Renew Financial Appoints Kathleen Brown to its Board of Directors
Former California State Treasurer Brings a Wealth of Both Public and Private Sector Expertise to Board of leading national energy finance company
Oakland, Calif. – Renew Financial, one of the nation’s leading clean energy finance companies, has appointed Kathleen Brown to its Board of Directors.
“We are delighted to welcome Kathleen to our Board of Directors,” commented Cisco DeVries, CEO of Renew Financial and the inventor of PACE (Property Assessed Clean Energy) financing. “She brings a great depth of knowledge about renewable energy and energy efficiency-related financing and legislation to the company, and will bring a unique and valuable perspective as we embark on our next stage of growth and national expansion.”
Ms. Brown is currently a partner at Manatt, Phelps & Phillips, where her areas of focus include government and regulatory affairs. Prior to joining Manatt, Ms. Brown was a banking executive for nearly two decades, serving in a variety of senior positions at Goldman Sachs and Bank of America. At Goldman Sachs, where her roles included head of the Western region public-sector and infrastructure group, Ms. Brown participated in over $4.2 billion of water and power bond financings, and counseled California municipal utilities in their efforts to meet the state’s renewable energy standards.
A former Democratic Party gubernatorial nominee, Ms. Brown has extensive public sector experience. As California State treasurer, she managed a $25 billion bond portfolio, oversaw a $32 billion cash management fund and served on the Board of Trustees of two of the largest pension funds in the nation, CalPERS and CalSTRS. Ms. Brown served as co-chair of the Council of Institutional Investors; co-chair of the Presidential Commission on Capital Budgeting; as a two-term member of the Los Angeles Board of Education; and as a commissioner of the Los Angeles Board of Public Works.
About Renew Financial
Renew Financial was founded in 2008 by Cisco DeVries, who originated the idea of the Property Assessed Clean Energy (PACE) financing model. Endorsed by President Obama and named by Scientific American as one of the top 20 ideas that can change the world, PACE enables property owners to finance the entire cost of energy and water efficiency and renewable energy upgrades to their homes and businesses, and then repay those costs on their property tax bill. PACE is also a central component of a major White House clean energy initiative unveiled in August 2015. Renew Financial’s other financing products including the Warehouse for Energy Efficiency Loans (WHEEL), which opens the residential energy efficiency finance market to large institutional investors.
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