The Green Investment Bank (GIB) has announced the promotion of Peter Knott to chief financial officer and the departure of Rob Cormie as operations director.
Knott, left, takes up the new executive director role from his existing position at the bank as chief risk officer, a position for which the GIB is now recruiting.
Cormie joined GIB in November 2012 and his role included setting up GIB’s approach to assessing, monitoring and reporting the green impact of its investments and establishing the international network of green banks.
Chief executive Shaun Kingsbury said: “Rob has been instrumental in getting GIB up and running. He has put in place the operational and support structure that we needed to come through our start-up phase so successfully. I know he now wants to return to a more transaction focused role and I wish him well in the next phase of his career.”
Meanwhile, Laurence Mulliez, right, has also been appointed as a non-executive director and she will also sit on the investment committee.
Chairman Lord Smith of Kelvin said: “Now we have moved beyond the start-up phase it is important that we build the infrastructure we need to support our long-term future as an enduring institution. I am delighted that Peter Knott will be joining the board. This role will be critical for GIB as it works to build a growing and sustainable business.
“We very much look forward to benefitting from [Mulliez’s] experience and insight of renewable energy technologies and markets.”