Keith Nellesen Explained

Keith Nellesen
Birth Place:Idaho Falls, Idaho, US
Alma Mater:Brigham Young University
Occupation:CEO of NUVI
Years Active:2011–present
Spouse:Melisa
Children:3

Keith Nellesen (born 1967) is an American entrepreneur and the co-founder of Vivint, Inc., a home automation, security and solar energy company. Vivint, Inc. was acquired in late 2012 for $2.2 Billion by the Blackstone Group.[1] Following the sale of Vivint Nellesen invested in NUVI where he subsequently assumed the role of CEO from founder David Oldham.[2] Nellesen, was CEO from May 2014 to October 2015 and again resumed the CEO position from Cameron Jensen in late 2016.[3] Nellesen was previously chairman and CEO at MoneyReef.[4]

Biography

Keith Nellesen grew up in Idaho Falls, Idaho, where he attended Idaho Falls High School. He later attended BYU, where he obtained a Masters of Accountancy in 1992. Following BYU, he was contacted by his old High School friend Todd Pedersen, and the two embarked on establishing the company now known as Vivint (formerly APX Alarm). Under Nellesen’s and Pedersen’s directorship, the firm branched into other venues such as Vivint Solar Energy.[5] After obtaining the buy-out of Vivint by Blackstone, Nellesen embarked on his current business venture, NUVI. Nellesen is the also a founding partner of McColee Partners, a venture capital investment firm specializing in early stage investments.

Keith Nellesen, along with his wife Melisa, contributed the initial donation for the Cole Nellesen Building at Utah Valley University (UVU). This will house the Melisa Nellesen Center for Autism at UVU[6] In June, 2016 Nellesen made a lead donation for UVU's 14,500-square-foot $3.5 million practice and conditioning facility to house its men’s and women’s basketball teams, to be known as the NUVI Basketball Center. He also has a special interest in the Book of Mormon and collects early editions.[7]

Innovations and awards

Company innovations include a First Class restaurant at the Vivint corporate headquarters in Provo where daily meals are provided to employees, a free medical clinic,[8] and various recreational outlets including a University-Class basketball court and a weight room.

Notes and References

  1. . Blackstone Announces Closing of Vivint Transaction. New York, New York. The Blackstone Group. November 19, 2012. 2014-02-28. https://web.archive.org/web/20140214101817/https://www.blackstone.com/news-views/press-releases/details/blackstone-announces-closing-of-vivint-transaction. February 14, 2014. dead.
  2. Web site: 2014-05-20. NUVI Names Vivint Co-Founder and Former President Keith Nellesen as Chief Executive Officer. 2020-08-27. www.businesswire.com. en.
  3. NUVI Chairman Resumes Role of CEO, as Current CEO Moves to New Pursuits. Businesswire.com. 27 October 2016 . 14 November 2017.
  4. Web site: MoneyReef Launches, Bootstrapped with $650K - PE Hub. 10 January 2012. Pehub.com. 14 November 2017.
  5. Web site: Simple & Affordable Home Solar Power Solutions - Vivint Solar. www.vivintsolar.com.
  6. Web site: UVU Press Releases " Blog Archive " UVU breaks ground on privately funded NUVI Basketball Center . Blogs.uvu.edu . 14 November 2017.
  7. Web site: Brigham Young University - Idaho. Byui.edu. 14 November 2017.
  8. Web site: Doctor's office at work? . KSL.com. 14 November 2017.