Clean Energy Finance Corporation (CEFC) has appointed Ian Learmonth as its new chief executive officer, to replace outgoing CEO Oliver Yates.
Learmonth currently leads the Impact Investing team at Social Ventures Australia, which has a strong cross over with CEFC investment activities, particularly in the areas of energy efficient affordable housing and the built environment. He has also served as an independent member of the CEFC Executive Investment Committee for the past nine months.
CEFC Chair Jillian Broadbent AO said: “The board of the CEFC is delighted to welcome Ian as the new CEO. His diverse experience, demonstrated leadership and strategic thinking will serve the CEFC well in the next phase of our activities as we continue to deliver on our mission to catalyze new investment into the clean energy sector.
“This is an important time in the evolution of Australia’s energy markets and indeed the CEFC. Clean energy is available at increasing scale and price competitiveness and significant new investment is required if we are to achieve the goal of a secure, affordable and sustainable energy system.
Learmonth said: “I look forward to leading the CEFC to fulfill its role in increasing the flows of finance into the clean energy sector and contributing to efforts to meet Australia’s targeted reductions in CO2 emissions.”
Learmonth will join the CEFC on May 15, 2017.