The Clean Energy Finance Corporation is on the search for a new chief executive after Oliver Yates announced late on Wednesday he would step down from his position.
In an email statement to stakeholders Mr Yates said:
I wanted to take this opportunity to let you know that after four wonderful years at the CEFC I have decided to step down. The CEFC has begun the process of finding a new CEO, which I view as one of the most exciting roles in clean energy in Australia.
This has been a difficult decision but the timing is right. The CEFC has never been stronger. I pass the baton knowing we are well established, with a robust pipeline of transactions, and a great team of specialists who benefit from the strong support of the clean energy sector.
Working with the board to establish the CEFC has been an amazing opportunity. I have also thoroughly enjoyed working with the broader clean energy community, including project proponents and investors, in helping transform clean energy investment in Australia.
I will remain at the CEFC as CEO as we find my replacement, so it is very much business as usual. This will be an orderly transition and we remain very focused on delivering new investment opportunities across the clean energy sector. In the meantime, I remain very appreciative of the continuing support you have given me and the team over the past four years. I am confident the CEFC will continue to go from strength to strength and I look forward to working with you until a new CEO is in place.