Irvine, Calif.-based Composite Technology Corp. (CTC), a developer and manufacturer of electrical transmission and renewable energy products, has appointed Michael K. Lee to the company's board of directors. Lee has no prior relationship with CTC or its directors and employees; therefore, his appointment meets the criteria to serve as an independent director. The board is now comprised of a majority of independent directors, with three independent directors serving a five-member board.
‘Mr. Lee brings solid, practical experience in the finance and growth of technology companies as they transition into major commercial successes,’ says Benton Wilcoxon, chairman and CEO of CTC. ‘We are pleased with this appointment and are confident that he will be of assistance as we further develop and implement plans to expand our businesses.’
Lee is the co-founder and managing director of Dominion Ventures Inc., a private equity firm specializing in early-stage companies. His investment focus has been in financial services, information/business services and clean technology.
SOURCE: Composite Technology Corp.