BayWa Renewable Energy, a leading player in the renewable energy sector, has recently announced the appointment of Mihaela Seidl as their new Chief Financial Officer (CFO) and member of the management board. This strategic move comes as BayWa r.e. aims to further strengthen its position in the industry and capitalize on the tremendous growth opportunities ahead.
With over 20 years of experience spanning various critical infrastructure sectors, including energy, IT, and healthcare, Seidl brings a wealth of expertise to her new role. Throughout her career, she has held executive and supervisory board positions, demonstrating her exceptional leadership capabilities.
Seidl's diverse skill set encompasses a deep understanding of capital markets, strategy and transformation, auditing, financing, and mergers and acquisitions (M&A). Her proven track record in these areas positions her as a valuable asset for BayWa r.e. as they navigate the dynamic and evolving renewable energy landscape.
Matthias Taft, the CEO of BayWa r.e., expressed his enthusiasm for Seidl's appointment, emphasizing the company's ambitious growth plans. He stated, “BayWa r.e. has experienced remarkable global growth, but we anticipate even more transformative years ahead for our business.” Taft outlined the company's vision to triple the capacity of their development projects by 2026 and expand their independent power producer (IPP) portfolio to 3GW by 2028.
Recognizing the importance of Seidl's extensive experience, Taft affirmed that her contribution would be invaluable to BayWa r.e.'s journey. He warmly welcomed her to the BayWa r.e. family, acknowledging the role she would play in the company's ongoing success.
Prior to joining BayWa r.e., Seidl held the position of CFO and Managing Director at ESG Group. She also spent 15 years at General Electric, where she occupied several senior leadership roles, culminating in her role as CFO of the Distributed Power Business. Her previous engagements equipped her with a deep understanding of the complexities of the energy sector and the challenges and opportunities within it.
Seidl expressed her excitement about joining BayWa r.e. and contributing to the global success story that the company represents. She emphasized the urgency of increasing the rate of renewable deployment to achieve climate goals, underlining the evolving nature of the global renewable energy industry.
