Schneider Power Board Of Directors Appoints Lewis T. Reford Interim CEO

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Toronto-based Schneider Power Inc.'s board of directors has appointed Lewis T. Reford, currently an independent director of the company, to serve as CEO on an interim basis. He replaces Jonathan Lundy, who tendered his resignation as CEO on Aug. 18. Lundy will continue to serve as a nonexecutive director of Schneider.

Reford has more than 20 years of financial and energy industry experience, most recently as a consultant to Israel's Gazit Group in the renewable energy sector.

‘Despite the challenging economic environment, the company will be adding significantly to its operating asset base over the coming 12 months through a number of wind farm construction projects that have been developed by Schneider and subsequently joint-ventured through our partnership model,’ says Reford.

Prior to his consulting role, Reford spent over 15 years in the investment banking and financial services industry, serving as president and CEO of MGI Securities Inc., a boutique investment dealer and subsidiary of Jovian Capital Corp.

Reford will assume day-to-day management of the company for a to-be-determined period.

SOURCE: Schneider Power Inc.

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