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Finance chief steps down at Brazil's CPFL Renováveis

Gregori has been leading the company's new business department since it started investing in wind in 2011

Brazil's CPFL Renováveis announced that Alessandro Gregori, who holds the posts of chief financial officer, investor relations officer and new business development director, will step down for for personal reasons.

CPFL Renováveis is controlled by China’s State Grid and is Brazil’s largest independent renewable energy company with over 2GW in operation, including 1.3GW of wind.

Gregori has been in the company since 2011 as new business director, three years after the company was founded as the renewable energy arm of what was then one of Brazil’s largest private energy utilities with interests in power distribution, transmission and generation.

He oversaw the development of CPFL Renováveis from a small-hydro and biomass portfolio to a mainly wind-driven company as it grew through M&A and winning PPAs in government tenders. The company has a wind and solar pipeline of around 3GW.

Gregori is an economist and will leave on August 5 to seek new career opportunities. CEO Fernando Mano will assume responsibility for the CFO role.

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