Bethesda, Md., USA - November 24, 2015, Bethesda, Md., USA - TerraForm Power, Inc., an owner and operator of clean energy power plants, announced a series of changes to its senior management team and board of directors.
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Brian Wuebbels has been named president and chief executive officer and Rebecca Cranna has been named chief financial officer.
Mr. Wuebbels currently serves as executive vice president and chief financial officer of SunEdison, Inc. and will continue in that capacity. He has served as chief financial officer of SunEdison since 2012 and prior to that, held various management roles with the company since 2007.
Before joining SunEdison, he served in various senior finance and operating roles at Honeywell and General Electric Company.
Ms. Cranna most recently served as senior vice president and chief financial officer, Global Asset Management for SunEdison which she joined in 2014. Previously, she was chief financial officer at Silver Ridge Power from 2010 until 2014.
Prior to that, she served as a vice president of AES Corporation from 2006 to 2009. From 1992 through 2006, she served at AES in various positions of increasing responsibility.
They will succeed Carlos Domenech and Alejandro Hernandez, respectively, who are departing TerraForm Power. Mr. Domenech will no longer serve on the company’s board.
In addition, the company announced changes to its board of directors.
Peter Blackmore and Jack Jenkins-Stark were appointed by SunEdison and Christopher Compton was elected as additional board members.
Mr. Blackmore brings strong leadership expertise, including significant public company experience, and a proven track record of driving performance. He recently served on the SunEdison board of directors from 2006 until his resignation on November 20, 2015. In addition, he served as president and chief executive officer of ShoreTel, Inc. from 2010 until his retirement in 2013.
Prior to that, Mr. Blackmore served as president and chief executive officer of UTStarcom, Inc. from 2008 until 2010. Between 2005 and 2007, Mr. Blackmore served as executive vice president of Unisys Corporation and from 1991 until 2004, Mr. Blackmore served in various roles at Compaq Computer Corporation, and Hewlett-Packard Company, most recently as executive vice president of the Customer Solutions Group at HP, and as executive vice president of the Enterprise Systems Group at HP.
Mr. Blackmore will succeed Ahmad Chatila as chairman of the board. He will also serve as chairman of the company’s corporate governance and conflicts committee.
Mr. Jenkins-Stark brings significant financial expertise and experience obtained from his prior service as the chief financial officer for multiple public and private companies, as well as a long history of work in the energy industry.
Mr. Jenkins-Stark currently is the chief financial officer of Imergy Power Systems and has served in such capacity since December 2013. From May 2007 to November 2013, Mr. Jenkins-Stark served as chief financial officer of BrightSource Energy and from April 2004 to May 2007 served as chief financial officer of SVB Financial Group.
Prior to his employment in such roles, Mr. Jenkins-Stark served in a variety of senior management capacities for public and private energy companies, including serving in a number of financial positions for PG&E Corp. for over twenty years.
Mr. Compton adds an accomplished international banking, capital markets and corporate finance background to our board and possesses extensive financial experience from his tenure with a large public company.
Mr. Compton served in various senior finance positions with Chiquita Brand International, Inc. from 1987 to 2012 after which he retired. Following his retirement, Mr. Compton has worked as an independent consultant. ■