Hannon Armstrong Appoints Former EXIM Chairman Kimberly A. Reed and CEO Jeffrey A. Lipson to Board of Directors
02 March 2023 - 12:30AM
Business Wire
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
(“Hannon Armstrong” or “HASI”) (NYSE: HASI), a leading investor in
climate solutions, today announced the appointment of Kimberly A.
Reed and Jeffrey A. Lipson to its Board of Directors, effective
March 1, 2023.
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Kimberly A. Reed (Photo: Business
Wire)
In connection with these elections, the Board of Directors will
consist of 11 members, 9 of whom are independent members. The Board
appointed Ms. Reed to serve as a member of the Audit Committee and
the Finance and Risk Committee.
“We are delighted to add Kimberly Reed’s talent and perspective
to our Board as HASI continues to grow in ambition and scale,” said
Jeffrey W. Eckel, HASI Executive Chair. “Kimberly’s demonstrated
leadership in resurrecting and running the U.S. Export-Import Bank
adds important government and regulatory experience and global
connectivity to our Board, as well as another seasoned financial
services voice.”
Ms. Reed said, “Hannon Armstrong Sustainable Infrastructure
Capital, Inc.— the very first U.S. public company to focus solely
on investments in energy efficiency, renewable energy, and other
sustainable infrastructure markets and now with more than $9
billion in managed assets — plays a unique and pivotal role in the
renewables firmament. HASI is led by a team that collectively
brings unparalleled longevity in this rapidly evolving space, and I
am confident that my experience leading major public agencies and
engaging with diverse businesses across the United States will
complement this superior team and the company’s already substantive
Board of Directors.”
Ms. Reed currently serves on the Board of Directors of Takeda
Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) and Momentus
Inc. (NASDAQ: MNTS) and is a distinguished fellow with the Council
on Competitiveness.
Ms. Reed served as the first woman chairman of the Board of
Directors, president and chief executive officer of the
Export-Import Bank of the United States (EXIM) — the nation’s
official $135 billion export credit agency — from 2019 to 2021
after being confirmed by the U.S. Senate with overwhelming
bipartisan support. As EXIM chairman, she worked to help U.S.
companies — including those in the renewable and clean energy and
transformational technology sectors —succeed in the competitive
global marketplace. Earlier in her career, Ms. Reed was president
of the International Food Information Council Foundation, where she
worked with multi-national food and agribusiness companies on
nutrition, health, and sustainability issues; senior advisor to
U.S. Treasury Secretaries Henry Paulson and John Snow; chief
executive officer of the Community Development Financial
Institutions Fund (CDFI Fund); and counsel to three committees of
the U.S. Congress, where she conducted oversight and
investigations.
She also currently serves on the American Swiss Foundation Board
of Directors, Hudson Institute's Alexander Hamilton Commission on
Securing America's National Security Innovation Base, Krach
Institute for Tech Diplomacy at Purdue Advisory Council and Indiana
University School of Public Health-Bloomington Dean's Alliance.
Recognized as one of the “100 Women Leaders in STEM,” Ms. Reed
received the U.S. Department of Defense’s highest civilian award —
the Medal for Distinguished Public Service — and is a Council on
Foreign Relations life member and National Association of Corporate
Directors (NACD) Certified Director. She holds a Juris Doctor from
West Virginia University College of Law and a Bachelor of Science
in biology and a Bachelor of Arts in government from West Virginia
Wesleyan College.
“We also welcome our new CEO, Jeff Lipson, on the Board,” Mr.
Eckel added. As previously announced, Jeffrey A. Lipson has
transitioned to the role of president and chief executive officer
of HASI effective today. Mr. Lipson served as both chief operating
officer and chief financial officer of HASI from January 2021 to
February 2023, and chief financial officer from January 2019 to
December 2020.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company
solely dedicated to investments in climate solutions, providing
capital to assets developed by leading companies in energy
efficiency, renewable energy, and other sustainable infrastructure
markets. With more than $9 billion in managed assets, our core
purpose is to make climate positive investments with superior
risk-adjusted returns. For more information, please visit
hannonarmstrong.com or follow us on Twitter and LinkedIn.
Forward-Looking Statements
Some of the information contained in this press release is
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended that are subject to
risks and uncertainties. For these statements, we claim the
protections of the safe harbor for forward-looking statements
contained in such Sections. These forward-looking statements
include information about possible or assumed future results of our
business, financial condition, liquidity, results of operations,
plans and objectives. When we use the words "believe," "expect,"
"anticipate," "estimate," "plan," "continue," "intend," "should,"
"may" or similar expressions, we intend to identify forward-looking
statements.
Forward-looking statements are subject to significant risks and
uncertainties. Investors are cautioned against placing undue
reliance on such statements. Actual results may differ materially
from those set forth in the forward-looking statements. Factors
that could cause actual results to differ materially from those
described in the forward-looking statements include those discussed
under the caption “Risk Factors” included in our most recent Annual
Report on Form 10-K as well as in other periodic reports that we
file with the U.S. Securities and Exchange Commission
Forward-looking statements are based on beliefs, assumptions and
expectations as of the date of this press release. We disclaim any
obligation to publicly release the results of any revisions to
these forward-looking statements reflecting new estimates, events
or circumstances after the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230301005447/en/
Media: Gil Jenkins media@hannonarmstrong.com
443-321-5753
Investors: Neha Gaddam investors@hannonarmstrong.com
410-571-6189
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