02Governance

CEFC ANNUAL REPORT / 2015–16
The CEFC Executive includes the CEO and a leadership team of six Executives. The CEFC Executive is drawn from various industries and market sectors, bringing a range of skills and private sector experience necessary for the CEFC to pursue its objectives.

Mr Kevin Holmes

Chief Governance and Strategy Officer

Mr Holmes is responsible for a range of critical business functions, including strategic development, governance, performance management, marketing and communications, investment research and risk management. Mr Holmes also chairs the Executive Investment Committee and the Executive Risk Committee and is a member of the Asset Management Committee.

Mr Holmes was previously chief financial officer at EnergyAustralia (formerly TRUenergy), where he played a key role in the growth and transformation of the business into one of Australia’s largest energy retailers and electricity generators.

Prior to that, Mr Holmes was chief operating officer and chief financial officer at Pacific Hydro, where he helped establish a world leading renewable energy company through a global growth strategy, including major greenfield projects in Australia, Chile, Brazil, the Philippines and Fiji.

Mr Holmes had a long international career with British Gas in the United Kingdom and then with BHP Billiton, holding various senior positions overseas before moving to Australia.

Mr Holmes is a Chartered Accountant, a Commerce Graduate of Otago University in New Zealand, a member of Chartered Accountants Australia and New Zealand and a Graduate Member of the Australian Institute of Company Directors.

Mr Michael Johnston

Chief Investment Risk Officer (Acting)

Mr Johnston is responsible for the credit analysis and risk assessment of all new investment opportunities under consideration by the CEFC, and for the management and reporting of the credit and investment risks within the existing investment portfolio. His role includes making recommendations to the Board regarding investment proposals and actively assisting the Executive in developing the overall strategic direction and mix of the investment portfolio.

Mr Johnston has more than 30 years’ experience working in the Australian banking industry for both Australian and international banks. He has led a number of origination teams (primarily in the leveraged and acquisition space) and has participated in the debt financings for a number of MBOs/LBOs.

Prior to joining the CEFC, Mr Johnston was head of credit at Lloyds International (previously BOSI International). Mr Johnston holds a Bachelor of Economics from Macquarie University and a Graduate Diploma from the Securities Institute of Australia.

Mr Paul McCartney

Chief Originations and Transactions Officer (Joint)

As joint Chief Originations and Transactions Officer, Mr McCartney is responsible for the origination and contractual documentation of new investments for the CEFC.

Mr McCartney has more than 25 years’ experience working across clean energy, commercial property, funds management and IT services and has led a number of the CEFC’s transactions across bioenergy, clean energy and energy efficiency. Mr McCartney’s experience includes M&A, in addition to CFO roles for listed and unlisted companies working across startup businesses and established market leaders such as NAB and GWA International.

Mr McCartney joined the CEFC in 2013, having previously worked at Low Carbon Australia. Mr McCartney is a Certified Practising Accountant and holds a Bachelor of Accountancy from RMIT University.

Mr Andrew Powell

Chief Financial Officer

Mr Powell has more than 25 years’ experience working within industry and public accounting both in Australia and the United States. Mr Powell is experienced in all aspects of financial accounting, as well as mergers and acquisitions, public listings and transaction and deal structuring.

Mr Powell was previously the chief financial officer and company secretary of Low Carbon Australia Limited, a public company established by the Australian Government in 2010. In addition to having oversight of the finance, IT, HR and legal roles as CFO, Mr Powell worked with the deal teams on structuring and reviewing transactions. He also actively supported the CEO in providing strategic direction, articulating a compelling vision and building the company’s profile with the general public and business community.

Prior to that, Mr Powell was senior vice president of finance for Symyx Technologies, Inc. a NASDAQ-listed company, for a period of eight years in California. He also worked with Ernst & Young in both Australia and the United States for a combined period of nine years.

Mr Powell is a Chartered Accountant and holds a Bachelor of Economics from Macquarie University.

Mr Ludovic Theau

Chief Originations and Transactions Officer (Joint)

As joint Chief Origination and Transactions Officer, Mr Theau is responsible for the origination and execution of new investments for the CEFC.

Mr Theau has led the successful financing of a number of the CEFC’s innovative renewable energy and energy efficiency projects, helping to develop the CEFC’s growing investment portfolio.

Mr Theau has more than 25 years experience in large transactions in the infrastructure, utilities and PPP sectors, including a wide range of renewable energy and energy efficiency projects. Prior to the CEFC, Mr Theau worked in Europe and Australia in financial advisory, funds management, asset management, commercial and investment banking, with Hastings Funds Management, Westpac, ABN AMRO, Macquarie Bank, UBS and BNP Paribas.

Mr Theau holds a Master of Engineering from Ecole Centrale de Paris, France.

Ms Nancy Peterson

General Counsel and Corporate Secretary

Ms Peterson is an experienced solicitor with over 20 years’ experience in the legal field. As General Counsel, Ms Peterson heads the CEFC’s legal team, which provides proactive support to the investment and portfolio management teams and more generally provides advice on corporate legal matters to the CEFC. She also provides support to the Board as Corporate Secretary.

Ms Peterson has an extensive transactional legal background, with experience in Australia, Europe and the United States. Prior to the CEFC she worked as lawyer with GE Capital in Australia and Europe, with her most recent position being Deputy General Counsel with GE Capital in Sydney.

Before moving in-house, Ms Peterson worked in private practice in the US and Australia. Ms Peterson was an attorney with a Pacific Northwest (USA) regional firm and then worked for Minter Ellison Lawyers in Sydney. In these roles she acted for both financiers and borrowers in a wide ranging number of real estate and project finance, acquisition finance and corporate finance matters.

Ms Peterson holds a law degree (JD, magna cum laude) from Northwestern School of Law of Lewis & Clark College in Portland, Oregon, and a Bachelor of Arts in Economics (High Honors) from Portland State University. She holds a New South Wales practicing certificate and is a member of the Oregon (USA) State Bar.