Connecticut Innovations Inc. made Peter Longo its president and executive director on a permanent basis, months after he assumed acting leadership of the state-funded agency whose corner offices have had a revolving door of late.
Based in Rocky Hill, Connecticut Innovations makes equity investments in private companies; in September it provided $4 million for Cara Therapeutics Inc. to improve its new headquarters in Shelton, having recently relocated from Tarrytown, N.Y.
Earlier this year, Wilton financier Frank Dinucci resigned as executive director of Connecticut Innovations, months after taking the job.
In August, the organization named heating-oil entrepreneur Ned Bowman as chairman, replacing Elaine Pullen, who formerly was chief technology officer of Gerber Scientific Inc.
A resident of Terryville north of Waterbury, Longo has been with Connecticut Innovations since 1995 and became chief investment officer in February 2006.
Separately, Connecticut Innovations was recognized earlier this month for excellence in technology-based economic development by the Ohio-based State Science and Technology Institute.
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