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ReNew Announces Appointment Of Three Independent Directors

-New Board members to replace retiring Directors -Will increase gender diversity of the Independent Board

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ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading renewable energy company and a preferred decarbonisation partner, announced on Monday that the Board of Directors has appointed Ms. Paula Gold-Williams, Ms. Nicoletta Giadrossi and Mr. Philip Graham New as Non-Executive Independent Directors with effect from August 23, 2023. The appointment is subject to the approval of the Company’s shareholders at the ensuing Annual General Meeting of the Company and, if approved, the respective term of office for each appointee will last until the Annual General Meeting scheduled to be held in the calendar year 2025.

ReNew is committed to diversity and inclusion at all levels, and having more women directors on the Board is an important step towards the goal. The Company will continue to have majority of independent directors on its Board.

Mr. Ram Charan and Ms. Michelle Robyn Grew, Independent Directors of the Company retire on August 22, 2023 due to expiry of their term. The tenure of Mr. Philip Kassin, MKC Investments LLC Nominee and Independent Director is expiring on August 22, 2023 in terms of the Articles of Association of the company due to expiration of the director nomination rights of MKC Investments LLC.

The non continuation of the directors afore-mentioned was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.


Paula Gold-Williams: Ms. Gold-Williams is the former President and CEO of CPS Energy, a fully integrated electric and natural gas municipal utility based in San Antonio, Texas. Currently, she serves as a corporate director on the board of Emera, Inc., a utility holding company headquartered in Nova Scotia, Canada.

Nicoletta Giadrossi: Ms. Giadrossi holds various leadership roles in prominent companies. She is currently Chair of Gruppo FS Spa in Italy, Chair of MSX International Ltd, and Sustainability & HSE Committee Chair in TKE, Germany. 

Philip Graham New: Mr. New is a non-executive director at Norsk Hydro ASA since May 2022 and serves on its audit committee since June 2023. He also holds the position of non-executive director at Almar Water Solutions B.V. since March 2017. 

 


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