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OPAL Fuels Appoints Kazi Hasan as Chief Financial Officer

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OPAL Fuels (Nasdaq: OPAL) has appointed Kazi Hasan as Chief Financial Officer, effective February 3, 2025. Hasan brings over 25 years of experience in the energy sector and succeeds Scott Contino, who has served as interim CFO since October 2023.

Hasan's extensive background includes EVP and CFO roles at major energy infrastructure companies, where he has raised over $30 billion in equity and debt financing. His experience spans corporate development, financial operations, M&A, and investor relations in the power, utility, and renewable energy sectors.

Prior to joining OPAL Fuels, Hasan served as Senior Advisor at Fluence Energy, and as EVP and CFO at Puget Sound Energy and Cleco. He also spent over two decades with AES in senior executive roles, including Global Chief Risk Officer.

OPAL Fuels (Nasdaq: OPAL) ha nominato Kazi Hasan come Chief Financial Officer, con effetto dal 3 febbraio 2025. Hasan porta con sé oltre 25 anni di esperienza nel settore energetico ed assume il ruolo da Scott Contino, che ha ricoperto il ruolo di CFO ad interim da ottobre 2023.

Il vasto bagaglio di esperienza di Hasan include ruoli di EVP e CFO presso importanti aziende di infrastrutture energetiche, dove ha raccolto oltre 30 miliardi di dollari in finanziamenti equity e debito. La sua esperienza spazia nello sviluppo aziendale, nelle operazioni finanziarie, nelle fusioni e acquisizioni e nelle relazioni con gli investitori nei settori dell'energia, dei servizi pubblici e delle energie rinnovabili.

Prima di unirsi a OPAL Fuels, Hasan ha lavorato come Senior Advisor presso Fluence Energy e come EVP e CFO presso Puget Sound Energy e Cleco. Ha anche trascorso oltre due decenni con AES in ruoli di alta dirigenza, incluso quello di Global Chief Risk Officer.

OPAL Fuels (Nasdaq: OPAL) ha nombrado a Kazi Hasan como Director Financiero, con efecto a partir del 3 de febrero de 2025. Hasan aporta más de 25 años de experiencia en el sector energético y sucede a Scott Contino, quien ha sido CFO interino desde octubre de 2023.

El extenso historial de Hasan incluye roles de EVP y CFO en importantes empresas de infraestructura energética, donde ha recaudado más de 30 mil millones de dólares en financiamiento de capital y deuda. Su experiencia abarca el desarrollo corporativo, las operaciones financieras, las fusiones y adquisiciones, y las relaciones con los inversionistas en los sectores de energía, servicios públicos y energías renovables.

Antes de unirse a OPAL Fuels, Hasan trabajó como Asesor Senior en Fluence Energy y como EVP y CFO en Puget Sound Energy y Cleco. También pasó más de dos décadas en AES en roles ejecutivos, incluyendo el de Director Global de Riesgos.

OPAL Fuels (Nasdaq: OPAL)는 Kazi Hasan을 최고 재무 책임자(Chief Financial Officer)로 임명했으며, 이는 2025년 2월 3일부터 효력이 발생합니다. Hasan은 에너지 분야에서 25년 이상의 경험을 보유하고 있으며, 2023년 10월 이후 임시 CFO를 거쳐 Scott Contino를 잇게 됩니다.

Hasan의 방대한 경력에는 주요 에너지 인프라 회사에서 EVP 및 CFO 역할이 포함되며, 그는 300억 달러 이상의 자본 및 부채 자금을 조달한 경력이 있습니다. 그의 경험은 전력, 유틸리티 및 재생 가능 에너지 분야에서 기업 개발, 재무 운영, M&A 및 투자자 관계를 아우릅니다.

OPAL Fuels에 합류하기 전, Hasan은 Fluence Energy에서 수석 고문으로 일했고, Puget Sound Energy 및 Cleco에서 EVP 및 CFO로 근무했습니다. 그는 또한 AES에서 20년 이상 고위 임원으로 재직하며 글로벌 리스크 책임자를 포함한 역할을 맡았습니다.

OPAL Fuels (Nasdaq: OPAL) a nommé Kazi Hasan au poste de directeur financier, à compter du 3 février 2025. Hasan apporte plus de 25 ans d'expérience dans le secteur de l'énergie et succède à Scott Contino, qui a occupé ce poste par intérim depuis octobre 2023.

Le vaste parcours de Hasan comprend des rôles de EVP et CFO dans de grandes entreprises d'infrastructure énergétique, où il a levé plus de 30 milliards de dollars de financement en capital et en dette. Son expérience couvre le développement d'entreprise, les opérations financières, les fusions et acquisitions et les relations avec les investisseurs dans les secteurs de l'énergie, des services publics et des énergies renouvelables.

Avant de rejoindre OPAL Fuels, Hasan a été conseiller senior chez Fluence Energy et a occupé les postes de EVP et CFO chez Puget Sound Energy et Cleco. Il a également passé plus de deux décennies chez AES dans des postes de direction, y compris celui de directeur mondial des risques.

OPAL Fuels (Nasdaq: OPAL) hat Kazi Hasan zum Chief Financial Officer ernannt, der am 3. Februar 2025 sein Amt antreten wird. Hasan bringt über 25 Jahre Erfahrung im Energiesektor mit und folgt auf Scott Contino, der seit Oktober 2023 als Interim CFO fungiert hat.

Hasans umfangreicher Hintergrund umfasst Positionen als EVP und CFO in bedeutenden Unternehmen der Energieinfrastruktur, wo er über 30 Milliarden Dollar an Eigen- und Fremdfinanzierung akquiriert hat. Seine Erfahrung umfasst Unternehmensentwicklung, Finanzoperationen, M&A und Investor Relations in den Bereichen Energie, Versorgungsunternehmen und erneuerbare Energien.

Vor seinem Eintritt bei OPAL Fuels war Hasan Senior Advisor bei Fluence Energy und EVP sowie CFO bei Puget Sound Energy und Cleco. Er verbrachte auch über zwei Jahrzehnte bei AES in leitenden Funktionen, einschließlich der Position des Global Chief Risk Officer.

Positive
  • Appointment of seasoned CFO with 25+ years of energy sector experience
  • New CFO's track record of raising over $30 billion in capital
  • Extensive experience in M&A and strategic partnerships
Negative
  • None.

Proven energy industry executive brings over 25 years of extensive financial, operational, and strategic leadership experience in energy sector to drive disciplined growth and value creation

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- OPAL Fuels Inc. (Nasdaq: OPAL), today announced the appointment of Kazi Hasan as Chief Financial Officer, effective February 3, 2025. Mr. Hasan succeeds Scott Contino, who has served as interim CFO since October 2023. Mr. Contino will continue in his role as Chief Financial Officer of the Company’s sponsor, Fortistar.

With over 25 years of operational, financial, and strategic leadership experience in the power, utility, and renewable energy sectors, Mr. Hasan has a proven track record of creating shareholder value by aligning strategic goals with disciplined execution and financial rigor. Having held EVP, CFO, and other C-suite roles at large energy infrastructure and growth companies, Mr. Hasan has led corporate development strategy and execution, financial operations, capital raising, designing and executing growth plans, M&A, and investor relations. He has extensive experience in structuring strategic partnerships and has raised over $30 billion of equity and debt from private and public markets. At OPAL Fuels, he will be a key driver of building upon OPAL’s successful platform and unlocking value amid the accelerating demand for scalable, economical and lower carbon energy solutions.

“We are thrilled to welcome Kazi, an accomplished CFO and corporate leader with deep expertise across finance, strategy and operations within the renewable energy and infrastructure space,” said Adam Comora, co-CEO of OPAL Fuels. “His leadership as a public company executive will be pivotal as we continue to scale our platform, accelerate growth and maximize shareholder value. I am confident that his collaboration with our leadership team and the Board will be instrumental in executing our growth strategy. I also want to thank Scott Contino for his critical contribution in leading our finance organization while we’ve continued to build intrinsic value and opportunity for our company and shareholders.”

“I am honored to join OPAL Fuels, a market leading platform in the development and operations of renewable fuel production and its unique vertical integration with distribution at scale across the United States,” said Mr. Hasan. “Opal Fuels’ ability to capture and convert biogas into cost-effective renewable energy solutions delivers significant value to customers, partners and society at large striving to achieve decarbonization goals while also strengthening their financial performance. I am grateful for the trust placed in me and look forward to working with OPAL Fuels’ exceptional executive team to drive financial and operational excellence, strengthen our market leadership, and maximizing shareholder value.”

Prior to joining OPAL Fuels, Mr. Hasan served as Senior Advisor at Fluence Energy (Nasdaq: FLNC), and as EVP and Chief Financial Officer at Puget Sound Energy and Cleco, energy utilities in Washington and Louisiana, respectively. Prior to these roles, Mr. Hasan spent more than two decades with publicly traded AES (NYSE: AES) in senior Global and Regional top executive roles, including as Global Chief Risk Officer. He also served as a Board member for various public and private companies. Mr. Hasan is a Chartered Financial Analyst and holds an Engineering degree and multiple Masters degrees in Business Administration and Leadership.

A Form 8-K has been filed with the Securities and Exchange Commission in conjunction with this press release.

About OPAL Fuels Inc.

OPAL Fuels Inc. (Nasdaq: OPAL) is a leader in the capture and conversion of biogas into low carbon intensity RNG and renewable electricity. OPAL Fuels is also a leader in the marketing and distribution of RNG to heavy duty trucking and other hard to de-carbonize industrial sectors. For additional information, and to learn more about OPAL Fuels and how it is leading the effort to capture North America’s naturally occurring methane and decarbonize the economy, please visit www.opalfuels.com.

Forward-Looking Statements

Disclaimer

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

For OPAL Fuels

Todd Firestone

Vice President Investor Relations and Corporate Development

914-705-4001

investors@opalfuels.com



Media

Zach Gorin

ICR, Inc.

OPALFuelsPR@icrinc.com

Source: OPAL Fuels, Inc.

FAQ

When will Kazi Hasan start as CFO of OPAL Fuels (OPAL)?

Kazi Hasan will start as CFO of OPAL Fuels on February 3, 2025.

Who did Kazi Hasan replace as CFO at OPAL Fuels (OPAL)?

Kazi Hasan replaced Scott Contino, who served as interim CFO since October 2023.

What is Kazi Hasan's previous experience before joining OPAL Fuels (OPAL)?

Prior to OPAL Fuels, Hasan was Senior Advisor at Fluence Energy, EVP and CFO at Puget Sound Energy and Cleco, and spent over 20 years at AES in senior executive roles.

How much capital has OPAL's new CFO Kazi Hasan raised in his career?

Throughout his career, Kazi Hasan has raised over $30 billion of equity and debt from private and public markets.

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