RES announces CEO change

UK-based renewable energy company RES on Wednesday announced its chief executive Ivor Catto is stepping down after five years in the role.

Catto will pass the helm to Eduardo Medina, who joins RES from Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS), where he most recently served as president of Vestas North America.

RES said Catto is retiring from executive roles. During his tenure the company has more than doubled the portfolio of projects it has developed and/or constructed globally to 22 GW currently. RES now also provides asset management and operations and maintenance (O&M) services to over 7.5 GW of operational projects.

Medina will take up the CEO post from November 1 after a handover period.

“I aim to build on Ivor’s growth of the global business, with a particular focus on forging ahead with RES’ development activities and expanding our international Support Services offering as we support the growth strategies of our clients,” said Medina.

“There is a clear opportunity to consolidate our position as a leading Asset Manager and O&M provider, plus, capitalise on the significant market opportunities in our business geographies,” he added.

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