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.
Recommended Reading
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
ConocoPhillips EVP of Strategy, Sustainability, Technology Macklon to Retire
2024-02-16 - Dominic Macklon, who began his career with Conoco in 1991, is set to retire ConocoPhillips May 1.
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
2024-04-03 - Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
GE Vernova Completes Spin-Off from GE
2024-04-04 - GE Vernova, an energy transition company, began trading as an independent company on the New York Stock Exchange this week.