CIT appoints Ed Albrigo as president and CEO

Ed Albrigo takes on the role of president and chief executive of the Center for Innovative Technology as his predecessor returns to the private sector.

The Center for Innovative Technology (CIT), a US-based government-backed organisation that supports startups with commercialisation seed funding, has appointed Ed Albrigo as its president and chief executive.

The appointment was announced by Terry McAuliffe, governor of Virginia. The CIT was created in 1985 and is backed by the Commonwealth of Virginia.

Prior to his appointment Albrigo was the chief operating officer for Hilltop Companies, a regulatory consulting and accounting services firm. He succeeded Peter Jobse, who has returned to the private sector.

McAuliffe said: “The CIT board search committee conducted an extensive nationwide search that produced a strong field of diverse candidates and resulted in Ed’s selection. 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.”

Albrigo said: “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.”

– Image courtesy of LinkedIn

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