Mihaela Seidl has been appointed as the Chief Financial Officer and member of the management board at BayWa Renewable Energy.
With over 20 years of experience, Seidl has held leadership positions in various critical infrastructure sectors such as energy, IT, and healthcare.
Her expertise includes capital markets, strategy and transformation, auditing, financing, and mergers and acquisitions.
Matthias Taft, Chief executive of BayWa r.e., said “BayWa r.e. has seen incredible global growth, but the coming years promise to be even more transformative for our business.”
“We aim to triple the capacity of the projects we develop by 2026 and grow our independent power producer (IPP) portfolio to 3GW by 2028.”
“Mihaela’s extensive experience will prove invaluable on this journey, and it is great to welcome her to the BayWa r.e. family.”
Seidl’s previous experience includes serving as the chief financial officer and managing director at ESG Group before joining BayWa r.e.
Before her time at ESG Group, she spent 15 years at General Electric, where she held various high-level roles, with her most recent position being the chief financial officer of the distributed power business.
Seidl said “The global renewable energy industry is evolving at pace, but if climate goals are to be achieved, the rate of renewable deployment must significantly increase.”
“I’m excited to become part of the global success story that is BayWa r.e. and looking forward to working with BayWa r.e.’s many committed and passionate people, and supporting our company in unlocking its further huge growth potential.”
2022 was a record year for BayWa r.e. with their revenue increase to €6.5bn and EBIT growth to €230.2m.
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