Appointment of Non-Executive Director
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8 July 2024
Downing Renewables & Infrastructure Trust plc
("DORE" or the "Company")
Appointment of Non-Executive Director
The Board of DORE is pleased to announce the appointment of Astrid Skarheim Onsum as a Non-Executive Director and member of the Audit and Risk, Management Engagement, Nomination and Remuneration Committees, with effect from 15 July 2024.
Astrid Skarheim Onsum is an accomplished executive and non-executive director with extensive experience in global business ventures, particularly in the energy transition, circular economy and renewable energy sectors. Currently, Astrid is a Non-Executive Director of Seatrium Ltd, a Singapore Exchange quoted global maritime technology and construction group, where she serves on the Audit & Risk Committee. Additionally, Astrid is a Non-Executive Director of Epiroc AB (Sweden), a NASDAQ Stockholm quoted entity, which is a global leader in hard rock mining equipment, where she sits on the Audit Committee. Astrid also serves on the Board of Spoor a.s (Norway) and is a member of the Advisory Board of Airloom Energy Inc (USA).
Astrid has held several key leadership positions within the Aker ASA group (quoted on the Oslo Stock Exchange), including serving as Chief Digital Officer of Aker Solutions ASA and CEO of Aker Offshore Wind ASA. She has also served as CEO of NG Group AS and Chair of Nordic Unmanned ASA (quoted on Euronext Growth Market Oslo). Additionally, Astrid has contributed her expertise in climate-friendly investments as a government-appointed expert for the Norwegian Ministry of Industry and Fisheries.
There are no other disclosures pursuant to Listing Rule 9.6.13.
DORE's Chair, Hugh Little, commented:
"On behalf of the Board, I am absolutely delighted to be welcoming Astrid to the DORE team. She was the standout candidate from a very thorough process. Astrid's engineering background combined with a hugely successful career working in energy markets and a more recent focus on renewable energy within the Nordic Region, all make her ideally suited for a role on the DORE Board. We very much look forward to working with Astrid during the exciting next stages of the Company's development as a leading investor in renewable energy projects across the UK and Northern Europe."
LEI: 2138004JHBJ7RHDYDR62
Contact
Downing LLP - Investment Manager to the Company Tom Williams
| +44 (0)20 3954 9908 |
Singer Capital Markets - Joint Corporate Broker Robert Peel, Alaina Wong, Jalini Kalaravy (Investment Banking) Sam Greatrex, Alan Geeves, James Waterlow, William Gumpel (Sales)
|
+44 (0)20 7496 3000
|
Winterflood Securities Limited - Joint Corporate Broker |
+44 (0)20 3100 0000 |
Neil Morgan (Corporate Finance) Darren Willis, Andrew Marshall (Sales) | |
TB Cardew - Public relations advisor to the Company Tania Wild Henry Crane |
+44 (0)20 7930 0777 +44 (0)7425 536 903 +44 (0)7918 207157
|
About Downing Renewables & Infrastructure Trust plc
DORE is a closed-end investment trust that aims to provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe. DORE has been awarded the London Stock Exchange's Green Economy Mark in recognition of its contribution to the global 'Green Economy'.
The Board classifies DORE as a sustainable fund with a core objective of accelerating the transition to net zero through its investments, compiling and operating a diversified portfolio of renewable energy and infrastructure assets to help facilitate the transition to a more sustainable future. The Company believes that this directly contributes to climate change mitigation.
DORE's strategy, which focuses on diversification by geography, technology, revenue and project stage, is designed to increase the stability of revenues and the consistency of income to shareholders. For further details please visit www.doretrust.com.
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