Renew Financial, the inventor of Property Assessed Clean Energy (PACE) financing and a leading provider of financing for home improvements, announced last it has appointed Kirk Inglis, currently Renew Financial’s CFO, as its new CEO. According to Renew, Inglis has more than 20 years of experience in financial services and technology with expertise in consumer lending. For the past three years, he has served as Renew Financial’s CFO, expanding the company’s capital markets, financial operations, accounting and FP&A functions. Prior to that, he held the same role at Calypso Technology and also served as Chief Operating Officer and CFO at Prosper Marketplace. Former CEO of Renew, Cisco DeVries, stated:
“Over the past decade, Renew Financial grew from three people sharing one small office to 300 employees across five states. So far, we’ve financed $1.5 billion in projects and helped more than 90,000 American families to live more efficiently, comfortably and securely. As we enter our next phase of growth, I chose to initiate this transition because I can’t think of a better person to lead our company than Kirk Inglis. He combines a keen understanding of what it takes to build a consumer lending business with a rock-solid commitment to our mission.”
Speaking about his new role at Renew, Inglis shared:
“I’m honored to step into this new role and glad I will have an opportunity to continue working alongside Cisco to grow our business. Cisco built a tremendous team here at Renew Financial, all committed to the same mission: empowering property owners with a free-market financing option that saves energy, creates jobs and reduces carbon emissions. The most effective way for us to achieve that mission is to continue our growth. For more than a decade, homeowners have trusted us to help them make critical home improvements. By increasing efficiency and execution across the company, we can continue to be that trusted partner for many years to come.”
Founded in 2008, Renew describes itself as an innovative, low-cost financing solution that helps homeowners make improvements that dramatically reduce their energy and water use — and repay on their property taxes. The company noted it has combined affordable financing with a sophisticated technology platform that makes it easy for contractors and homeowners to make the switch to cleaner, more efficient energy.