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HASI Announces Appointment of Laura A. Schulte and Barry E. Welch to Board of Directors

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HASI (NYSE: HASI), a leading sustainable infrastructure investor, has announced the appointment of two new board members effective April 15, 2025. Laura A. Schulte and Barry E. Welch will join the board, bringing the total to 12 members, with 10 being independent.

Schulte, with over 30 years of financial services leadership, will serve on the Audit and Compensation Committees. She currently chairs Transportation Alliance Bank's board and has previous executive experience at Wells Fargo and Norwest

Welch, bringing three decades of power and infrastructure industry expertise, will serve on the Audit and Finance and Risk Committees. He currently chairs Onward Energy's board and previously served as CEO of Atlantic Power from 2004 to 2014.

HASI (NYSE: HASI), un importante investitore nel settore delle infrastrutture sostenibili, ha annunciato la nomina di due nuovi membri del consiglio di amministrazione a partire dal 15 aprile 2025. Laura A. Schulte e Barry E. Welch entreranno a far parte del consiglio, che raggiungerà così un totale di 12 membri, di cui 10 indipendenti.

Schulte, con oltre 30 anni di esperienza nella leadership nei servizi finanziari, farà parte delle Commissioni Audit e Compensi. Attualmente presiede il consiglio di amministrazione della Transportation Alliance Bank e vanta precedenti esperienze dirigenziali presso Wells Fargo e Norwest.

Welch, con trent'anni di esperienza nel settore dell'energia e delle infrastrutture, farà parte delle Commissioni Audit, Finanza e Rischi. Attualmente è presidente del consiglio di Onward Energy e in passato è stato CEO di Atlantic Power dal 2004 al 2014.

HASI (NYSE: HASI), un destacado inversor en infraestructuras sostenibles, ha anunciado el nombramiento de dos nuevos miembros en su junta directiva con efecto a partir del 15 de abril de 2025. Laura A. Schulte y Barry E. Welch se unirán a la junta, elevando el total a 12 miembros, de los cuales 10 son independientes.

Schulte, con más de 30 años de liderazgo en servicios financieros, formará parte de los Comités de Auditoría y Compensación. Actualmente preside la junta de Transportation Alliance Bank y cuenta con experiencia ejecutiva previa en Wells Fargo y Norwest.

Welch, con tres décadas de experiencia en la industria de energía e infraestructuras, formará parte de los Comités de Auditoría, Finanzas y Riesgos. Actualmente preside la junta de Onward Energy y fue CEO de Atlantic Power desde 2004 hasta 2014.

HASI (NYSE: HASI)는 선도적인 지속 가능한 인프라 투자자로서 2025년 4월 15일부로 두 명의 신규 이사 선임을 발표했습니다. Laura A. SchulteBarry E. Welch가 이사회에 합류하여 총 12명의 이사 중 10명이 독립 이사가 됩니다.

Schulte는 30년 이상의 금융 서비스 리더십 경험을 바탕으로 감사위원회와 보상위원회에서 활동할 예정입니다. 현재 Transportation Alliance Bank 이사회를 이끌고 있으며, 이전에는 Wells Fargo와 Norwest에서 임원으로 근무했습니다.

Welch는 30년간의 전력 및 인프라 산업 전문성을 가지고 감사위원회, 재무 및 리스크 위원회에서 활동할 예정입니다. 현재 Onward Energy 이사회를 이끌고 있으며, 2004년부터 2014년까지 Atlantic Power의 CEO를 역임했습니다.

HASI (NYSE : HASI), un investisseur majeur dans les infrastructures durables, a annoncé la nomination de deux nouveaux membres au conseil d'administration à compter du 15 avril 2025. Laura A. Schulte et Barry E. Welch rejoindront le conseil, portant son effectif à 12 membres, dont 10 indépendants.

Schulte, forte de plus de 30 ans d'expérience en leadership dans les services financiers, siégera aux comités d'audit et de rémunération. Elle préside actuellement le conseil d'administration de Transportation Alliance Bank et a occupé des postes de direction chez Wells Fargo et Norwest.

Welch, qui apporte trois décennies d'expertise dans les secteurs de l'énergie et des infrastructures, siégera aux comités d'audit, de finance et de risque. Il préside actuellement le conseil d'Onward Energy et a été PDG d'Atlantic Power de 2004 à 2014.

HASI (NYSE: HASI), ein führender Investor im Bereich nachhaltiger Infrastruktur, hat die Ernennung von zwei neuen Vorstandsmitgliedern zum 15. April 2025 bekannt gegeben. Laura A. Schulte und Barry E. Welch werden dem Vorstand beitreten, der damit insgesamt 12 Mitglieder zählt, von denen 10 unabhängig sind.

Schulte, mit über 30 Jahren Führungserfahrung im Finanzdienstleistungssektor, wird in den Ausschüssen für Prüfung und Vergütung tätig sein. Derzeit ist sie Vorsitzende des Vorstands der Transportation Alliance Bank und verfügt über frühere Führungserfahrung bei Wells Fargo und Norwest.

Welch, der über drei Jahrzehnte Erfahrung in der Energie- und Infrastrukturbranche verfügt, wird in den Ausschüssen für Prüfung sowie Finanzen und Risiko mitwirken. Er ist derzeit Vorsitzender des Vorstands von Onward Energy und war von 2004 bis 2014 CEO von Atlantic Power.

Positive
  • Board strengthened with experienced directors in financial services and energy sectors
  • High ratio of independent directors (10 out of 12) maintaining strong corporate governance
  • New directors bring relevant expertise in regulated industries and energy transformation
Negative
  • None.

 

ANNAPOLIS, Md.--(BUSINESS WIRE)-- HA Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the appointment of Laura A. Schulte and Barry E. Welch to its board of directors, effective April 15, 2025.

With these appointments, the HASI board of directors will consist of 12 members, 10 of whom are independent members. Ms. Schulte will serve on the Audit Committee and the Compensation Committee, and Mr. Welch will serve on the Audit Committee and Finance and Risk Committee.

“As the scope and scale of HASI’s opportunity in the energy transition continues to grow, it is fitting to add additional financial services and energy industry expertise to our board. We are pleased to welcome Laura and Barry,” said Jeffrey W. Eckel, Chair of HASI.

Laura A. Schulte has over three decades of leadership in the financial services industry, where she has transformed multi-billion-dollar corporations and their cultures in highly regulated industries to deliver improved profits, revenue growth, and stakeholder value. She is currently chair of the board of directors of Transportation Alliance Bank. Since 2016, Ms. Schulte has also served on the board of directors of Novant Health and Grubb Properties. From 2015 through 2021, Ms. Schulte served on the board of directors of State Farm Bank, a subsidiary of State Farm Insurance sold to U.S. Bank in 2021. From 1999 until her retirement in 2014, Ms. Schulte held various executive roles at Wells Fargo, culminating in her service as Executive Vice President and Head of Eastern Community Banking. Before that, she was an executive at Norwest Corporation. Ms. Schulte holds a Bachelor of Science degree in Accounting from the University of Nebraska at Lincoln and is a graduate of the Stonier Graduate School of Banking at the University of Pennsylvania.

Barry E. Welch has over three decades of impactful leadership experience in the power and infrastructure industry, where he has guided complex energy businesses through transformation and growth. He is currently chair of the board of directors of Onward Energy and serves on the board of directors of Aspen Power. From 2016 through 2019, Mr. Welch served on the board of directors of TransMontaigne Partners (NYSE: TLP). From 2004 to 2014, Mr. Welch was Chief Executive Officer of Atlantic Power Corporation. He previously spent 15 years at John Hancock, culminating in his service as Senior Vice President and Head of the Bond & Corporate Finance Group. Mr. Welch holds a Bachelor of Science degree in Mechanical and Aerospace Engineering from Princeton University and a Master of Business Administration degree with a concentration in Finance from Boston College.

About HASI

HASI is an investor in sustainable infrastructure assets advancing the energy transition. With approximately $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, visit www.hasi.com.

Forward-Looking Statements

Some of the information contained in this press release is forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are subject to risks and uncertainties. For these statements, we claim the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. When we use the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions, we intend to identify forward-looking statements.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in our most recent Annual Report on Form 10-K as well as in other periodic reports that we file with the U.S. Securities and Exchange Commission.

Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.

Corporate Communications:

Gil Jenkins

media@hasi.com

443-321-5753

Investor Relations:

Aaron Chew

investors@hasi.com

410-571-6189

Source: HA Sustainable Infrastructure Capital, Inc.

FAQ

When will the new directors join HASI's board?

Laura A. Schulte and Barry E. Welch will join HASI's board effective April 15, 2025.

What committees will Laura Schulte serve on at HASI?

Laura Schulte will serve on the Audit Committee and the Compensation Committee.

How many independent members will HASI's board have after these appointments?

After these appointments, HASI's board will have 10 independent members out of 12 total directors.

What is Barry Welch's relevant experience for joining HASI's board?

Barry Welch has over 30 years of power and infrastructure industry leadership, including serving as CEO of Atlantic Power and holding senior positions at John Hancock.
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