Globeleq Board appoints new CEO
LONDON, 14 August, 2017: Globeleq’s Chairman, Dr Reuel Khoza announced on behalf of the Board of Directors that Paul Hanrahan has been appointed as the new Chief Executive Officer, effective 18 September, 2017.
Paul brings a wealth of experience coupled with a passion for power sector development in Africa. He has a long history with AES Corp, serving as Chief Executive from 2002-2011 and more recently, co-founder and CEO of American Capital Energy & Infrastructure (ACEI), a private equity firm and global asset manager.
“We are very pleased to have Paul lead the company in our mission to Powering Africa’s growth. His global experience and successful track record in the power sector provide him with a unique understanding of our business. The Board is confident that he will lead Globeleq to execute the company’s strategies and improve the lives of many people by building more capacity on the continent,” commented Dr Khoza.
Paul added: “Globeleq’s reputation and experience as an independent power producer in Africa positions the company well for further growth. I am delighted to take on this new role and look forward to working with the team, leaders and other stakeholders to continue Globeleq’s success in meeting Africa’s critical electricity requirements.”