Infrastructure and Energy Alternatives Inc (IEAWW) stock was surprisingly up 26.95% to 1.79 in the after-hours trading on Friday even with no major update.
However, on November 23, 2020, a significant infrastructure construction firm with proficiency in renewable energy and specialty civil projects revealed the appointment of a new board member, Laurene Bielski Mahon.
With the appointment of Ms. Mahon, the Board of Directors of IEA increases to nine members. Ms. Mahon has been designated a Class III director and meets the Nasdaq independence standards. At IEA, Ms. Mahon will serve as an independent director on the Audit Committee.
Before entering CIBC in 2013, Ms. Mahon was the prominent specialist in McKinsey & Company’s infrastructure practice. For 11 years, she also managed her independent consultancy. She worked in many executive positions, like Managing Director, North America for Chase Shares, Inc., J.P. Morgan Securities, where she controlled all of North America’s project finance lending, underwriting, and advisory practice of the firm.
As a transportation planner for the Port Authority of New York and New Jersey, Ms. Mahon started her infrastructure career. Before working in various executive positions at New Jersey Transit, including as Deputy Chief Financial Officer, she has spent several years as a journalist for The Boston Globe and The Bergen Record. Ms. Mahon earned a BS in Journalism, summa cum laude, from the University of Boston and a Master’s of Urban Planning from the Graduate School of Architecture at Harvard University. She also serves on the Board of Directors of a not-for-profit public relations organization, Public Media NJ, Inc.