Wellington appoints new venture partner

Umedaly has over 20 years' experience in growing cleantech businesses. In late 2009 he became the executive chairman of Enecsys Ltd, a Cambridge, UK-based solar micro-inverter company, and a Wellington investment.

From 2007-2009, he was the chairman of BC Hydro. In the period from 1999 to 2008 he was the chairman and CEO of power electronics company Xantrex Technology Inc, which he took public and ultimately sold it in 2008, in two separate transactions, to strategic acquirers, Schneider Electric and Ametek, respectively, for $500m.

Prior to that from 1990 to 1998 he drove the growth of fuel cell pioneer Ballard Power Systems as vice president and CFO. during his tenure the company went public and reached a market capitalisation of $6bn.

 

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