Hannon Armstrong Announces Organizational Changes on Leadership Team

Brendan Herron Assumes Expanded Leadership Role Focusing on
Strategy and Growth Initiatives; Jeffrey A. Lipson to become Chief
Financial Officer

ANNAPOLIS, Md.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24HASI&src=ctag” target=”_blank”gt;$HASIlt;/agt;–Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon
Armstrong,” “we,” “our,” or the “Company;” NYSE: HASI), a capital
provider focused on sustainable infrastructure markets that address
climate change, today announced organizational changes in its finance
leadership effective March 1, 2019.

Brendan Herron will remain as an executive vice president and take on an
expanded leadership role focusing on Hannon Armstrong’s strategic growth
initiatives, with a particular emphasis on the Company’s expanded joint
venture platforms.

Brendan has done an outstanding job as our Chief Financial Officer.
Having originated the idea and strategy for taking the Company public,
his leadership enabled a successful $167 million IPO in 2013 and growth
to our current $1.4 billion market cap. He has been instrumental in the
evolution of our business during this period of transformative changes
in the electric power sector,” said Jeffrey Eckel, Hannon Armstrong
President & CEO. “And those changes are leading to new strategic
opportunities including our joint venture arrangements like the
announced Hannon
Armstrong Sustainable Real Estate
and SunStrong
arrangements, which expand our origination reach, but also require more
strategic and entrepreneurial skills in addition to transactional
skills. These are some of Brendan’s strengths, and his contributions to
our strategic initiatives will be an integral part of our continued
growth and success.”

Succeeding Mr. Herron will be Jeffrey A. Lipson, a 30-year veteran of
the finance and banking industry who has held multiple leadership roles
in banking and treasury. Mr. Lipson joined Hannon Armstrong in January
2019 as the Deputy Chief Financial Officer. Previously, Mr. Lipson
served as Chief Executive Officer of Congressional Bank. He has also
served as Senior Vice President and Treasurer of CapitalSource and
Senior Vice President of Corporate Treasury at Bank of America and its
predecessor FleetBoston Financial.

I am delighted to welcome Jeff Lipson to Hannon Armstrong,” said Mr.
Eckel. “This is the perfect time to add to our finance team as we are
building an exciting and important business and Jeff brings first-class
banking, corporate finance and treasury skills, which will enhance our
ability to grow.”

Adding Jeff’s skills to our team, further strengthens our management
team and I am excited to work with him,” said Brendan Herron. “With Jeff
onboard, I will be able to focus on how Hannon Armstrong captures the
enormous opportunity to finance climate change solutions.”

I am elated to join Hannon Armstrong,” said Mr. Lipson. “The Company’s
leadership, intellect, and strategy provide a tremendous opportunity to
build upon the success that Jeff, Brendan and the team have achieved;
and I look forward to succeeding Brendan as CFO as we work together to
expand the business.”

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) focuses on solutions that reduce carbon
emissions and increase resilience to climate change by providing capital
and specialized expertise to the leading companies in the energy
efficiency, renewable energy and other sustainable infrastructure
markets. Our goal is to generate attractive returns for our shareholders
by investing in a diversified portfolio of assets and projects that
generate long-term, recurring and predictable cash flows or cost savings
from proven commercial technologies. Hannon Armstrong is proud to be the
first U.S. public company exclusively focused on financing solutions to
climate change. We are based in Annapolis, Md. For more information,
please visit www.hannonarmstrong.com.
Follow Hannon Armstrong on LinkedIn
and Twitter @HannonArmstrong.

Forward Looking Statements

Some of the information in this press release contains
forward-looking statements and within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. When used in this press release, words
such as “believe,” “expect,” “anticipate,” “estimate,” “plan,”
“continue,” “intend,” “should,” “may,” “target,” or similar expressions,
are intended to identify such forward-looking statements.
Forward-looking statements are subject to significant risks and
uncertainties. Investors are cautioned against placing undue reliance on
such statements. Actual results may differ materially from those set
forth in the forward-looking statements. Factors that could cause actual
results to differ materially from those described in the forward-looking
statements include those discussed under the caption “Risk Factors”
included in our Annual Report on Form 10-K for our fiscal year ended
December 31, 2017, which was filed with the U.S. Securities and Exchange
Commission (“SEC”), as well as in other reports that we file with the
SEC.

Forward-looking statements are based on beliefs, assumptions and
expectations as of the date of this press release. We disclaim any
obligation to publicly release the results of any revisions to these
forward-looking statements reflecting new estimates, events or
circumstances after the date of this press release.

Contacts

Media Relations
Gil Jenkins
[email protected]
443-321-5753

Investor Relations
Amanda Cimaglia
[email protected]
410-571-6189

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