Ygrene Adds HSBC, GE Capital Veteran Stephen Tich as Chief Operating Officer and Names Mike Cary as Chief Revenue Officer
C-level strength to focus on market growth and maintenance of industry's most robust oversight standards
SANTA ROSA, Calif., March 14, 2017 /PRNewswire/ -- Ygrene Energy Fund, the nation's second-largest administrator of PACE (property assessed clean energy) financing announced today that Stephen Tich has joined the company as its Chief Operating Officer. Tich has held a number of senior leadership roles within the financial services industry, spending most of his career at HSBC and GE Capital. Mike Cary, who previously held this position, has moved to the newly-created role of Ygrene's Chief Revenue Officer.
Due to the tremendous interest shown in this emerging form of environmentally-oriented financing, Ygrene's PACE program experienced growth of over 200% in 2016. The addition of Tich will enable Ygrene to accommodate this ongoing growth, while continuing to provide industry-leading consumer protection practices in the 328 communities currently served by the Ygrene program.
"Maintaining consumer confidence is essential for PACE administrators, such as Ygrene, since our primary mission is to deliver financing options to consumers that go beyond those available through traditional financing sources," said Stephen Tich, Chief Operating Officer of Ygrene. "I'm pleased to have joined Ygrene to build on the strong foundation that has already been created."
Both Tich and Cary will report to Rocco Fabiano, Ygrene's President and CEO, who added that, "We are extremely pleased to have the benefit of these two seasoned financial services executives, as we support local governments in their mission to add jobs, promote micro-infrastructure investments and provide a cleaner environment."