Wednesday, 31 January 2024
Zug, Switzerland, 31 January 2024 – COFRA Holding AG (“COFRA”) announces the appointment of Otto Jager as the Chief Financial Officer (CFO) of COFRA’s Clean Energy Group and Sunrock, effective from 1 May 2024.
COFRA’s Clean Energy Group was established in November last year with the appointment of Jheroen Muste as Executive Chair. Sunrock, one of Europe’s leading developers of large commercial rooftop solar projects, was acquired by COFRA in 2020 and forms part of COFRA’s Clean Energy Group.
Jheroen Muste, Executive Chair of COFRA’s Clean Energy Group, commented: “I am pleased to welcome Otto as our CFO as we build COFRA’s Clean Energy Group to play a meaningful role in Europe’s transition to cleaner energy. I am confident that he will play a central role as we look at organic and inorganic growth, along with external fundraising.”
Johannes Duijzer, CEO of Sunrock, said: “Otto has spent the past 15 years in CFO and capital-raising roles for grid and renewable energy firms, so he is ideally placed to help us further professionalise and scale Sunrock’s clean energy business throughout Europe. I am thrilled to welcome Otto to our team.”
Otto joins from Copenhagen Infrastructure Partners, a renewable energy fund manager, and was formerly CFO of TenneT – the European high-voltage grid operator. During his career, he has held senior finance and capital-formation roles, including with Citigroup and ING, in New York, London, Sydney, Copenhagen, Bayreuth and Amsterdam.
Otto Jager commented: “I passionately believe that society must transition, as quickly as possible, to cleaner sources of energy to address climate change, while ensuring energy security at an affordable cost. I greatly admire COFRA’s mission, strong values and people-oriented approach, so I am excited to join COFRA’s Clean Energy Group and Sunrock and be an integral part of a sustainable growth strategy over the years ahead.”