Power Sustainable Appoints Delia Cristea as Chief Operating Officer
MONTREAL, Nov. 7, 2024 /PRNewswire/ — Power Sustainable, a leading sustainability-focused alternative asset manager, is pleased to announce the appointment of Delia Cristea as its new Chief Operating Officer (COO). This strategic move underscores the firm’s commitment to growth and its dedication to building a robust and sustainable future.
Cristea, a Partner at Power Sustainable and its General Counsel since its founding in 2020, brings a wealth of experience to this new role. With over 20 years in the financial sector, including a significant tenure at Power Corporation of Canada, she possesses a deep understanding of the industry and a shared commitment with CEO Bruce Heyman to long-term value creation.
“Delia has been a driving force behind this firm’s growth since day one,” said Heyman. “Her unwavering focus on operational efficiency, talent cultivation, and strategic vision were evident from the moment I joined Power Sustainable as Senior Advisor in 2022. I am thrilled to see her step into this new role.”
As COO, Cristea will be responsible for overseeing the day-to-day operations of the firm. She will also continue to work closely with the leadership team to execute Power Sustainable’s strategic vision as the firm enters its next phase of growth.
“We established Power Sustainable because we believe the private sector has the resources, innovation, and entrepreneurial spirit to achieve society’s climate goals,” said Cristea. “We have assembled an exceptional team, and I am eager to support our investment teams as they continue to develop sustainability solutions and deliver lasting value to our clients.”
Olivier Desmarais, Chairman of the Board of Power Sustainable, expressed his confidence in Cristea’s ability to excel in her new role. “Delia has been instrumental to this firm’s success since its inception, and I am certain she will play an equally important role in the years to come.”
Beyond her professional achievements, Cristea is deeply involved in her community. As co-founder of Women in Climate Finance, a program recognized this year as a Top Project by Canada’s Clean50, she is a champion for gender equality in the climate finance sector. She also serves as Chair of Lawyers Without Borders Canada and as an Advisory Board member of Canada2020 and Finance Montreal, demonstrating her unwavering commitment to social responsibility.
About Power Sustainable
Power Sustainable is a sustainability-focused alternative asset manager that invests in companies and projects with the dual goal of generating competitive returns and delivering positive sustainability outcomes. The firm provides institutional investors with access to alternative assets, aiming to accelerate and scale sustainable solutions across various industries.
Power Sustainable is a subsidiary of Power Corporation of Canada (POW), an international management and holding company specializing in financial services in North America, Europe, and Asia. With CAD 3.9B in assets under management (as of June 30, 2024), Power Sustainable is dedicated to catalyzing capital towards clean global solutions.
Learn more about Power Sustainable on LinkedIn and their website.
Contact:
Ian Cameron
Director of Communications
438 308-7697
cameron@powersustainable.com
