Board

With over 40 years of experience, Rick has been a prominent business leader and CEO, primarily in the international mining sector. He has also held senior non-executive board roles across the finance, engineering, and development sectors. In recent years, his focus has been on Sub-Saharan Africa, though he has also lived and worked in the UK/Europe, North America, and Australasia.

Rick currently serves as Chairman of Perseus Mining in Australia and as a senior non-executive director of Sibanye Stillwater in South Africa. He recently retired as Deputy Chair of Gold Fields and as Senior Independent Director at the Weir Group (UK). From 1991 to 2009, Rick played a key role in the modernization and restructuring of the Anglovaal Group—one of South Africa’s major mining conglomerates—serving as CEO, Executive Chair, and later Deputy Chair following its merger to form African Rainbow Minerals. Between 2010 and 2023, he was Senior Advisor to the Credit Suisse Group, focusing on African and international mining activities.

Rick has also contributed to high-level business groups involved in public-private partnerships across Southern Africa. Most recently, he worked through Business for SA (B4SA) to help restore secure electricity supply and transport services in the region.

He holds an undergraduate degree in Natural Sciences (Geology) from Trinity College, Cambridge (1977), and an MSc from Stanford University (USA, 1982).

Richard Charlton is Head of Infrastructure Equity for Africa and Pakistan at British International Investment (BII) (formerly CDC Group plc). He has more than fifteen years’experience in infrastructure in emerging markets, the last ten of which have been at BII; prior to this, he worked for PwC in the infrastructure and banking sectors.

Richard sits on a number of other boards and investment committees of BII investees in the power and ports sectors. Richard has lived and worked in the UK, Kenya, Malawi and India, holds an ACA from the ICAEW and Masters degrees from Cambridge and Oxford Universities

Paul has more than 30 years of experience in power industries across the world. Prior to his appointment on the Globeleq Board, he served for nearly two years as Globeleq’s CEO. Before that, he founded and subsequently sold American Capital Energy & Infrastructure, a private equity group focused on global investments in energy infrastructure investments.

From 2002-2011, Paul served as the CEO of The AES Corporation, a 30,000-person global power company with assets in 30 countries.

Paul is a graduate of the United States Naval Academy and holds an MBA from Harvard Business School.

Prior to beginning his business career, he served as a line officer on a fast-attack nuclear submarine in the US Navy.

Paul currently sits on the boards of two publicly traded companies: Ingredion, Inc. (NYSE: INGR) and AquaVenture Holdings, Ltd. (NYSE: WAAS).

Gunnar G. Løvås holds a Ph.D in mathematics and has more than 30 years of experience in the electricity industry in Norway. He is Executive VP in Statnett, the Norwegian Power Grid company, and is responsible for markets and power system development. Prior to that role, he was responsible for grid development, system operations, project development and investments, strategy and communication. He also led the construction of 2 x 150 MW gas-fired reserve power plants in Norway.

From 2014-2016, Gunnar was Deputy Director General in the Norwegian Railway Directorate, planning and executing large railway construction projects. In 2015-2019, Gunnar was a Board member of Glitre Energi (now part of Å Energi), one of the top energy companies in Norway, which held 2.5 TWh generation, grid, power sales, district heating and telecommunications. Since 2019 Gunnar is the Chair of the Board of Elhub, the datahub for electricity settlement data in Norway. Gunnar joined the Globeleq Board in August 2024.

Diane Radley joined the Globeleq Board in July 2022. Previously she was a Partner at PricewaterhouseCoopers in South Africa where she led the Transaction Services Group, advising on local and international listings and corporate transactions.

In 2001 she joined Allied Electronics Corporation Ltd. as their Chief Financial Officer, serving as a non-executive director at Altech, BTG, and later Omnia, and WIPhold.

In 2010, after a three-year term as Old Mutual South Africa’s Group Finance Director, she took over the reins at Old Mutual Investment Group as CEO until the end of 2016 responsible for the management oversight of all asset classes including infrastructure.

She currently serves on various global boards as a non-executive director.

Jonathan was appointed as Globeleq’s CEO in March 2025.  Originally joining Globeleq in 2010, and appointed Chief Development Officer (CDO) in 2020, he has been responsible for the origination and management of investments and leading the growth of the business by ensuring its strategy results in successful outcomes.

Jonathan sourced and led Globeleq’s efforts to enter the renewable sector in South Africa its first 240MWs of wind and solar PV projects in the country. He also led the step up to a majority equity stake in Azito and has driven the business development across Southern Africa, where he has helped Globeleq advance its position in South Africa, Mozambique and Zambia.

During his leadership, he has helped to secure the 450MW Temane gas project in Mozambique, the Cuamba solar BESS project, the first solar and battery energy storage project in Mozambique, and secured Africa’s largest standalone BESS project to go into construction in the Northern Cape of South Africa. Jonathan serves on Globeleq’s Board, Executive Committee and Investment Committee.

Having previously worked for ABB Energy Ventures, Bear Stearns and InfraCo (of which he was a cofounder), Jonathan has more than 20 years of experience in the power, and other infrastructure sectors, working extensively across Africa, South-East Asia, India, Europe and parts of the Americas.

Damien Berlioz is an Investment Director at Norfund with over 18 years’ experience in banking, finance, and renewable energy across emerging markets. He previously worked in debt and equity capital markets at Commonwealth Bank of Australia and in M&A at SN Power. Damien is a CFA Charterholder and an INSEAD alumnus (International Directors Programme), and holds degrees in Commerce (Accounting) and Applied Finance from Macquarie University, Australia. ​