Ed Albrigo is New Chief Executive Officer for CIT
Friday, October 16, 2015
Governor Terry McAuliffe recently shared the selection of Ed Albrigo as the next President and Chief Executive Officer for the Center for Innovative Technology (CIT).
“The CIT Board Search Committee conducted an extensive nationwide search that produced a strong field of diverse candidates and resulted in Ed’s selection,” Governor McAuliffe said. “CIT’s leadership is fundamental to my administration’s work to build a new Virginia economy that encourages and rewards innovation. I am very pleased that Ed will be leading the CIT and look forward to our continued advancement in global technology leadership.”
Ed Albrigo was previously the Chief Operating Officer for The Hilltop Companies, a consulting and advisory firm. Prior to his COO position, Albrigo was Senior Vice President at Freddie Mac and Executive Vice President and General Manager of the Corporation for Open Systems.
“I am thrilled to serve as CIT’s Chief Executive. CIT’s national recognition in seed stage funding, translational research investment, company formation and technology assimilation provides an excellent foundation for CIT’s expansion. I intend to focus on significant growth and opportunity for CIT and the Commonwealth,” said Albrigo.
Karen Jackson, Secretary of Technology and a CIT Search Committee member said, “ The CIT Search Committee retained executive search firm Korn Ferry and was focused on identifying the best candidates and ensuring that the selection process was based on merit and leadership experience. Ed’s selection resulted from a well-executed search process, and I am very pleased to have the opportunity to work with him.”
“In selecting Ed, the CIT Board has reinforced its commitment to CIT’s mission and growth,” said David Lucien, CIT Chairman.
Mr. Albrigo will start his position on November 2, 2015, and will succeed Peter Jobse, the current CEO, who announced his intention to return to the private sector at the end of 2015.