Spain's Ence names CEO of renewables unit Magnon

Spanish pulp producer and energy group Ence - Energia y Celulosa SA (BME:ENC) has appointed Guillermo Negro to serve as the CEO of the company's renewables unit Magnon Green Energy.

Negro, an industrial engineer, started his professional career with the Ence group, spending 13 years in various positions.

Negro's appointment marks his return to Ence following a ten-year period that saw him lead the Spanish subsidiary of Swiss power producer and energy trader Alpiq as the CEO and member of the board of directors.

Magnon Green Energy was known as Ence Energia up until March 2022 when the company was rebranded. Its focus in the renewables sector is on power production from agroforestry biomass. The company operates eight biomass-fired power plants in Spain.

UK infrastructure investment manager Ancala Partners LLP is Magnon's minority partner.

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