Dan Oglevee will enhance New River’s strategic goal of growth and expansion as a vital consultant.
IMMEDIATE RELEASE: August 7, 2024
CLOVERDALE, VIRGINIA—On August 7, 2024, the New River Electrical ESOP Trustees announced the appointment of Dan Oglevee as an Independent Member of the Board, bringing the number of board members to seven. Mr. Oglevee currently divides his time between teaching at The Ohio State University in the Fisher College of Business and advising Early-Stage companies.
“I’m excited to have Dan join the New River Board as an external director and feel his background in academia and entrepreneurship brings a lot to the table,” stated New River’s Chief Financial Officer and Corporate Treasurer, Melanie R. Fitzgerald, CPA. “These qualities, coupled with his ability to think outside the box will challenge us to view things through a different lens, to drive us towards New River Electrical’s strategic plan and vision”.
Mr. Oglevee started his nine-year career on Wall Street with firms including Oppenheimer, Morgan Stanley, and Merrill Lynch before joining a boutique Venture Capital firm focused on the Wireless and Energy Industry. Before transitioning into consulting and higher education, Dan gained operating experience with two companies he co-founded during the Internet boom. As a Senior Lecturer for the Department of Finance at The Ohio State University, Dan teaches in the Executive MBA and both Graduate and Undergraduate programs. His courses specialize in venture capital, private equity, financial modeling, corporate finance, and entrepreneurial finance. Dan has been recognized for his teaching, winning multiple Executive MBA, MBA and Undergraduate teaching awards including the Daniel Westerbeck Teaching Excellence Award, the highest honor for teaching at Fisher, for sustained excellence in teaching. Dan received both his M.B.A. and B.S. in Business Administration from The Ohio State University.
“As a financial professional turned educator, Dan brings an impressive wealth of general knowledge and background to our Board with a robust corporate finance acumen,” stated Ike Poe, Board Chair, President and CEO of New River Electrical. “I have always admired and respected his remarkable professional journey from Wall Street to the graduate classroom via the entrepreneurship school of hard knocks. This is an exciting appointment for the Board as we continue to work towards our strategic growth and expansion objectives”.
In response to this announcement, Mr. Oglevee stated, “I am thrilled at the opportunity to join the Board of Directors at New River Electrical, bringing with me an entrepreneurial perspective based on over 30 years of experience that I believe will complement the innovative and forward-thinking approach of New River’s senior leadership team. I am particularly excited to work alongside a team that prioritizes the safety and welfare of its employees while also focusing on future growth and maintaining the organization’s independence. With a reputation for supporting customers, partners and local communities, I am confident New River is on a trajectory to achieve remarkable success and continue to uphold the values that make New River a leader in its field.”
Dan’s professional experiences and network of contacts, combined with his compelling entrepreneurial spirit, make him an excellent addition to New River’s Board, which aligns with the Board’s strategic plan and vision – focusing on growth and expansion.
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About New River Electrical Corporation
New River Electrical Corporation is a nationwide, 100% employee-owned electrical contractor working in high-voltage construction and maintenance of electrical utility and industrial customers. Established in 1953, NRE employs over 1,800 people and is registered to conduct business in 38 states, the District of Columbia, and the Commonwealth of Puerto Rico. They have office locations in Cloverdale, VA, Granville, OH, Cleveland, OH, and Phoenix, Arizona.
For more information
John Vehmeier
New River Electrical Corporation
jvehmeier@nrec.net
540-966-1650
