New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO
New Energy Equity, a subsidiary of ALLETE (NYSE: ALE), announced a leadership transition where current President Josh Kunkel will be promoted to CEO effective June 1, 2025. Co-founder and current CEO Matt Hankey will transition to a new role as Emerging Technologies Officer at ALLETE while remaining on New Energy Equity's Board of Directors.
Kunkel, who joined the company in 2020 as VP of Business Development and became President in 2022, will lead the company's next growth phase. Under Hankey's leadership since co-founding in 2013, New Energy Equity has grown to over 125 employees and implemented more than 270 solar projects nationwide, totaling 600MW and exceeding $1.5 billion in project investment.
New Energy Equity, una filiale di ALLETE (NYSE: ALE), ha annunciato un cambiamento nella leadership in cui l'attuale Presidente Josh Kunkel sar脿 promosso a CEO a partire dal 1 giugno 2025. Il cofondatore e attuale CEO Matt Hankey assumer脿 un nuovo ruolo come Chief Emerging Technologies Officer in ALLETE, rimanendo nel Consiglio di Amministrazione di New Energy Equity.
Kunkel, che 猫 entrato nell'azienda nel 2020 come VP dello Sviluppo Aziendale ed 猫 diventato Presidente nel 2022, guider脿 la prossima fase di crescita dell'azienda. Sotto la guida di Hankey, dal co-fondazione nel 2013, New Energy Equity 猫 cresciuta fino a oltre 125 dipendenti e ha implementato pi霉 di 270 progetti solari a livello nazionale, per un totale di 600MW e oltre 1,5 miliardi di dollari di investimenti nei progetti.
New Energy Equity, una subsidiaria de ALLETE (NYSE: ALE), anunci贸 una transici贸n en el liderazgo donde el actual Presidente Josh Kunkel ser谩 ascendido a CEO a partir del 1 de junio de 2025. El cofundador y actual CEO Matt Hankey asumir谩 un nuevo rol como Chief Emerging Technologies Officer en ALLETE, mientras permanece en la Junta Directiva de New Energy Equity.
Kunkel, quien se uni贸 a la empresa en 2020 como VP de Desarrollo Empresarial y se convirti贸 en Presidente en 2022, liderar谩 la pr贸xima fase de crecimiento de la empresa. Bajo el liderazgo de Hankey desde su cofundaci贸n en 2013, New Energy Equity ha crecido a m谩s de 125 empleados y ha implementado m谩s de 270 proyectos solares en todo el pa铆s, sumando 600MW y superando los 1.5 mil millones de d贸lares en inversi贸n de proyectos.
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New Energy Equity, une filiale de ALLETE (NYSE: ALE), a annonc茅 une transition de leadership o霉 l'actuel pr茅sident Josh Kunkel sera promu au poste de PDG 脿 compter du 1er juin 2025. Le cofondateur et actuel PDG Matt Hankey passera 脿 un nouveau r么le de Chief Emerging Technologies Officer chez ALLETE tout en restant membre du conseil d'administration de New Energy Equity.
Kunkel, qui a rejoint l'entreprise en 2020 en tant que VP du d茅veloppement commercial et est devenu pr茅sident en 2022, dirigera la prochaine phase de croissance de l'entreprise. Sous la direction de Hankey depuis la cofondation en 2013, New Energy Equity a connu une croissance de plus de 125 employ茅s et a mis en 艙uvre plus de 270 projets solaires 脿 l'茅chelle nationale, totalisant 600MW et d茅passant 1,5 milliard de dollars d'investissement dans les projets.
New Energy Equity, eine Tochtergesellschaft von ALLETE (NYSE: ALE), hat einen F眉hrungswechsel angek眉ndigt, bei dem der derzeitige Pr盲sident Josh Kunkel ab dem 1. Juni 2025 zum CEO bef枚rdert wird. Der Mitbegr眉nder und aktuelle CEO Matt Hankey wird eine neue Rolle als Chief Emerging Technologies Officer bei ALLETE 眉bernehmen und bleibt im Vorstand von New Energy Equity.
Kunkel, der 2020 als VP f眉r Gesch盲ftsentwicklung in das Unternehmen eintrat und 2022 Pr盲sident wurde, wird die n盲chste Wachstumsphase des Unternehmens leiten. Unter der F眉hrung von Hankey, seit der Gr眉ndung im Jahr 2013, hat New Energy Equity 眉ber 125 Mitarbeiter gewonnen und mehr als 270 Solarprojekte im ganzen Land umgesetzt, die insgesamt 600MW und 眉ber 1,5 Milliarden Dollar an Projektinvestitionen umfassen.
- Smooth leadership transition with internal promotion ensures continuity
- Former CEO remains involved through Board position
- Strong track record of growth with 270+ solar projects worth $1.5B
- Significant scale with 600MW of implemented projects
- Loss of founding CEO's direct operational leadership
Kunkel joined New Energy Equity in 2020 as Vice President of Business Development and was promoted to President in 2022. "Matt has built a truly special company here at New Energy. Our culture, our success, and our steadfast resolve all starts with Matt, so it is a bittersweet time, although I am glad he will continue to be part of our ALLETE family. I am honored to step into this role and continue building on the strong foundation that Matt and the team have created," said Kunkel. "New Energy Equity has a bright future ahead, and I'm excited to lead this talented team as we expand our impact in the renewable energy industry."
Hankey co-founded New Energy Equity in 2013, leading the company through multiple stages of rapid growth prior to being acquired by ALLETE in April of 2022. Under Hankey's leadership the company has grown to over 125 employees and implemented over 270 solar projects across the country, totaling 600MW and more than
"Matt has built an outstanding organization and a dynamic team at New Energy Equity. His leadership and vision have shaped the company into a national leader in distributed renewable energy development," said ALLETE CEO聽and New Energy Equity Board Chair Bethany Owen. "We are excited for Matt to bring his expertise to ALLETE's broader emerging technologies directives. At the same time, we are thrilled to have Josh step into the CEO role. Josh has been a strong, results-driven leader at New Energy, and with his deep commitment to the company's culture, mission, and strategy, I have great confidence in his leadership as the company enters its next phase of growth."
"Building New Energy Equity with my incredible colleagues is by far the most significant accomplishment of my professional career. I am so proud to have had the opportunity to lead this incredible team over the last 11 years. The New Energy Equity team is stronger than ever and extremely well positioned for success under Josh's leadership, and I look forward to seeing what they can accomplish in this next phase of the company."
About New Energy Equity
, a wholly owned subsidiary of聽听(狈驰厂贰: ALE), develops, finances, operates, and manages solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 600MW of solar projects and closed more than
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FAQ
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