Escondido, CA—May 6, 2010—enXco, an EDF Energies Nouvelles Company (PARIS: EEN) is pleased to welcome Deborah Gronvold in the position of Executive Vice President for Implementation and Generation and the promotion of Paul Kaufman to Executive Vice President for Transactions.
Ms. Gronvold brings to enXco more than 23 years of substantial experience in the energy sector including eight years in investment banking. Deborah's most recent experience was in the role of Vice President and Treasurer with Iberdrola Renewables in Portland, Oregon where she was responsible for treasury functions and corporate finance activities, including relationship management for ratings agencies, banking and investment banking organizations. Most recently she played a key leadership role in Wind Portfolio Transaction financings. In addition, she has experience working with Sithe Energies, Inc., and Edison Mission Energy, in both the Corporate and the Americas Divisions.
Ms. Gronvold received her Bachelor's of Business Administration from the University of Wisconsin and a Masters of Business Administration in Finance from New York University, Stern School of Business.
The Implementation and Generation group is responsible for the financing, construction, management and optimization of enXco's renewable energy assets.
Paul Kaufman joined enXco in July 2008 as Vice President and General Counsel serving in the Senior Management group since that time. Under his leadership, enXco's legal and risk management group has provided the company with legal expertise on financing, mergers and acquisitions, project development, commercial transactions including off-take agreements, regulatory and corporate matters. He now steps into the newly created role of Executive Vice President for Transactions bringing 25 years of experience in the energy business to our Power Marketing Group, Wind Business Unit, and Solar Business Unit. The Transactions Group will focus on bringing wind and solar projects from development to construction, financing and ownership.
"The addition of Deborah, and promotion of Paul affirms the company's commitment to future growth, while preserving our core values and mission to take innovative ideas and turn them into a sustainable business," stated Tristan Grimbert, President & CEO of enXco. "Both individuals are exceptional professionals with a tremendous amount of experience to lead enXco into the future. These new positions, and the groups they lead, work in collaboration with our Development Origination Group and Operations & Maintenance Group to add value to all our stakeholders."
About enXco, an EDF EN Company enXco (www.enxco.com) - an EDF Energies Nouvelles Company (www.edf-energies-nouvelles.com), develops, constructs, operates and manages renewable energy projects throughout North America. For more than two decades, they have been a leader in wind-energy focusing on large-scale wind projects. enXco's portfolio includes solar and biomass technologies, in an effort to help drive the transition to a sustainable energy economy. enXco has grown to be a significant owner and developer of wind-energy installations and is the largest third-party operations and maintenance provider for wind farms in North America.
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