which is the communications database division of LM Ericsson (NASDAQ: ERIC); CEO of GridPoint Inc., a privately held provider of IoT networking and energy management services; EVP of Comverse Technology, Inc.(NASDAQ: CMVT), a global provider of real-time billing and rating solutions to telecoms and utilities; SVP of Corporate Development at NeuStar, Inc. (NYSE: NSR), a global provider of database management services; and President of Broadwing Communications LLC (parent company NASDAQ: BWNG), a national provider of communications services now owned by Lumen Technologies (previously CenturyTel, Inc.). John holds a Bachelor of Science from University of California, a Juris Doctor from Southwestern University and a Master of Business Administration and Master of Laws from Georgetown University.
Greg Callman,
Energy Chief Investment Officer
Greg Callman is a Senior Managing Director and Global Head of Energy Technology at Macquarie Capital. Greg leads infrastructure development and corporate equity investments across categories such as grid scale energy storage, distributed energy, fleet electrification and residential energy. He brings 20 years of international experience as an operating executive, investor, consultant and public servant. Greg joined Macquarie Capital from Tesla Inc., where he led the growth of the company’s energy business and charging infrastructure programs in the US, Europe and Australia/New Zealand. His team was responsible for landmark projects that include commercial and residential virtual power plants, standalone and PV-paired grid scale storage and a global network of high-power EV charging. Prior to Tesla, Greg served at the US Department of Energy, with both ARPA-E and the Recovery Act Team, where he focused on the commercialization of new and disruptive technologies. Greg holds a Master of Arts from the Johns Hopkins School of Advanced International Studies (SAIS) and was an interdisciplinary Echols Scholar at the University of Virginia, focused on biochemistry and evolutionary biology.
Andrew Ancone,
Chief Financial Officer
Andrew Ancone is currently a Managing Director at Macquarie Capital’s Infrastructure and Energy Group, a team of over 250 professionals operating in all infrastructure, energy and utilities subsectors across the globe. Prior to working at Macquarie Capital, Andrew was a Manager at ANZ Banking Group Limited. He holds a Bachelors of Economics and Computer Science from The Flinders University of South Australia.
Gautham Srinivas,
Chief Legal Counsel and Company Secretary
Gautham Srinivas is a Managing Director and senior counsel in Macquarie Capital’s Principal Finance Group. He has 18 years of global experience at leading law firms and financial institutions in Sydney, London and New York. Gautham serves on the boards of various Macquarie group companies and portfolio companies throughout the Asia Pacific region. Mr. Srinivas has experience in principal investments across the capital structure and in various sectors, including infrastructure, telecommunications, transportation, energy and real estate. Gautham holds a Masters of Corporate Law from the University of Cambridge and is licensed to practice law in New South Wales (Australia), England and New York State.
Board Members
Dan Hesse,
Executive Chairman
Dan Hesse most recently served as the Chief Executive Officer of Sprint (NYSE: S), the third largest US telecommunications company, from December 2007 to August 2014. During his tenure as CEO, the American Customer Satisfaction Index recognized Sprint as the most improved US company in overall customer satisfaction across all 43 industries, and JD Power recognized Sprint 20 times for excellence in customer service. Sprint, was the only telecommunications company on Newsweek’s list of America’s 25 Greenest Companies (ranked No. 3), and Corporate Responsibility magazine awarded Dan its Lifetime Achievement Award. Sprint’s improved performance is further demonstrated by Sprint’s No. 1 ranking among all S&P 500 companies for Total Shareholder Return, assuming reinvested dividends, during Dan’s last two full calendar years as CEO. Prior to Sprint, Dan was the Chairman and CEO of Embarq Corporation, a $6 billion-in-revenue telecommunications services company. Dan spent 23 years at AT&T and rose to President and CEO of AT&T Wireless Services, at the time the United States’ largest wireless carrier. He holds a Bachelor of Arts from the University of Notre Dame, a Master of Business Administration from Cornell University and a Master of Science from the Massachusetts Institute of Technology. Dan currently serves on the boards of directors of PNC Financial Services Group, Inc.(NYSE: PNC), where he chairs the company’s Technology Subcommittee, and Akamai Technologies, Inc.(NASDAQ: AKAM), where he chairs the company’s Environmental, Social and Governance Committee.
Lawrence Handen,
Chair Investment Committee
Lawrence Handen is Senior Managing Director in Macquarie Capital’s Principal Finance Group, where he serves as the Global Head of Technology and Growth Equity Investing. He has more than 30 years of experience as an investor, operator and consultant. Throughout his career, Lawrence has been involved as a principal investor in more than 125 equity investments and acquisitions, served on the board of directors of more than 30 companies throughout the Americas and Australia and has advised over 100 other companies in various capacities. He joined Macquarie Capital from Insight Venture Partners (now Insight Partners), a leading technology-focused private equity and venture capital firm, where he served as Managing Director. Prior to Insight, Lawrence was a General Partner at UBS Capital where he led the firm’s Software, Internet & Services Group. Previously, he was a Partner at PricewaterhouseCoopers Consulting. While at PwC, Lawrence led a practice specializing in corporate-wide growth and recovery solutions for companies in the technology, information, communications and entertainment industries. Lawrence holds a Bachelor of Arts in Economics and Political Science from Bucknell University and a Master of Business Administration in Finance from NYU’s Stern School of Business.
David Roseman,
Co-Chair Investment Committee
David Roseman is currently the Chairman of Macquarie Capital’s Infrastructure and Energy Group, a team of over 250 professionals operating in all infrastructure, energy and utilities subsectors across the globe. David was previously Macquarie Capital’s Head of the Infrastructure, Renewables and Utilities group for seven years. He joined Macquarie’s Project and Structured Finance Group in 1992. Prior to joining Macquarie, David worked in the Banking and Finance Group at law firm Mallesons (now King, Wood & Mallesons). David previously served as Solicitor of the Supreme Court — New South Wales, Australia. He holds a Bachelor of Economics (Hons) and Law at Monash University (Australia).
James Avery,
Independent Director
James Avery serves as a director on the Western Electricity Coordinating Council. Prior to this, James was most recently the Chief Development Officer for San Diego Gas & Electric, a regulated subsidiary of Sempra Energy, a Fortune 500 energy services holding company providing electricity, natural gas and value-added energy related products and services. Prior to joining San Diego Gas & Electric, James was a consultant with R.J. Rudden Associates, CEO of the electric and gas operations at Citizens Utilities Company, and Chairman of the California Transmission Planning Group. James’ board select positions include Cleantech San Diego, California Power Exchange Corp., Vermont Electric Power Company, Inc. and RJ Rudden Associates Inc. James is a graduate of the Executive Management Program at Dartmouth College and he holds a Bachelor of Engineering degree from Manhattan College.
Virginia Breen,
Independent Director
Virginia Breen has 25 years of experience as an investor and board member in institutional private and public equity. She began her career at Donaldson, Lufkin & Jenrette (now Credit Suisse in investment banking in 1986 and moved to their venture capital affiliate, The Sprout Group, in 1988. Virginia serves on the board of directors at UST Global Private Markets Fund, LLC, NB Private Markets Fund II, LLC, NB Private Markets Fund III, LLC, NB Crossroads Private Markets Fund IV Holdings LLC, NB Crossroads Private Markets Fund V Holdings LLC, NB Crossroads Private Markets Fund VI Holdings LLC, NB Crossroads Private Markets Access Fund, Jones Lang LaSalle Income Property Trust and Paylocity Holding Corporation (NASDAQ: PCTY). Virginia also serves on the board of managers of the UBS A&Q fund complex and as a trustee for the Calamos Investments fund complex. Virginia holds a Master of Business Administration with highest honors from Columbia University and a Artium Baccalaureus in Computer Science from Harvard College.
Gregory Gilmore,
Independent Director
Greg Gilmore has over 30 years of experience in sales, consulting and operations management. Mr. Gilmore is chief executive officer of Planview and has been the driving force behind the company’s growth for the past 20 years. Under Greg’s leadership, Planview pioneered the work and resource management category for enterprise software, grew the total addressable market from $300 million to $5 billion in just two years. Greg previously held leadership positions at Ernst & Young, Texas Instruments Inc., James Martin & Co. and ABT (now Broadcom Clarity). He is active in business and charity communities, having served as chairman of the board at Regents School of Austin and on the boards of the Hillview Christian Ministries and Foundation for the Homeless. Greg holds a Bachelor of Business Administration in Business Analytics from Texas A&M University.
Diarmuid B. O'Connell,
Independent Director
Diarmuid O’Connell previously served as Vice President of Corporate and Business Development at Tesla, Inc. Over the course of an 11-year tenure at Tesla, Diarmuid was the second longest tenured member of the governing executive staff and was responsible for a wide range of strategic functions, projects and deals. Prior to joining Tesla, Diarmuid joined the US Department of State in 2001 under the leadership of Colin Powell, where he served as Chief of Staff for Political Military Affairs in support of the US military operations in Iraq, Afghanistan and other operational theaters, defense trade controls and post-conflict small arms reduction and demining. Earlier in his career, Diarmuid served as a strategy consultant for Accenture plc and as a marketing executive at McCann Worldwide and Young & Rubicam (now VMLY&R). He was a co-founder of a distance learning start-up, Real Time Learning, in 1999. Diarmuid continues his involvement in next generation mobility, energy transition and sustainability projects and currently serves on the boards of Dana Corp. (NYSE: DAN), Albemarle Corp. (NYSE: ALB) and The Mobility House GmbH. Diarmuid also provides consulting services to a number of global energy and mobility projects in the US and in Europe, including large scale battery manufacturing, battery recycling, long duration energy storage, electric aviation and automotive retail with a focus on new ownership models. Diarmuid holds a Bachelor of Arts from Dartmouth College in History and Government, a Master of Arts in Foreign Policy from the University of Virginia in Political Economy and Soviet Foreign Policy and a Master of Business Administration from Kellogg Graduate School of Management.
* Indicates member of Investment Committee
This information is a general description of Tech and Energy Transition Corporation (TETC). It is proprietary and all rights are reserved. Any reproduction, in whole or in part, without the prior written consent of TETC is prohibited. It is based on information generally available to the public and does not contain any material, nonpublic information. It has been prepared solely for informational purposes; it is not a solicitation of any offer to buy or sell any security or instrument.
This site may contain links to other websites operated or owned by entities that are not controlled by TETC, including to websites operated or owned by members of the Macquarie Group (as defined below) of which Tech and Energy Transition Sponsor LLC (Sponsor) is a member. TETC expressly disclaims the adoption or endorsement of any content on any such website, even if owned or operated by other members of the Macquarie Group. TETC has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. You are advised to make your own enquiries in relation to third parties described or linked on this site. Inclusion of a link to a third-party site should not be construed as that party's endorsement of this site. By linking to sites operated by third parties, TETC is not authorizing the reproduction of any material on such sites, as such material may be the subject of intellectual property rights.
This website is not intended to form the basis of any investment decision and does not constitute investment, tax or legal advice. Any person proposing to make an investment decision should seek advice from their own independent tax advisor, legal counsel and/or other advisor with respect to such matters. This information on this website does not constitute an offer to sell or a solicitation of an offer to buy any securities or to participate in any transaction. The information on this website is not intended for distribution to, or use by, any person or entity in any location where such distribution or use would be contrary to law or regulation, or which would subject TETC, Tech and Energy Transition Sponsor LLC (Sponsor), Macquarie Group or their respective affiliates to any registration requirement or similar regulation or governmental requirement within such location. Any transaction implementing any proposal discussed in this presentation shall be exclusively upon the terms and subject to the conditions set out in the definitive transaction agreements.
TETC has filed a registration statement (including a prospectus) with the SEC for the registered public securities offering that was made by TETC. This presentation does not constitute a “prospectus” within the meaning of the U.S. Securities Act of 1933.
No member of the Macquarie Group guarantees or otherwise provides assurance with respect to the obligations of the Sponsor or TETC.
Sponsor is a part of Macquarie Capital. “Macquarie Capital” refers to the Macquarie Capital operating group operating through Macquarie Corporate Holdings Pty Limited, its worldwide subsidiaries and the funds or other investment vehicles that they manage. Macquarie Corporate Holdings Pty Limited is an indirect, wholly-owned subsidiary of Macquarie Group Limited (together with its subsidiaries and funds and investment vehicles managed by it and its subsidiaries, “Macquarie Group”).
Neither TETC, Sponsor nor Macquarie Capital is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and their obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
Macquarie Group Limited and its related corporations are not otherwise currently authorized to accept deposits or conduct banking business in any other jurisdiction. Other members of the Macquarie Group are subject to regulation in the regions in which they operate. Further information can be found on this website or by contacting us.
Macquarie Bank Limited maintains Representative Offices in the states of Illinois, New York and Texas, but is not authorized to conduct business in the US.