Bioenergy Infrastructure Group appoints new CFO
Elliot Renton, a finance director with over 30 years of experience at major firms including Diageo and Luton Airport, has been appointed CFO of the independent power producer.
Renton has succeeded Ben Wright, who held the role since January 2018. He was previously the CFO of Vista Global, a Dubai-based business aviation group, where he restructured the company’s global finance function while overseeing two acquisitions in the US and a major refinancing.
Discussing his new role, Renton said: “I am delighted to join the BIG at this important moment in its growth and development.
“The bioenergy industry is clearly poised for strong long-term growth and BIG will be a significant driver of that expansion, building on the progress it has made to date in consolidating and evolving the biomass and energy-from-waste sectors.
“BIG is already a major player in this growing market and I’m very much looking forward to supporting the next phase in the company’s development.”
BIG CEO Hamish McPherson commented: “Bringing someone of Elliot’s calibre and experience onboard is a testament to how far this business has come in a relatively short period of time and also says much about the growth prospects of the company over the long-term.
“Elliot [Renton] will help us to continue to deliver long-term value for our shareholders while ensuring that our portfolio contributes an ever-increasing share of critical baseload power to the UK.”
According to BIG, during his tenure, Wright helped to drive the company’s transition from an investment platform - launched in 2017 to acquire and develop one of the UK’s largest portfolios of biomass and waste-to-energy facilities – into the major industrial operating company it is today, with assets across the UK.
McPherson concluded: “Ben [Wright] has made a substantial contribution to BIG’s development into an operating business and has been an immensely popular and influential member of our team. We wish him every success in the next phase of his career.”