Comerica named Joe Ursuy to the new role of Executive Vice President, National Businesses for Energy, Renewables and Waste. He will report to Mike Ritchie, Executive Vice President, Head of National and Specialty Businesses.
Ursuy most recently served as Senior Vice President, Director of Environmental Services, leading the Environmental Services Department (ESD) that he was instrumental in establishing among Comerica's Commercial Bank divisions and industry services. In addition to continue managing Comerica's sizeable relationships in the recycling, renewable energy and waste industries, Ursuy will also oversee the Bank's existing oil and natural gas production and midstream line of business.
"Joe's expertise assisting renewable energy, recycling and refuse companies has been instrumental in allowing us to deepen our relationships in many sectors within those industries across all our markets," said Ritchie. "These businesses and the environments in which they operate are continuing to evolve, and Joe's leadership and extensive knowledge bolster our customers' ability to navigate through their challenges while helping them grow and succeed."
Over the past 16 years, Comerica's ESD has continued to develop its portfolio and industries it serves.
Earlier this year, Comerica expanded the Environmental Services Department with the introduction of the Renewable Energy Solutions Group, which is dedicated to growing and supporting Comerica's renewable energy business. The group's continued expansion into renewables and growth in green business comprise part of Comerica's commitment to sustainability, while helping communities protect and preserve the environment. As of June 30, 2022, Comerica had $2 billion in green loans and commitments, marking a 42 percent increase since June 30, 2021 and up over 9 percent from March 31, 2022.
A 24-year veteran in the financial services industry, Ursuy has been with Comerica since 1998. Prior to founding the Environmental Services Group in 2006, he has held a variety of positions in Comerica's Middle Market Banking Team.
Ursuy is a board member for the Environmental Research and Education Foundation based in Raleigh, NC, and he is a frequent guest speaker at industry events.
Other industry associations Ursuy cultivates Comerica's relationship with include the National Waste & Recycling Association, The Coalition for Renewable Natural Gas, and Detachable Container Association. He also leads Comerica's partnership with Waste Expo and hosts the annual Waste 360 Business Leadership Forum designed to assist companies seeking business and financial strategies that go beyond daily operations.
He obtained his Bachelor of Business Administration degree in economics from Northwood University and an MBA from the University of Detroit Mercy. Ursuy also completed training at the Center for Creative Leadership in Colorado Springs, CO.