In April 2010, Mossadiq S. Umedaly joined Wellington Partners as Venture Partner to strengthen the resource efficiency team. He has over 22 years of experience growing resource efficiency businesses.
In 2009, Umedaly became the Executive Chairman of Enecsys Ltd., a world leading solar micro inverter company. Prior to that, from 2007 to 2009, he was the chairman of BC Hydro, a $5 billion electric utility.
From 1999 to 2008, as Chairman and CEO of power electronics company Xantrex Technology Inc., he transformed the $10 million test and measurement Company into a world leader in renewable power markets, took it public and ultimately sold it in 2008 to strategic acquirers for $500 million.
From 1990 to 1998 he drove the growth of fuel cell pioneer Ballard Power Systems as VP and CFO; during his tenure the company went public and increased its market capitalization from $10 million to $6 billion.
Prior to that, for eight years, he held senior positions in the Aga Khan Development network. He started his career with PricewaterhouseCoopers and for five years worked in the firm's Toronto and Rome offices. Umedaly has a B.Com, MBA, FCA, ICD.D and a LL.D (hon).
|Feb 27, 2009||Gigaom - Ventures West to Launch $158M Clean Energy Fund With BC Hydro Chairman|