BURLINGTON, Mass.--(EON: Enhanced Online News)--InterGen announced today that Michael J. Novelli has been appointed chief operating officer. He succeeds Timothy J. Menzie who was named InterGen’s new chief executive officer on December 9. As well, Gregory A. Pratt has succeeded Marc T. Stewart as chief financial officer. Stewart has announced that he will leave the company in early January.
“Marc was instrumental in providing financial direction and support as CFO since 2011, including the refinancing of our debt in 2013. We wish him well in his future endeavors.”
Michael (Mike) Novelli was most recently vice president and general manager of InterGen’s United Kingdom/Netherlands (UK/NL) operating business. In this role, he oversaw the regional strategy and day-to-day management of InterGen’s UK/NL portfolio of gas-fired power stations and associated power, gas and carbon trading activities.
Novelli has been with InterGen since 2009. Previously, he was global vice president of operations and engineering for InterGen. With more than 22 years of industry experience, prior to joining InterGen, Novelli served as vice president of operations for International Power in North America and vice president of business development for Marubeni Corporation focused on Middle East independent water and power projects. Novelli has also held various leadership positions with Texas Independent Energy and Sithe Energies, including plant and general manager roles.
While serving in the U.S. Navy as a gas turbine electrician, Novelli attained his Associate of Science degree from Regents College.
“Mike brings a wealth of knowledge of global power generation to this important role,” said Menzie. “We value his in-depth experience in project development and operations and maintenance.”
Menzie also announced that Greg Pratt would become chief financial officer, succeeding Marc Stewart. “I want to thank Marc for his contributions to InterGen over the past 18 years,” said Menzie. “Marc was instrumental in providing financial direction and support as CFO since 2011, including the refinancing of our debt in 2013. We wish him well in his future endeavors.”
Pratt has been with InterGen for 21 years leading the company’s strategy and corporate development activities globally since 2008. Previously, he was managing director of InterGen Australia and vice president of corporate development. Prior to joining InterGen, he was a part of J. Makowski Company’s corporate finance department. In addition, Pratt was a member of PaineWebber’s investment banking division in New York.
Pratt holds a Bachelor of Arts degree in Economics from Claremont McKenna College and a Master of Science in Management degree from the Sloan School of Management at the Massachusetts Institute of Technology.
“Greg is highly respected within the company. His financial and strategy skills, deep corporate and project finance background, and keen understanding of the business and energy industry make him uniquely qualified for this role,” Menzie said.
A conference call with InterGen investors has been scheduled for Wednesday, December 21, 2016 at 11:00 a.m. ET to provide more detail on these changes. Current InterGen investors who would like to participate in the call must register at www.intergen.com or contact firstname.lastname@example.org.
InterGen is a global power generation firm with 11 power plants in operation, representing a total generation capacity of 6,331 megawatts (5,378 net equity MW) and including a wind farm. In addition, InterGen operates three compression facilities and a 65-km gas pipeline. These facilities are located in the United Kingdom, The Netherlands, Mexico and Australia. InterGen is jointly owned by the Ontario Teachers’ Pension Plan and China Huaneng Group/Guangdong Yudean Group. For more information, visit www.InterGen.com.