#b#New CEO at NRG Yield#/b#
NRG Yield, a spinoff company of NRG, has named Christopher Sotos as CEO. Sotos has been on the board of NRG Yield since it split from its parent company in 2013. The “yieldco” was the first of its kind and served as a model for other power conglomerates to split off completed, productive power plants into yieldcos while keeping new plant construction in the main company.
“With Chris’ extensive expertise in the financial and energy markets, there is no better candidate to lead NRG Yield,’ said Mauricio Gutierrez, NRG Yield’s interim president and CEO. “The board of directors is confident in Chris’ ability to seamlessly transition into this role and strategically evaluate opportunities across the landscape. We look forward to his immediate contribution to the company.”
Sotos joined NRG Energy in 2004 as a senior analyst and was later head of strategy and mergers & acquisitions there.
NRG Yield (NYLD), 211 Carnegie Center, Princeton 08540. 609-524-4500. Christopher Sotos, CEO. www.nrgyield.com.
Systech International, 2540 Route 130, Cranbury Campus, Suite 128, Cranbury 08512. 609-395-8400. Robert M. DeJean, president and CEO. www.systech-tips.com.
Omega Design Corporation, an Exton, Pennsylvania-based provider of packaging machinery, serialization, and bottle unscrambling technology, has joined Systech International as a partner-in-residence. Systech is a maker of packaging for pharmaceutical companies.
Systech said in a press release that the companies have been working together on projects like Systech’s UniSolve Partner Ecosystem. Omega’s equipment will be housed in Systech’s training and demonstration facility at its U.S. headquarters on Route 130.
#b#New in Town#/b#
CellOxess, 15 Roszel Road, Princeton 08540. 609-818-9100. Todd West, director, business development. www.celloxess.com.
Celloxess, a company that makes nutritional supplements related to fertility, has opened on Roszel Road. Celloxess sells Fertilix, an antioxidant supplement that the company claims can improve male fertility and sperm health. It is also researching an antioxidant-based fertility treatment for women, another for horses, and a sperm chromatin structure assay to assess sperm damage.
Celloxess says on its website that its products are based on research showing that oxidative stress can reduce fertility, and oral antioxidants, such as the ingredients in Fertilix, can reduce oxidative stress in sperm cells. The company said it was launching a clinical trial of Fertilix beginning in 2015 but had not yet completed it.
Medrona, 101 College Road East, Second Floor, Princeton. 844-633-7662.
Medrona, a medical billing company, has opened on College Road East. Medrona provides coding and auditing services as well.
African-American Chamber of Commerce of New Jersey, 379 West State Street, Trenton 08618. 609-571-1620. John E. Harmon, CEO. www.aaccnj.com.
The African American Chamber of Commerce has moved to a new home in Trenton just down the street from its old location next to the State House, where it had been for five years.
Atlas Systems Inc., 101 Poor Farm Road, Unit B, Princeton 08540. 609-452-0101. Dana Sciavone, www.atlassystems.com.
Atlas Systems, a software consulting company, has moved from Independence Way to Poor Farm Road. Its contact information is the same.
Clinpharma Consulting Global Group LLC, 103 Carnegie Center, Suite 211, Princeton 08540. 609-799-0601. Michael Xie, vice president. www.clinpharmaconsulting.com.
Clinpharma Consulting, a clinical research firm, has moved office suites in Carnegie Center.
Jamison Eaton & Wood Inc., 5 Vaughn Drive, Suite 108, Princeton 08540. 609-945-1400. Ernest Cruikshank III, executive vice president and chief investment officer. www.jamisonfirst.com.
The local office of Jamison Eaton & Wood, a Bedminster-based investment management firm, has moved from Alexander Road to Vaughn Drive.
NTT Data (NTT), 4 Research Way, Princeton 08540. 609-275-8998. John W. McCain, CEO. americas.nttdata.com.
NTT Data, a global IT consulting company, has moved its office from Washington Road to Research Way.
Roche Financial Partners, 313-314 Commons Way, Princeton 08540. 609-575-6762. Robert Gregov CFA CFP, president. www.rochepartners.com.
Roche Financial Partners, a financial planning firm, has changed suites on Commons Way.
University League Nursery School, 457 Nassau Street, Princeton 08540. Cindy Schenthal, director. www.ulns.org.
University League Nursery School has moved from Broadmead Street to the Jewish Center on Nassau Street.
The nonprofit, non-sectarian cooperative preschool operates in tandem with the Princeton public school calendar. The school said in a press release it was now accepting applications for the fall semester.