Lightsource BP, a privately owned leading global renewable energy company, today announced the appointment of Mike Roney to the position of non-Executive Chairman.
Mr Roney will join the company’s Board effective tomorrow, 1st June. Lightsource BP’s board currently comprises three Lightsource executives and two from BP. This new Board was formed following BP’s investment commitment of $200m announced in December 2017.
Mr Roney brings extensive experience in executive management and corporate governance. He was very successful as Chief Executive of Bunzl Plc, a multinational FTSE 100 company, for more than 10 years and led the company during a time when the its market capitalisation more than tripled. Previously, he was CEO of a joint venture between Goodyear Tire and Sumitomo Rubber, based in Brussels, Belgium. In addition, he has broad and deep knowledge of corporate governance in public companies in both the UK and the USA, having served as both a non-Executive Chairman and a non-Executive board member.
Nick Boyle, Lightsource BP Group CEO, stated: “It’s a very exciting time for Lightsource BP, and we’re very much looking forward to Mike taking his place as non-Executive Chairman of our Board. His experience in international leadership, investments and finance make him perfectly placed to help steer the company through this period of rapid global expansion.”
Dev Sanyal, CEO, BP Alternative Energy, said: “Mike is a very experienced international businessman, with a proven track record leading FTSE 100 companies. He has diverse experience across important developing markets in South America and Asia, which are key growth areas for Lightsource BP, as well as Europe. His experience with governments and regulators make him an exceptional ambassador for the business.”
Mike Roney commented: “I am excited about joining Lightsource BP at this stage of their development. The future is bright for the group as it looks to grow through multiple opportunities in new markets.”