LONDON, June 28, 2021 /PRNewswire/ -- ReNew Energy Global
PLC, ("the Company" or "ReNew Global") today announced the proposed
appointment of a new Board of Directors, which is to be seated
after the close of the Company's proposed business combination with
RMG Acquisition Corporation II ("RMG II").
The proposed Board of Directors for ReNew Global include the
following six independent Directors:
- Sir Sumantra Chakrabarti,
formerly the President of The European Bank for Reconstruction and
Development for two terms and Advisor to the Presidents of
Kazakhstan and Uzbekistan on Economic Development. Sir
Sumantra will also be the chairperson of the nomination
committee.
- Mr. Manoj Singh, formerly the
Chief Operating Officer at Deloitte Touche Tohmatsu Ltd. (Deloitte
Global), as part of a thirty-six-year career with the firm. Mr
Singh will be the chairperson of the audit and remuneration
committees.
- Ms. Michelle Robyn Grew, Group
Chief Operations Officer, General Counsel and the Head of CSR and
Responsible Investing for Man Group
- Dr. Ram Charan, a renowned management thinker and advisor to
various global companies such as Bank of America, Toyota, 3G,
Yidliz Holdings, Muyuan in China.
He served on the faculties of Harvard Business
School and Northwestern
University.
- Ms. Vanitha Narayanan, prior
Chairman and MD of IBM India and Board leader with a successful
track record spanning three decades across multiple geographies in
technology and telecommunications; and
- Mr. Robert S. Mancini, RMG II's
Chief Executive Officer and a Director since inception with decades
of power sector experience as a former executive of Goldman Sachs
& Co. and The Carlyle Group.
In addition, the other four proposed directors are:
- Mr. Sumant Sinha, the founder of
ReNew Power and ReNew Power's Chairman and CEO since 2011. He will
continue to serve as the Chairman of the post-combination
company.
- Mr. Michael Bruun, head of
Europe, Middle East and Africa corporate equity and head of
India corporate and growth
investing at Goldman Sachs Asset Management.
- Mr. Anuj Girotra, who oversees
the Active Fundamental Equities and Relationship Investments
programs for India at Canada
Pension Plan Investment Board (CPP Investments); and
- Mr. Projesh Banerjea, a Portfolio Manager in the Infrastructure
Division at ADIA, who is responsible for the team's Asia coverage efforts.
Speaking about ReNew Global's proposed Board, Founder,
Chairman and CEO of ReNew Energy Global PLC, Mr. Sumant Sinha said, "The Board of Directors
that we have put together, which include many independent directors
and two women directors, is a diverse group of incredibly
experienced professionals, with expertise across international
institutions, business and government. The proposed Board is the
right group to guide ReNew in its next phase of growth, and to
serve as stewards for the new publicly listed company. I look
forward to working with all of them to continue our market leading
work in the Indian renewable energy space."
Full biographies of the proposed Directors are available in the
Company's draft F-4/A filing, which is accessible at
www.sec.gov.
About ReNew Energy Global
ReNew Global is anticipated to be the parent company of ReNew
Power Private Limited (ReNew) after the close of the Company's
proposed business combination with RMG Acquisition Corporation II.
ReNew is India's leading renewable
energy independent power producer (IPP) by capacity and is the 13th
largest global renewable IPP by operational capacity. ReNew
develops, builds, owns, and operates utility-scale wind energy
projects, utility-scale solar energy projects, utility-scale firm
power projects and distributed solar energy projects. As of
March 31, 2021, ReNew Power had a
total capacity of close to 10 GW of wind and solar energy projects
across India, including
commissioned and committed projects from organic and inorganic
growth opportunities. ReNew's current group of stockholders contain
several marquee investors including Goldman Sachs, CPP Investments,
Abu Dhabi Investment Authority, GEF SACEF and JERA.
As previously announced, ReNew Energy Global Plc has entered
into a definitive agreement for a business combination with RMG
Acquisition Corporation II (NASDAQ: RMGB), a publicly traded
special purpose acquisition company (SPAC), that would result in
ReNew becoming a publicly listed company. Completion of the
proposed transaction is subject to customary closing conditions and
is expected to occur in the third quarter of 2021.
For more information, please visit:
www.renewpower.in; Follow ReNew Power on Twitter
@ReNew_Power
No Offer or Solicitation
This press release is for informational purposes only and shall
neither constitute an offer to sell or the solicitation of an offer
to buy any securities, nor shall there be any sale of securities in
any jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
Press Enquiries
Arijit Banerjee
arijit.banerjee@renewpower.in
+91 9811609245
Investor Enquiries
Nathan Judge, CFA
nathan.judge@renewpower.in
+1 917-209-6750
Caldwell Bailey
ICR, Inc.
IR@renewpower.in
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SOURCE ReNew Power Private Limited