NTR plc Executive Management

Rosheen McGuckian - Chief Executive Officer

Rosheen McGuckian

Rosheen was appointed Chief Executive Officer of NTR plc in April 2013.  Since joining NTR in 2008, Rosheen has held a number of leadership positions in NTR including most recently as Group Business Development Director and CEO positions in solar development and waste management platforms within the group.  Prior to joining NTR, Rosheen was CEO of GE Money Ireland, the consumer finance division of General Electric, having joined GE in 2002.  Prior to joining GE, Rosheen led the business transformation initiative for Irish utility ESB Power Generation.  Rosheen is a Director of the Strategic Banking Corporation of Ireland ("SBCI"), Social Innovation Fund of Ireland and is a member of the Advisory Board of Trinity College Dublin School of Engineering.  Rosheen holds a PhD, MA and BSc.

Marie Joyce - Chief Financial Officer

Marie Joyce

Marie is Chief Financial Officer of NTR plc.  Marie joined NTR in 2004 and has held executive financial and commercial roles across the Group during this time, including Deputy CFO of NTR and CFO of Wind Capital Group.  Prior to NTR, Marie was Senior Director of Strategic Planning for Elan Corporation plc, where she played a pivotal role in that company’s US$2 billion financial restructuring and fundraising programme, and was previously an Audit & Corporate Finance Manager at Arthur Andersen.  Marie is also currently Chair of the Make a Wish Foundation Ireland.  Marie holds a Bachelor of Commerce degree from University College Galway, a Masters in Accounting from the UCD Michael Smurfit Graduate Business School, and is a fellow of the Institute of Chartered Accountants in Ireland.

Manus O'Donnell - Chief Investment Officer

Manus O'Donnell

Manus O’Donnell is Chief Investment Officer of the NTR plc.  Manus has executed corporate and project level funding transactions for over 1,000MW of wind and solar energy projects across Europe, US and Asia.  He was most recently CEO of Mainstream Capital and Head of Corporate Finance for Mainstream Renewable Energy and previously, Manus worked in corporate finance at Airtricity for six years, which was part of the NTR Group.  Manus started his career in investment and corporate banking in London and Dublin.  Manus is a Steering Committee member of the Irish Green IFSC.  He holds a B.A. in Economics from Trinity College Dublin, a M.A. degree in Economics from University College Galway and a MBA from the Smurfit Business School, University College Dublin.

Conor Roche - Business Development Director

Conor Roche

Conor is Business Development Director responsible for origination and investment in large onshore wind projects.  Conor joined NTR in 2003 and has held a number of leadership roles including the development, acquisition and disposal of businesses in the renewable energy (wind, solar, bio-energy) and sustainable waste management sectors in Ireland, UK and the US.  Conor holds an Honours BA degree in Economics and Sociology from the National University of Ireland and an MBA from UCD Michael Smurfit Graduate Business School, Dublin, Ireland.  Conor is a non-executive director of Woodford Capital Ltd, Doyle Hotels Holdings Ltd and The Sharing Foundation Ltd.

Eamonn Medley - Business Development Director

Eamonn Medley

Eamonn is Business Development Director responsible for origination and investment of frameworks of small wind projects.  Prior to joining the NTR Group in 2004, Eamonn worked for 18 years with a variety of American multinational electronics companies principally in the areas of telecoms, power electronics and over-voltage protection.  Within NTR, Eamonn has worked in business development and operational roles and has been responsible for the development of a number of NTR infrastructure assets.  Eamonn holds a B-Eng in Electronics, an MSc in Engineering Reliability and a post-graduate diploma in Corporate Governance.

Kevin Ryan - Corporate Finance Senior Manager

Kevin Ryan

Kevin joined NTR plc in 2011, and since joining has been responsible for evaluating and structuring its wind investments in Europe and managed the sale of NTR’s Greenstar North America recycling business.  Prior to joining NTR, Kevin worked in KPMG Corporate Finance Dublin, specialising in infrastructure and PPP financing.  Kevin began his career with the Irish National Treasury Management Agency as a risk analyst before later joining the National Development Finance Agency as a financial analyst.  Kevin holds a Bachelor of Business Studies from the University of Limerick and a Masters of Business Studies from the UCD Michael Smurfit Graduate Business School, and is a CFA Charterholder.

Seamus O'Brien - Group Financial Controller

Seamus O'Brien

Seamus is responsible for NTR plc’s financial management and reporting and for ensuring proper controls and compliance structures are maintained across the company’s investments.  Seamus has held a variety of senior accounting and controllership roles across the Company since he joined in 2007, prior to which he worked in PWC.  A Chartered Accountant, Seamus also holds a BA Economics from Trinity College Dublin.

NTR plc Board

Tom Roche - Chairman

Tom Roche

Tom is a founding Director of NTR plc and Chairman of the Board of Directors.  He also holds a number of other directorships.  Tom graduated from Trinity College Dublin with an MA (Economics) degree and holds an MBA from The Wharton School, University of Pennsylvania.  Tom is a member of the Advisory Board of the UCD Michael Smurfit Graduate Business School.

Rosheen McGuckian - Chief Executive Officer

Rosheen McGuckian

Rosheen was appointed Chief Executive Officer of NTR plc in April 2013.  Since joining NTR in 2008, Rosheen has held a number of leadership positions in NTR including most recently as Group Business Development Director and CEO positions in solar development and waste management platforms within the group.  Prior to joining NTR, Rosheen was CEO of GE Money Ireland, the consumer finance division of General Electric, having joined GE in 2002.  Prior to joining GE, Rosheen led the business transformation initiative for Irish utility ESB Power Generation.  Rosheen is a Director of the Strategic Banking Corporation of Ireland ("SBCI"), Social Innovation Fund of Ireland and is a member of the Advisory Board of Trinity College Dublin School of Engineering.  Rosheen holds a PhD, MA and BSc.

Marie Joyce - Chief Financial Officer

Marie Joyce

Marie is Chief Financial Officer of NTR plc.  Marie joined NTR in 2004 and has held executive financial and commercial roles across the Group during this time, including Deputy CFO of NTR and CFO of Wind Capital Group.  Prior to NTR, Marie was Senior Director of Strategic Planning for Elan Corporation plc, where she played a pivotal role in that company’s US$2 billion financial restructuring and fundraising programme, and was previously an Audit & Corporate Finance Manager at Arthur Andersen.  Marie is also currently Chair of the Make a Wish Foundation Ireland.  Marie holds a Bachelor of Commerce degree from University College Galway, a Masters in Accounting from the UCD Michael Smurfit Graduate Business School, and is a fellow of the Institute of Chartered Accountants in Ireland.

Conor Roche - Business Development Director

Conor Roche

Conor is Business Development Director responsible for origination and investment in large onshore wind projects.  Conor joined NTR in 2003 and has held a number of leadership roles including the development, acquisition and disposal of businesses in the renewable energy (wind, solar, bio-energy) and sustainable waste management sectors in Ireland, UK and the US.  Conor holds an Honours BA degree in Economics and Sociology from the National University of Ireland and an MBA from UCD Michael Smurfit Graduate Business School, Dublin, Ireland.  Conor is a non-executive director of Woodford Capital Ltd, Doyle Hotels Holdings Ltd and The Sharing Foundation Ltd.

Chris Hunt - Non-Executive Director

Chris Hunt

Christopher Hunt is a Managing Director of Riverstone LLC, an energy and power-focused private investment firm with over $25bn of funds under management. Chris has nearly 20 years of experience in renewable energy, gas and power. Throughout the course of his career he has developed, constructed, financed and/or operated renewable and conventional energy businesses in over 25 countries involving more than 30GWs of power capacity. Prior to joining Riverstone, Chris was one of the principals leading the creation and growth of BP Alternative Energy. Before BP, Chris worked extensively in the energy sector including with Enron, where he was responsible for the acquisition, development and operations of a multi-billion dollar portfolio of 16 coal, gas, wind and distribution businesses spread across Asia and Latin America. Chris currently serves on the boards of Pattern Energy Group LP, Silver Ridge Power LLC and Velocita Energy Developments Ltd.

Brian Kearney - Non-Executive Director

Brian Kearney

Brian has run his own management consultancy firm for over 20 years.  During this period, he was also Chief Executive of Powerscreen International plc and CardBase Technologies Ltd and was Group Chief Executive of Arnotts Holdings Ltd.  Previously, he was Chairman of Lifestyle Sports, Premier Computer Group and director of IWP International Ltd, McCormick Macnaughton Ltd and Moffett Engineering Ltd.  Brian is currently a Non-Executive director of Towercom Holdings Limited, a provider of wireless infrastructure.  Brian is a Fellow of the Institute of Chartered Accountants in Ireland and a member of its Strategy Review Board.  He has represented the Institute on the Professional Accountants in Business Committee of the International Federation of Accountants. Brian also serves on the Professional Standards Committee of the Chartered Accountants Regulatory Board.

Charlotte Valeur - Non-Executive Director

Charlotte Valeur

Charlotte Valeur is the Managing Director of GFG Ltd, which advises on investment fund governance.  Charlotte is also on the boards of a number of listed and unlisted companies including JP Morgan Convertibles Income Fund Ltd, Renewable Energy Generation Ltd, Brevan Howard Credit Catalyst Ltd and Kennedy Wilson Europe Real Estate Plc.  Prior to GFG, Charlotte was the Managing Partner at Brook Street Partners Ltd from January 2003.  Brook Street Partners is a consulting company within Alternative Investments.  Charlotte has also held a number of senior capital markets roles in The City of London and Denmark.  Charlotte is a member of The Institute of Directors and is regulated by the Jersey Financial Services Commission.

Alan Walsh - Non-Executive Director

Alan Walsh

Alan is Chief Executive Officer of One51 plc. He joined One51 in 2006, and was appointed Group Chief Financial Officer in 2009.  Alan served as Interim Chief Executive from July 2011, before being appointed Group CEO in November 2011.  Prior to One51, Alan worked at KPMG, Matheson and with reinsurance group AXIS Capital. He graduated from University College Dublin with a degree in International Commerce, and later qualified as a Chartered Accountant with KPMG.

About NTR plc

Founded in 1978 to develop and operate Ireland’s first toll road, NTR plc has grown and diversified throughout the last three decades to become a renewable energy investment business.  Since 1999, through its associated companies, NTR plc has constructed and operated 1.75GW of wind projects across US, UK and Ireland. The wind energy sector is NTR plc’s primary platform for future growth in renewable energy investment, focused on operating or near-constructed small and medium scale wind projects.

NTR plc brings a combination of financial support and direct sectoral expertise to its wind partnerships, working in conjunction with outstanding wind development teams to build and operate long-term high yielding assets.

Governance

NTR plc is an Irish public company.  Its shares are not listed on any stock exchange but may be traded via the company's stockbrokers.  NTR plc Directors are committed to maintaining high standards of governance.  NTR plc aims to comply with the Combined Code on Corporate Governance (June 2006) published by the Financial Reporting Council in the UK.

  • Board of Directors

    Board of Directors

    Directors are appointed to the Board through a formal process and newly appointed Directors are approved by a Nominations Committee.  All new Directors offer themselves for election by shareholders at the first Annual General Meeting following their appointment.  On appointment, each Director receives training, as appropriate.  All Directors have access to the advice and services of the Company Secretary.  The Company offers major shareholders the opportunity to meet new Non-Executive Directors.  The Non-Executive Directors are appointed for specific terms.  One third of the Directors, or nearest thereof, are required to offer themselves for re-election each year.  

    A procedure is in place whereby the Directors may, in furtherance of their duties, take independent professional advice, if necessary, at the Group’s expense.

    The Group has a policy in place which indemnifies the Directors in respect of legal action taken against them.

    At 31 March, 2015, the Board of Directors comprised three Executive and five Non-Executive Directors.  Three of the Non-Executive Directors - Chris Hunt, Charlotte Valeur and Brian Kearney - are considered independent.  Tom Roche, a Non-Executive Director, chairs the Board and Brian Kearney is the Senior Independent Director.  Brian Kearney is available to shareholders who have concerns that cannot be addressed through the Chairman, Chief Executive or Chief Financial Officer.

    To enable them to perform their duties, all Directors have full and timely access to all relevant information.  It is the opinion of the Board that, between them, the Directors have the range of skills, knowledge and experience required to lead the Company. 

    The Board meets regularly throughout the year.  Prior to each meeting, all Directors are supplied with a full update on financial and other operational reports together with a report from the Chief Executive outlining key aspects of the Group’s performance.

    The standard terms of the letter of appointment of Non-Executive Directors can be inspected at the registered office of the Company or prior to the Annual General Meeting.

  • Role of the Board

    Role of the Board

    The Board is responsible for the leadership of the Company.  There is a formal schedule of matters reserved by the Board for decision. This includes the approval of:

    • The financial statements
    • Business/strategic plans
    • Budgets and forecasts
    • Capital budgets and expenditure
    • Any transactions that materially impact NTR plc’s economic interests
    • Board appointments and removals
    • Directors’ remuneration
    • The terms of reference and membership of NTR plc Board Committees
    • The appointment of the auditor

    The Board has delegated responsibility for the management of the Group, through the Chief Executive, to executive management.  The roles of Chairman and Chief Executive are not combined and there is a clear division of responsibilities between them.  The Chief Executive is accountable to the Board for all authority delegated to executive management.

    The Board has also delegated some of its responsibilities to Committees of the Board.

  • Board Committees

    Board Committees

    The Board delegates certain responsibilities to Board committees and has established an Audit Committee, Investment Advisory Committee, Nominations Committee and Remuneration Committee.

  • Audit Committee

    Audit Committee

    This Committee comprises the following Non-Executive Directors:-  Brian Kearney (Chairman), Charlotte Valeur and Alan Walsh. The Committee has written terms of reference which deal with its authority and duties. These terms of reference include assisting the Board in fulfilling its responsibilities for ensuring:-

    • Appropriate financial reporting;
    • Adequate internal controls;
    • Corporate governance procedures are in place;
    • The effectiveness of the external audit process;
    • That an appropriate relationship between the Group and the external auditor is maintained, including reviewing non-audit services and fees; and
    • Recommendations are made on the appointment, re-appointment and remuneration of the Group’s external auditor.
  • Investment Advisory Committee

    Investment Advisory Committee

    The Investment Advisory Committee comprises experienced and internationally regarded non-executive advisors in renewables investments who provide advice to NTR plc executives and the NTR plc Board on potential wind project investments.  The role of the Committee is to review and challenge investment proposals against agreed investment hurdle criteria and determine whether or not to recommend the investments to the NTR plc Board.

    This Committee currently comprises two NTR plc Board members, Charlotte Valeur (a Director of funds and investments) and Chris Hunt (an experienced renewables private equity investor).  Please see NTR plc Board section of this website for their profiles.

    Two additional advisors consult on the Committee:-

    Kevin Devlin, has 27 years commercial, developmental and operational experience in the energy sector.  Most recently he held executive responsibility for the operations of Iberdrola Renewables in the US, covering a portfolio of over 6GW of generation assets across 20 States, and representing over US$10bn in direct investments.

    Fabrizio de Candia, is a senior executive with 28 years experience in global power generation.  Fabrizio was previously General Manager EPC business with Alstom Power for US and Italy, where he negotiated and constructed over €1bn in turnkey power project contracts.  He has also led independent power development, investments and construction of renewable and conventional power projects across US, Europe and Asia.

  • Nominations Committee

    Nominations Committee

    This Committee comprises the following Directors:-  Tom Roche (Chairman), Chris Hunt, Rosheen McGuckian and Charlotte Valeur.

    The Nominations Committee advises the Board on new board appointments. The terms of reference include responsibility for:-

    • Identifying and nominating, for the approval of the Board, candidates to fill Board vacancies as and when they arise;
    • Evaluating the skills, knowledge and experience of the Board;
    • Performance evaluation and succession planning;
    • Reviewing the composition of the Board; and
    • Reviewing the leadership of the Board.

    The Board engages the services of independent consultants to search for suitable candidates to serve as Non-Executive Directors.

  • Remuneration Committee

    Remuneration Committee

    This Committee comprises the following Non-Executive Directors:-  Brian Kearney (Chairman), Tom Roche, Charlotte Valeur and Alan Walsh.

Corporate Social Responsibility

Conducting business in a socially responsible manner is an important element of NTR's organisational culture. Recognising that the Group and its people draw significant support from, and are an integral part of, the communities in which we operate, the Group is committed to ensuring that such support is reciprocated through an actively managed program of social and community support activities.

NTR has established the NTR Foundation, an independent foundation that is addressing the challenges posed by the issues of Climate Change, Resource Sustainability and Security of Energy Supply though the provision of targeted financial and expert support to projects, research and Non Governmental Organisations.

To view the NTR Foundation website click on the logo below:

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