Eric Martin Satz Nashville venture capitalist Eric Martin Satz has been confimed by the U.S. Senate to serve for the next three years on the board of the Tennessee Valley Authority.
Satz, managing director of the Tennessee Community Ventures Fund, was unanimously supported tonight by the U.S. Senate to serve as one of the nine part-time directors for the TVA.
"Eric Satz is an impressive individual," U.S. Sen. Lamar ALexander, R-Tenn., said tonight. "I look forward to future discussions with him on how TVA can provide the large amount of low-cost, reliable, clean electricity that is crucial to creating new jobs in the Tennessee Valley."
Although Satz has no previous experience in the electric utility industry, has has worked on more than $5 billion of mergers, sales and restructuring deals through his career.
After graduating from Amherst College in 1991, Satz began his career as a financial analyst with DLJ before moving to UBS's restructuring and workout group.
Prior to starting TNCV, Satz conceived and co-founded Currenex, a leading online global currency exchange. He started the exchange in 1999 and sold it to State Street in 2007 with a return more than 10 times the initial capital investment.
In 2003, he co-founded Plumgood Food, an online grocery and home delivery business in Nashville.