Greenbacker Renewable Energy Company LLC announced a new slate of executives, including the appointment of Christopher Smith as CFO, effective Feb. 1.
Greenbacker, an independent power producer and renewable energy asset manager, also named Daniel De Boer as head of infrastructure and Carl Weatherley-White as head of capital markets. The newly created roles “underscore Greenbacker's expanding strategy, capability and commitment to investing in the energy transition,” the company said in a press release.
“Chris, Dan and Carl have joined the Greenbacker leadership team during a period of not only expansion for the company but also one of transformation, as Greenbacker enters a new growth phase,” said Charles Wheeler, Greenbacker’s CEO.
Smith brings more than 20 years of accounting and finance experience within the energy sector to Greenbacker. Over the course of his career, Smith served as partner and CFO at SER Capital Partners, a private equity firm focusing on sustainability. Smith also led Sunnova Energy through its IPO in 2019. He succeeds Spencer Mash, who co-founded Greenbacker in 2011. Mash will remain with Greenbacker as an executive vice president reporting to the CEO.
De Boer will oversee Greenbacker’s infrastructure investment team, managing the company’s sustainable infrastructure project investments and optimizing the company’s current project fleet.
Weatherley-White will manage the financing of Greenbacker’s project portfolio. He will oversee tax equity and project financing for the company’s pre-operational asset fleet and will also pursue opportunities to optimize the company’s existing capital structure within the rapidly evolving infrastructure capital markets.
“With their experience at some of the world’s leading investment and renewables firms, this high-caliber trio will help our team lay the foundation for future growth, bolstering Greenbacker’s abilities to identify opportunities to put investor capital to work across the energy transition asset classes,” Wheeler said.
Greenbacker Capital Management, Greenbacker’s investment management business segment, recently hired David Zackowitz as head of real estate investments, to lead its newest sustainability driven investment strategy. The firm is focused on acquiring commercial and residential property. Greenbacker’s latest quarterly results show the two entities’ assets under management surpassed $3.6 billion. The company’s operational project capacity topped 1,500 megawatts.
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