The Board of Africa-focused independent power company, Globeleq, has appointed Jonathan Hoffman as interim Chief Executive Officer (CEO). Hoffman, currently the company’s Chief Development Officer will replace outgoing CEO Mike Scholey who will be stepping down at the end of June 2024.
Globeleq revealed that its former CEO is taking up a new role with an entrepreneurial venture, and full details of this appointment will be announced at a later date. Scholey has been the CEO of Globeleq since January 2020, having previously been the Group’s Chief Operating Officer and Chief Financial Officer.
Globeleq is owned 70% by British International Investment (BII), and 30% by Norfund. The company is the leading developer, owner and operator of electricity generation in Africa. Since 2002, the company built a diverse portfolio of independent power plants, generating 1,794 MW in 17 locations across seven countries, with a further 485 MW in construction and more than 2,000 MW of power projects in development.
Jonathan Hoffman expertise
Jonathan Hoffman who joined Globeleq in 2010, and has been Chief Development Officer since 2020, has led the development and investment team as they have secured deals and new investments across Africa.
Some of the deals led by Hoffman include the recently awarded Red Sands project in South Africa, the largest standalone battery storage project on the continent. Jonathan has over 20 years of experience in the power sector having worked previously for ABB Energy Ventures and for InfraCo which he co-founded.
“I am very pleased that Jonathan has agreed to become interim CEO of Globeleq. His appointment provides the business with important continuity over the coming months while the Board and shareholders consider a permanent replacement for Mike,” said Laurence Mulliez, Chair of Globeleq.
“Jonathan has 14 years of experience at Globeleq where he has originated and delivered investments and built teams that have created substantial value for the Group. With the Group performing well and myriad opportunities for growth, I am certain that Globeleq will thrive under Jonathan’s leadership,” Mulliez added.
Mike Scholey legacy at Globeleq
Under the helm of Mike Scholey, Globeleq grew its portfolio of assets to 1,800 MW of power across Africa, with a further 500 MW under construction.
“Mike leaves Globeleq with our very best wishes and thanks for nine years of hard work. Mike joined Globeleq as BII became direct investors and he has been a critical part of the Group’s evolution into Africa’s leading Independent Power Producer. All of us at BII know Jonathan very well after his many successful years with Globeleq and the part he has played in the group’s growth. We look forward to working with him as interim CEO of Globeleq,” said Nick O’Donohoe, Chief Executive of British International Investment (BII).
Tellef Thorleifsson, CEO of Norfund, also commented on Mike Scholey’s departure saying; “Globeleq is a key part of the Norfund portfolio, and we thank Mike for his stewardship of this important investment over the past nine years. We know Jonathan well and wish him all good fortune as he steps up to become interim CEO.”
