Ygrene Energy Fund Expands Executive Team

SANTA ROSA, Calif., May 15, 2013 /PRNewswire/ -- Ygrene Energy Fund, a leading provider of commercial and residential energy upgrade programs for local governments, today announced the addition of two members to its senior leadership team. Joining the company are John Hudson as Senior Vice President and Chief Financial Officer, and Jason Mittelstaedt as Senior Vice President, Marketing and Strategy.

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Through Ygrene's turnkey Clean Energy Programs, municipalities can efficiently tap the Property Assessed Clean Energy (PACE) financing model and enable property owners to implement energy efficiency, renewable energy, water conservation and building resiliency projects with no upfront costs. These upgrades are repaid through annual property taxes, rather than as a traditional personal or business loan. In their new roles, Hudson and Mittelstaedt will support efforts to expand Ygrene's reach across the U.S.  

CFO John Hudson has over 20 years of experience working in investment banking and corporate finance. Prior to joining Ygrene, John served as the CFO for a multi-billion dollar holding company, which held varied assets ranging from hospitality to structured debt products. He previously held senior financial leadership roles at Symbol Technologies and Sun Microsystems in which he was responsible for portfolio management, treasury, and capital advisory functions. Earlier in his career, Hudson was with Merrill Lynch in both the Investment Banking and Private Client Groups with responsibilities ranging from fragmenting and consolidating debt positions for internal and external clients to architecting insurance products. He also founded Preservation Capital Partners, a commercial financing and direct investment firm, and holds a B.S. in Economics, a B.S. in Finance, and an M.S.M. in Finance from the Krannert School at Purdue University.

As the Senior Vice President of Marketing and Strategy, Jason Mittelstaedt will draw upon his experience building and scaling high growth businesses to capitalize on Ygrene's rapidly expanding market opportunity and revenue acceleration. Prior to joining Ygrene, Mittelstaedt was SVP and Chief Marketing Officer at RightNow Technologies, the leading provider of cloud-based customer experience management solutions acquired by Oracle Corporation in 2012. During his 12-year tenure with RightNow, Mittelstaedt led global marketing, strategic planning, branding, communications and product management. Prior to RightNow, Mittelstaedt held strategic planning, marketing and engineering positions for Intel Corporation and several earlier stage growth-oriented businesses. Mittelstaedt holds a B.S. in Engineering Physics and completed the General Management Program at Harvard Business School.

"Ygrene's growth is rapidly accelerating in our clean energy districts across the nation, and putting the right leadership structure in place is critical to our next phase of development," said Stacey Lawson, CEO of Ygrene Energy Fund. "John Hudson and Jason Mittelstaedt bring deep experience growing global businesses across a broad range of industry sectors. Together we look forward to building even greater momentum and empowering municipalities to stimulate their local economies while reducing carbon emissions."

About Ygrene Energy Fund
Ygrene Energy Fund is the leading developer and administrator of clean energy financing programs throughout the U.S. Ygrene's fully funded Clean Energy Programs provide privately funded and immediately accessible financing for renewable and energy efficiency upgrades to both residential and commercial property owners at no upfront costs. Over the next five years, Ygrene's Clean Energy Districts are projected to create tens of thousands of local jobs, invest hundreds of millions into local economies and drive massive reductions in greenhouse gasses. Learn more at ygrene.us.

SOURCE Ygrene Energy Fund