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MEMBER PRESS RELEASE – People changes for Privilege Finance as business expands

MEMBER PRESS RELEASE – People changes for Privilege Finance as business expands

Renewable energy funding provider, Privilege Finance, announces team changes for 2020.

As a result of sustained business growth and ambitious targets for 2020 and beyond, Privilege has altered the structure of the business to support the future development of the organisation.

As planned, Phil Gerrard has stepped down from his five-year appointment as Chief Executive Officer and will now hold the position of Non-Executive Director on the Privilege Holdings Limited and Privilege Holdings 2 Limited boards while continuing to deliver project and consultancy work for the business.

With this, a change to the executive team has also been implemented. Andrew Vernau has taken on the role of Chief Financial Officer, Chris Winward has been appointed as Chief Commercial Officer and Chief Technology Officer and Tracy Giles is now Operations Director.

Commenting on the new team structure, Andrew said, “I joined Privilege in 2015 and have been part of the business’s exciting journey ever since. While my job title has changed, I will be continuing with my previous responsibilities and look forward to working with the team and customers to build on previous successes and contribute to the UK’s renewable energy targets.”

The new executive team has also been appointed to the board of Privilege Finance Services, and both Chris and Andrew have also been appointed to the Privilege Holdings Limited and Privilege Holdings 2 Limited boards as Executive Directors.

Chris said, “This is an exciting time for the business. 2019 was a great year for the renewable energy industry with 48.5% of power said to have come from renewable sources rather than fossil fuels. There is a growing aspiration and need for the country to start taking renewable energy seriously and Privilege is in a prime position to support this.”

In a final remark Tracy said, “I take pride that Privilege’s core business is in renewable finance and to know that we are making a difference to the environment we live in. As Privilege expands its services into other areas of renewable energy, I am looking forward to seeing what the next few years has in store for the business and wider industry.”


Notes to editors

Issued by: Rosie Hopkins, Pinstone Communications Ltd, e: dd: 01568 617629

About Privilege Finance
Privilege Finance is a renewable energy funding provider, with a particular focus on AD energy from waste (EFW) and biomass in the agricultural and agri-food industries. The organisation specialises in financial and technical AD/EFW expertise and the promotion of sustainability across the sectors.

Privilege works in close partnership with clients using an entire ‘project lifecycle’ approach, providing support services that enable smooth project delivery, commissioning and optimisation, towards re-financing for SPV stability.

In addition to project support, Privilege also provides a range of pragmatic, flexible and streamlined finance solutions via its SCOPE product. The company is based in Cambridge and has experienced sales and delivery teams working across the UK.

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