Northland’s president and chief executive officer Mike Crawley (pictured) will be stepping down from his role after six years.
Crawley will remain with Northland until 30 September 2024.
John Brace, chair of Northland’s board of directors, has been appointed executive chair and will act as a bridge between Crawley and the next president & chief executive as part of the transition.
As executive chair, Brace will leverage his prior experience as Northland’s chief executive from 2003 to 2018 where he was responsible for the Company’s expansion into offshore wind and onshore renewables.
Ian Pearce, chair of the Northland’s governance and nominating committee, has been appointed lead independent director.
After the appointment of a new president & chief executive, Brace is expected to return to his position as non-executive board chair and Pearce will remain as lead independent director.
Brace said: “Mike led Northland through a period of dynamic growth, forging strategic partnerships in core markets, growing the Company’s operating capacity and expanding its diverse development pipeline.
“Northland is in a strong position thanks to Mike’s successful execution of our growth plan.
“Most recently, financing was secured for three major projects, which will increase our generating and storage capacity by over 70%, while also substantially extending the weighted average duration of our contractual revenue agreements.
“We are profoundly thankful for his many successes and steadfast leadership at Northland.”
With Northland’s growth targets secured through 2027 and major construction programmes well underway, the company has launched a global search for a new leader to guide Northland’s continued growth.
Brace said: “The completion of the Company’s many accomplishments in 2023 led to the Board and Mike reflecting on Mike’s nine-year tenure with Northland, six of which as president & chief executive.
“Looking ahead to the future and after a number of productive discussions between Mike, myself and the Board, we have agreed that this is an opportune time, with Northland in a strong position to transition to new leadership.
“We will continue to deliver against the strategy and near-term priorities presented at our recent investor day.”
Construction at Hai Long, Baltic Power and Oneida continue to progress as planned and Northland’s financial guidance and outlook remain unchanged.