Germany-headquartered developer juwi has recruited a 46-year old “finance and energy expert” from the ranks of its new majority owner, MVV Energie, to act as chief financial officer (CFO).
Marcus Jentsch, who has served as MVV Energie’s head of finance and investor relations since 2010, was appointed unanimously by juwi’s supervisory board to take up the role. Stock exchange-listed German utility company MVV Energie acquired a 50.1% stake in juwi at the end of last year after a US$300 million financing deal was struck in mid-December. Juwi’s previous owners Fred Jung and Matthias Willenbacher will remain as chief executives and retain a 49.9% stake in the developer.
Jentsch will take up his role on the first day of February. His previous positions at MVV Energie include overseeing mergers and acquisitions activities and project financing. Prior to that, Jentsch held roles in the banking sector.