Climate solutions and sustainable infrastructure investment firm Hannon Armstrong Sustainable Infrastructure Capital (HASI) announced the appointment of Jeffrey Lipson, currently COO and CFO, as its new President and CEO. The company’s current Chair, President and CEO Jeffrey Eckel will become Executive Chair.

The company also announced the  appointment of Co-Chief Investment Officer Marc Pangburn as its new CFO.

Lipson joined Hannon Armstrong in 2019 as CFO, and added the COO role in 2021, with responsibility for all financial functions at the firm including accounting, treasury, capital markets, and investor relations, a well overseeing the company’s enhancement of its operating platform. Prior to joining the firm, Lipson served for six years as President and CEO of Congressional Bank, and he has also held senior roles at firms including CapitalSource and Bank of America.

Lipson said:

“HASI is a unique company driven by an unwavering mission and client focus, and we are well-positioned to take advantage of the abundant growth opportunities in the climate solutions market.”

Eckel has served as Chair and CEO of Hannon Armstrong since the company’s IPO in 2013, and as President and CEO of the predecessor of the company from 2000 to 2013. He will continue leading the board in his new role of Executive Chair.

Eckel said:

“I am proud of this company’s strategy, its execution over the ten years as a public company, and the mission-driven talent we have attracted. Jeff Lipson has been instrumental in our success, including the execution of our strategy, building a diverse funding platform, and improving many of our operational processes. I have tremendous confidence in him and the team as we envision the next chapter of this great company.”

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