Alternus Energy Appoints Mr. Jon Masdal as Non-Executive Independent Director

Source: 7/29/2022, Location: Europe

International Renewable Independent Power Producer (IPP) Alternus Energy Group Plc is pleased to announce the appointment of Mr. Jon Masdal as an Independent non-Executive Director, with immediate effect. Mr. Masdal’s appointment brings the board to a total of six members.

Mr. Masdal is an Oslo-based portfolio manager with the Ludvig Lorentzen family office. He has extensive capital markets experience in the energy sector having covered renewables and the broader energy sector as a sell side analyst at at Norway's leading Investment bank, DNB Markets, for 10 years. During his time at DNB Mr Masdal was a top-ranked analyst in the Nordic energy sector. Prior to joining DNB he worked as an auditor at EY in Oslo. He graduated from the University of New Mexico in 2010 with a BBA in Finance and Accounting and resides in Oslo.

Speaking about the new appointment, Vincent Browne, Chairman and CEO of Alternus lternsaid:
"Jon’s expertise in the local capital markets should prove a real asset to Alternus as we continue our growth and will further assist us with local and international stakeholder engagement. His background in the energy sector will allow him to immediately comprehend our powerful growth engine and provide the board with insights on industry trends and positioning. We very much look forward to working with him and utilizing his experience to inform our business strategy.”

Mr. Masdal commented:
“I believe this is a very fitting time for me to join the board of Alternus Energy. Their mission to support a clean energy future is one that I feel very passionately about and serves to benefit all stakeholders. The need for investment in clean energy has never been more critical. I look forward to lending my experience in the energy sector & capital markets to support the company’s continued growth.”

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