Keith Nellesen

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Keith Nellesen
Born
Idaho Falls, Idaho, US
Alma materBrigham Young University
OccupationCEO of NUVI
Years active2011–present
Spouse(s)Melisa
Children3

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, served as CEO from May 2014 to October 2015 and again resumed the CEO position from Cameron Jensen in late 2016.[3] Nellesen also previously served as 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.[6] 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.[8]

References[]

  1. ^ "Blackstone Announces Closing of Vivint Transaction" (Press release). New York, New York: The Blackstone Group. November 19, 2012. Archived from the original on February 14, 2014. Retrieved 2014-02-28.
  2. ^ "NUVI Names Vivint Co-Founder and Former President Keith Nellesen as Chief Executive Officer". www.businesswire.com. 2014-05-20. Retrieved 2020-08-27.
  3. ^ "NUVI Chairman Resumes Role of CEO, as Current CEO Moves to New Pursuits". Businesswire.com. Retrieved 14 November 2017.
  4. ^ "MoneyReef Launches, Bootstrapped with $650K - PE Hub". Pehub.com. 10 January 2012. Retrieved 14 November 2017.
  5. ^ "Simple & Affordable Home Solar Power Solutions - Vivint Solar". www.vivintsolar.com.
  6. ^ a b "UVU Press Releases " Blog Archive " UVU breaks ground on privately funded NUVI Basketball Center". Blogs.uvu.edu. Retrieved 14 November 2017.
  7. ^ "Brigham Young University - Idaho". Byui.edu. Retrieved 14 November 2017.
  8. ^ a b "Doctor's office at work?". KSL.com. Retrieved 14 November 2017.
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