October 11, 2018, Chennai, India: ReNew Power Limited, India’s largest renewable energy IPP in terms of total energy generation capacity*, today announced the hiring of three senior executives who have joined the organization in leadership roles. These strategic appointments are in line with the company’s continued focus on strengthening its management team.
ReNew announced the appointments of Mayank Bansal as President – Strategy & Operations, Varun Sivaram as Chief Technology Officer, both to be based out of its Gurugram office, as well as Stephen O’Rourke, who has joined as Managing Director, ReNew North America and will be based at the company’s recently set up international office in San Francisco, California.
Mayank will be responsible for developing the current and future strategy of the company and all capital allocation decisions. He has close to 20 years of consulting experience across verticals like Automobile, Metals & Mining, Infrastructure and Consumer Goods. Prior to joining ReNew he had served as a Partner with AT Kearney and has also worked with Mckinsey & Co. and Hindustan Unilever. He is an Electrical Engineering graduate from IIT Bombay and an MBA from ISB Hyderabad.
As CTO, Varun will be responsible for understanding and integrating new technologies in existing lines of business, identifying new streams of technology enabled opportunities and building a culture of technology innovation within ReNew. He has previously served as the Director of the Energy Program at the Council on Foreign Relations in Washington D.C., Senior Energy Advisor to the Mayor of Los Angeles and the Governor of New York, and a consultant at McKinsey & Co. besides authoring a bestselling book – “Taming the Sun: Innovations to Harness Solar Energy and Power the Planet”. He is a Rhodes and a Truman Scholar, and holds a PhD in condensed matter physics from St. John’s College, Oxford University.
Stephen will be driving ReNew’s business in the US market, which the company has recently entered. He joins ReNew Power from Capitas Energy where he served as the co-founder and Managing Partner helping them source, advance and sell more than 300MWac of mid-stage and greenfield utility scale projects in less than 2 years. He has previously held senior positions in organizations such as SunEdison, Deutsche Bank Securities and Applied Materials Inc. Stephen has graduated in Electrical Engineering from the US Naval Academy and also holds a Masters degree in Nuclear Engineering.
Commenting on these appointments, Mr Sumant Sinha, Chairman and Managing Director, ReNew Power, said “We are pleased to welcome Stephen, Mayank and Varun to the leadership team. These senior level hires reflect our commitment to the goal of providing smarter and more efficient clean energy solutions. I look forward to our new appointees bringing in fresh ideas and rich experience to the organisation, adding a new dimension to our business”.