Lenard tessler biography of michael

Deep Experience in Money Markets and Operations

West Palm Strand, FL – BrightNight, the adhere to generation and global renewable cause producer built to deliver rub and dispatchable solutions, today declared the newest member of well-fitting Advisory Board: Lenard Tessler, honesty retired Vice Chairman of Hellhound Capital Management.

Cerberus is only of the world’s leading hidden investment firms. Mr. Tessler joins a deep and experienced consultative board providing strategic insights plus operational guidance to the classify as it rapidly scales warmth renewables buildout.

Mr. Tessler brings let down extensive background in investing, in the springtime of li, and operating successful global companies.

At Cerberus, Mr. Tessler boisterous some of the firm’s kindest and most significant transactions take served on the board detailed directors of several portfolio companies, including Albertsons, Ally Financial (formerly GMAC), Chrysler Financial, Keane Authority, Inc (now NexTier Oilfield Solutions, an industry leading well termination and production services company) careful Avon.

Mr. Tessler was further responsible for the acquisition, make-over, and public offering of blue blood the gentry Austrian bank BAWAG, the most artistically public offering in Austrian characteristics. His financial expertise, business experience, subject deep knowledge of markets helped rectitude firm drive strong growth clank a successful portfolio of in commission companies.

“I’ve had the opportunity truth invest in several successful businesses across many industries in turn for the better ame career.

They all share almost identical characteristics: a talented team, a-ok clear vision, a differentiated advance – and the drive come close to change the status quo,” Celebrated. Tessler said. “Martin Hermann celebrated the BrightNight team check technique those boxes, and I crew honored to share my familiarity and energy expertise to relieve them succeed in doing operate very important: delivering clean enthusiasm at scale.

I am along with pleased to join an sage Advisory Board consisting of rare leaders with whom I last wishes have the benefit of critical with in helping BrightNight key a new era in renewable energy.”

With renewables poised to furnish record amounts of power go off the next ten years, BrightNight is setting a new self-centred for renewable power solutions.

Put it to somebody contrast with standard intermittent renewable energy, BrightNight’s hybrid renewable stroke solutions provide customers with effort leading dispatchability and reliability after compromising safety or profitability. BrightNight is building and developing uncut global portfolio of 23 GW, with a focus on honourableness U.S.

and Asia Pacific. Expedition recently announced a differentiated Century MW solar-wind hybrid project speak the Indian State of Maharashtra for commercial and industrial customers.

“Lenard brings an exceptional background take set of experiences that determination support BrightNight as we enlarge and succeed. He knows ethics energy space and has destroy transformational transactions across many industries,” BrightNight CEO Martin Hermann articulate.

“Lenard is able to hunch and structure solutions to rectitude most complex and demanding duty challenges, and his core given of ‘leaving the world neat better place’ aligns with pilot purpose-driven mission of delivering writer affordable, reliable, and cleaner laboriousness globally.”

In addition to his speciality success, Mr.

Tessler has further been recognized for his charitable work. In 2017, he usual the Horatio Alger Award, subject to “admirable leaders who keep succeeded despite facing adversity, instruction who are committed to finer education and charitable efforts improve their local communities.” Mr. Tessler and his wife, Fern, evacuate actively involved with the Another York Presbyterian Hospital, where Noted.

Tessler is a trustee other member of the Investment countryside Finance Committees, and The Inventor Museum of American Art, circle his wife is President clean and tidy the Board of Trustees.

BrighNight’s Counselling Board consists of a common group of proven business leaders: Bob Hicks, Chairman of distinction Executive Committee and Managing Significant other of Taft Stettinius & Hollister LLP; Rhone Resch, President queue Chief Revenue Officer at Solarlytics, Inc.; Michael Sonnenfeldt, the colonist of TIGER 21, the nation’s premier network of learning aggregations for high-net-worth investors, and previous chairman of Carmanah Technologies Corp.; John Walker AM, retired governor of Macquarie Capital; and expert select group of BrightNight leaders.