Henry Aszklar to step down as CEO

LONDON: 21 March 2017: Henry Aszklar has decided to step down as CEO of Globeleq for personal reasons, effective from 1 June 2017.

Under Henry’s leadership, Globeleq has increased the business development team and expanded the development pipeline of power projects in sub-Saharan Africa to now include more challenging parts of the continent. His team has also worked hard to unite its operating assets in one platform and maintain operational excellence across its many power plants.
The Board has begun the process of finding a new CEO and has already hired an executive search firm to assist.

Henry Aszklar said: “I joined Globeleq because of the opportunity to reposition the leading private power company in Africa and firmly believe the direction is clear in our journey towards Powering Africa’s Growth. The next phase is about execution of the plans we have established. I have decided to step down for family reasons and move back to the US to spend more time with my family. I believe this is the most appropriate time for Globeleq’s leadership to make this transition for the next phase of growth.

Dr. Reuel Khoza, Chairman of the Board, commented: “On behalf of the Board, I would like to thank Henry for guiding Globeleq to the solid position it’s in today. Under his leadership, the company has established its position as the leading independent power producer for Africa. Our mission is Powering Africa’s Growth and Henry has played an instrumental role in providing the framework to do this. We wish him well”.
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About Henry Aszklar

Henry Aszklar joined Globeleq as Chief Executive to reposition the company and has expanded its team and pipeline successfully. Henry has specialised in investments in power markets, including the development, acquisition and financing of independent power projects for more than 25 years.

About Globeleq

Globeleq is an experienced developer, owner and operator of independent power projects in Africa. Since it was founded in 2002, Globeleq has become a power industry leader on the continent. Our mission of Powering Africa’s Growth using our experience in implementing an array of generating technologies in different geographic locations, provides Globeleq with a unique perspective and strong foundation for developing new capacity.

The company has eight power plants located in Tanzania, South Africa, Côte d’Ivoire, Cameroon and Kenya with a total capacity of approximately 1,300 MW, and another 2,500 MW in development.

About Spencer Stuart

Globeleq has appointed the executive search and leadership advisory firm Spencer Stuart with this search. Contacts are Hugh Thorneycroft or Sebastiaan Stoové at Spencer Stuart, London, +44 207 298 3333.