In a move that's capturing the attention of Hawaii's business community, Ulupono Initiative has announced a change in leadership. Murray Clay is leaving his role as president of the social investment firm, and Greg Gaug, a senior vice president, will be taking the helm as interim president. This transition comes at a pivotal time for Ulupono as it continues to focus on its mission of investing in local food production, renewable energy, and waste reduction projects across the islands.
Clay's departure marks the end of his tenure at a time when Hawaii is navigating complex challenges related to its sustainability goals and economic diversification. Ulupono has played a significant role in supporting initiatives aimed at fostering a more resilient and self-sufficient local economy. Under Clay's leadership, Ulupono has been involved in several key partnerships and investments, aligning with Hawaii's broader sustainability goals. His commitment has also been noted in the area of performance-based regulation (PBR) as a means to accelerate progress toward the state’s ambitious renewable energy goals, according to Ulupono Initiative's website.
Greg Gaug, the newly appointed interim president, brings a wealth of experience to the role. As Senior Vice President of Investments & Analytics, Gaug has been integral to Ulupono's strategic initiatives, managing investment efforts and contributing to the firm's overall direction. His background, including his MBA from INSEAD and previous experience at StubHub, positions him to lead Ulupono through this transition. Further details about his experience can be found on Ulupono Initiative's website.
This leadership change raises questions about the future strategic direction of Ulupono Initiative and its ongoing investments in Hawaii's key sectors. The firm's work has significant implications for local entrepreneurs, investors, and professionals involved in sustainable development and economic growth. Given the firm's focus on local food and renewable energy, this shift will be closely watched by those in the agriculture and energy sectors. It will also be important to understand how the new leadership will impact the company's partnerships with various community organizations and its impact on Hawaii's economic landscape.