PITTSBURGH, June 19, 2012 /PRNewswire/ -- BPL Global®, Ltd. (BPLG), a smart grid technology company, announced today that it has appointed Craig Wellen to the position of Chief Financial Officer (CFO). In his new role, Wellen will oversee all the financial operations of the company and actively participate in developing and executing strategic initiatives to expand BPLG's business on a global basis.
With over 15 years of experience in the energy industry, Wellen is a power and utility finance veteran with extensive sector relationships and strong transaction experience. Throughout his career, he has advised a diverse group of clients on M&A transactions and strategic capital raises totaling over US $35 billion including publicly-traded and venture-backed companies, project developers, private equity investors, and global energy and industrial firms.
"We are pleased to have Craig Wellen join our senior management team," said Peter Londa, CEO of BPLG. "Craig's extensive financial, investment banking and smart grid experience coupled with strong senior relationships throughout the utility industry are well suited to support BPLG's growth strategy."
Prior to BPLG, Wellen was one of the initial partners of Greentech Capital Advisors, the largest global investment banking advisory firm focused solely on the sustainable infrastructure sectors. At Greentech, Wellen was the lead partner responsible for new business origination and transaction execution in the smart grid, energy efficiency and utility-scale renewable power generation sectors. Before Greentech, Wellen worked as a senior investment banker at Citigroup, where he had primary account coverage responsibility including new business origination and transaction execution for North American utilities, infrastructure funds and multinational energy companies. Previous to his work at Citigroup, he was a core team member of SG Barr Devlin, a leading investment banking boutique focused on the power and utility sector.
"I am pleased to join BPLG at such an exciting time in the company's development, said Wellen. "Our solutions for Advanced Distribution Automation are aligned with the next phase of smart grid investments and the company's global customer base provides leverage for growth."
Craig earned a Bachelor of Science in economics from the Wharton School of Business and a Bachelor of Arts in international relations from the College of Arts & Sciences at the University of Pennsylvania.
About BPL Global
BPL Global® (BPLG) provides electric utilities with a suite of smart grid solutions for advanced distribution automation from substations through customer premises. Electrical networks are transforming with a growing array of distributed energy resources (DER) at the edge. The DER Buildout™ underway includes managed load, energy storage, electric vehicle charging, renewables and distributed generation. Our solutions collaborate across the grid to enable the DER Buildout, helping utilities increase efficiency and reliability to improve their financial, operational and environmental performance. BPLG combines our experience in applying smart grid solutions with our market-leading technology to successfully serve leading utilities around the world. www.bplglobal.net
SOURCE BPL Global, Ltd.