Blackstone (NYSE: BX) and Fisterra Energy (“Fisterra”), a company owned by funds managed by Blackstone on behalf of its private equity investors, today announced that General Wesley Clark, former NATO Supreme Allied Commander in Europe, and Lars Thunell, former International Finance Corporation head, have joined Fisterra’s Board of Directors. Earlier this year, Blackstone, together with a management team led by Pedro Barriuso, the former Executive Chairman of Element Power and former head of Iberdrola Renewables, formed Fisterra to identify, develop, finance, construct and operate large-scale independent power projects, with a focus in Latin America, Europe and the Middle East.
General Clark and Lars Thunell will also serve as Senior Advisors to Blackstone with a focus on the firm’s private equity activities in the energy sector.
Sean Klimczak, Senior Managing Director at Blackstone, said, “We are thrilled to welcome both General Clark and Lars Thunell to the team. General Clark’s experience and breadth of knowledge will be invaluable to both Fisterra and Blackstone, as we continue to invest in and construct power projects around the world.” Sean Klimczak added, “Lars brings a strong understanding of how to finance and complete large-scale energy projects and has a wealth of investment experience in many of the countries in which we operate or would seek to operate.”
Pedro Barriuso, Chairman and CEO of Fisterra, said, “I am delighted to have both Lars Thunell and General Clark join Fisterra. Mr. Thunell and General Clark are perfect compliments to our management platform and will be invaluable as we build Fisterra into a premier global power development company.”General Wesley Clark, former NATO Supreme Allied Commander in Europe, said, “Helping countries overcome their energy challenges and develop energy security is critical to economic growth and sustainable development. I am pleased to join Fisterra’s Board of Directors and look forward to supporting the team as they work to accomplish their goals.”