UK based renewable energy company RES Group has announced a change at its top echelon with current Group CEO from last 5 years, Ivor Catto handing over his responsibilities to Eduardo Medina, starting November 1, 2021. The company said Catto is retiring from executive roles having spent the last 13 years of his career in group CEO positions.
Medina was till now the President of North America for wind turbine maker Vestas. Before that he worked on senior positions with companies as SunPower, Acciona Energia, General Electric and Gamesa (see New EVP At SunPower).
He joins the company that holds a current global portfolio of developed and/or constructed renewable energy portfolio of 22 GW, with operational projects that the RES Group is managing through asset management and O&M services period stands at more than 7.5 GW.
"There is a clear opportunity to consolidate our position as a leading Asset Manager and O&M provider, plus, capitalize on the significant market opportunities in our business geographies," said Medina, who said under his leadership the group will focus on development activities and expanding its international support services offering.
In August 2021, the RES Group sold off its French renewables development company to South Korea's Hanwha Group, releasing capital that it said the company would invest in expanding its development portfolio globally and support services offerings (see Hanwha Q Cells To Acquire RES Group's French Business).