STOCKHOLM, May 29, 2023
/PRNewswire/ --
- EQT is pleased to announce the appointment of Francesco Starace as Partner within the EQT
Infrastructure Advisory Team
- Francesco joins from the position as CEO and General Manager of
Enel, one of the world's largest energy utility companies and a
leader in the sustainable energy transition
- He will act as a dedicated advisor within the global EQT
Infrastructure platform, working alongside more than 120
professionals
In his role, Francesco will provide senior insight to support
investment activity, portfolio companies and strategic
initiatives.
With a career in the energy sector spanning four decades,
Francesco brings a wealth of industry experience from senior
leadership positions, advisory boards, NGOs and public policy. As
CEO of Enel, he was instrumental in driving the company's efforts
to phase out fossil-fueled energy production and invest in digital
technologies, transforming it into one of the world's largest
renewable energy producers and the largest system of digitized
electricity distribution grids.
Prior to becoming CEO of Enel, he headed Enel Green Power, the group's renewable power
generation company and a leading player in the global renewables
industry from 2008 to 2014. In November
2010, he oversaw the initial public offering of the company
and its listing on the Milan and
Madrid Stock Exchanges with a market capitalization of €8 billion.
Francesco is Chairman of the Board of the United Nations'
Sustainable Energy for All, a member of the Rockefeller Commission
to End Energy Poverty and, in 2015, former Secretary-General
Ban Ki-moon appointed him as a
member of the Board of Directors of the United Nations' Global
Compact.
Lennart Blecher, Partner and Head
of the Real Assets Advisory Team, said, "We are honored to welcome
Francesco to join EQT Infrastructure as Partner. Francesco is a
world-recognized thought leader in the area of energy transition
and has led Enel to become a front runner in sustainable energy
production. EQT sees significant potential in accelerating the
momentum towards net-zero by driving decarbonization of the power
and utilities or transportation and logistics sectors. Having
Francesco join us on this journey, with his decades-long experience
within the energy sector, is invaluable to both EQT and our
portfolio companies."
Francesco Starace, incoming
Partner within the EQT Infrastructure Advisory Team, said, "The
industrial transition pathway to net-zero is a gradual process that
takes time and requires significant investment. This transition, if
well managed, opens very large opportunities for value creation to
those that understand its dynamics. Having observed EQT
Infrastructure closely for years, I am deeply impressed by its
level of innovation and commitment to support companies that help
accelerate this transformational shift. I'm delighted to join EQT
and I hope that my experience and network will contribute to the
portfolio and unlock new investment opportunities."
Contact:
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
The following files are available for download:
https://mb.cision.com/Main/87/3775796/2088462.pdf
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Press release Francesco
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https://news.cision.com/eqt/i/francesco-starace,c3183116
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Francesco
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