Next Step Living® Announces CEO Transition

CFO Chris Catalano Appointed CEO as founding CEO Geoff Chapin focuses on Chairman of the Board Activities

09 Dec, 2015, 07:00 ET from Next Step Living

BOSTON, Dec. 9, 2015 /PRNewswire/ -- Next Step Living, the leading provider of whole home energy solutions in the Northeast, today announced that founding CEO Geoff Chapin is leaving his role as CEO to focus on his role as chairman of the company's board of directors. Chapin will continue to pursue financial partner alliances and evangelizing clean energy solutions. Chief Financial Officer Chris Catalano has been appointed by the board as the new CEO.

"Over the past seven years, Next Step Living has made an extraordinary impact on helping reduce carbon emissions. We've made our mark in the clean energy industry as proud awardees of the Global CleanTech 100 two years running, and in lowering the carbon footprints of thousands of homeowners," said Chapin. "I'm looking forward to spending more time spreading the word on how our approach – residential carbon reduction – is good for the climate, good for consumers, and good for the jobs of  people who make, sell, and help install carbon saving measures."

Next Step Living's board chose Catalano to be the successor, Chapin said, "Because he has the right combination of experience in overseeing the rapid national expansion of consumer focusing businesses, and in developing new products and services that leverage technology advancements available today.  He has also shown his passion for work that goes beyond just products, having spearheaded substantial expansion at the mission-driven School of Rock."

Rob Day, a partner in Black Coral Capital, and an investor and board member, said, "Geoff Chapin has done a superb job establishing a new market service, that of looking at a home holistically in terms of energy consumption. His groundwork and passion for cleantech has positioned Next Step Living as a proven leader in residential clean energy. As we go through this transition, the board is confident Chris Catalano will lead the company to the next level of growth. With his track record and experience in scaling businesses, Chris has the acumen to help us move smoothly into new market sectors and services."

One of Catalano's key objectives will be to lead the company in the development and marketing of new technologies to expand its residential service portfolio. "There are huge opportunities to improve the efficiency and ease in which homeowners can understand, manage and upgrade their homes," said Catalano, "and we're looking forward to bringing new technologies to market that empower our customers to effortlessly make high quality, efficient and affordable upgrades to their homes."

Catalano joined Next Step Living® in October 2014 after holding executive roles and director seats at several household names, including Redbox, McDonald's Ventures and GE Capital. Most recently, he served as Chairman and CEO of School of Rock where he tripled the size of the business while redefining and modernizing the brand and operations. At Next Step Living, he has overseen the company's finance and accounting functions and is a leading force in strategically positioning the company for success.

Catalano pushes the boundaries of traditional business; much of his career has been focused on innovating business models that disrupt markets. One such venture included his work at McDonald's Ventures where, among other things, he served as Chairman of Redbox on their journey to redefine the DVD rental business and the scaling of locations from 1 to over 12,000. The McDonald's Ventures portfolio also included brands such as Chipotle, Pret A Manger and Boston Market.

About Next Step Living
One of the fastest-growing companies in the country, Next Step Living is a leading provider of energy solutions in the Northeast. With its cornerstone top-to-bottom home energy assessment to identify ways to save money and energy, Next Step Living and its expanding portfolio of energy-saving solutions makes it easy to take immediate action towards living more sustainably, affordably and comfortably. Headquartered in Boston's Innovation District, the Next Step Living team is at the forefront of a more sustainable future. Please visit NextStepLiving.com for more information.  

CONTACT:
Jean Sexton
Spiralgroup
JeanS@Spiralgroup.com
+1.415.347.1431

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SOURCE Next Step Living



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