ElectroRoute’s chief executive and co-founder Ronan Doherty is stepping down from his role after 13 years.
He will be replaced by current chief commercial officer Caoimhe Giblin and chief financial officer Donal Flynn who will become co-chief executives.
ElectroRoute has grown to trade and optimise over 1.8GW of renewable assets, trade in more than 15 separate energy markets around the world and employ more than 120 energy professionals across Ireland, the UK and Japan.
It became a wholly owned subsidiary of Mitsubishi Corporation in 2022.
Doherty will leave his position in May 2024 and be available to the new chief executive team for a transition period thereafter.
Giblin was a strategic early hire for ElectroRoute, joining in 2014 to build and drive the expansion of its client facing activities.
She previously served with some of the ElectroRoute founders in SSE/Airtricity where she was director of finance of SSE Renewables.
Flynn joined ElectroRoute in 2021 to help effect its acquisition by Mitsubishi.
He was formerly group chief financial officer at Glen Dimplex and executive director – group finance and commercial at ESB, having also served as chief financial officer with Giblin the ElectroRoute team at Airtricity.
ElectroRoute has continued its buildout of its Japan subsidiary with continued growth in physical and financial trading activity, executing the first trade on the Japan based TOCOM exchange, executing its first balancing PPA and Corporate PPA in 2023 and its first PPA under the new Japan renewables support scheme in 2024.
In Europe, ElectroRoute has continued growing its client portfolio, signing trading and optimisation contracts with over 800MW of new build renewable power projects as well as an expansion into the renewable gas sector with a landmark biomethane importation transaction with a large transport company.
Doherty said: “It has been an honour to lead this amazing team for the past 13 years and in handing over to Donal and Caoimhe for the next phase of its growth I know it is in very safe hands.
“I will be spending more time with my family in the immediate period ahead and in due course will consider where I can next contribute to the Green Transition which has been my life’s work.
“I wish the very best of luck to the team and to our fantastic shareholder Mitsubishi Corporation in the years ahead.”