Paul Massara, CEO, Northstar Solar
Mr. Paul Massara is CEO of Northstar Solar a solar and battery business and is a member of the Committee on Fuel Poverty advising the Secretary of State for Energy on energy strategy.
He has extensive experience in the energy and service sectors in Europe and North America, with commercial and financial expertise, and a track record of developing, communicating and executing changes that deliver long-term, sustainable shareholder value at large-scale companies. His extensive experience spans deregulating energy markets across the entire value chain, government relations, stakeholder management, and private equity.
Prior to his current role he was CEO of RWE npower,and served on the Executive Committee of RWE AG as well as being the Country Chair for RWE in the UK responsible for all Government and policy issues. As member of the RWE Retail Board, he was responsible for coordinating 23 million B2C customers. Mr. Massara led the RWE response to the CMA investigation in 2014 – 2015, improved overall performance, customer and employee satisfaction, reduced costs and compliance issues, and led the digitalization of RWE in the UK and Europe.
Before joining RWE npower in 2011, and following a distinguished career in Canada, Mr. Massara transitioned back to the UK, providing consulting services for a number of businesses and charities. He co-founded Oxford House Research in 2010 that worked with the Oxford University’s Politics Department to study issues related to politics and faith.
Previously, Mr. Massara was President and Founding Partner of Genesis Capital Corporation (2006 – 2009). Based in Toronto, Genesis was a Canadian private equity company investing funds in small and medium sized industrial businesses. He acquired and financed 3 business at an average of 3.5x EBITDA, over a 3 year period (all around $20MM in revenue). Exiting two of the businesses, Mr. Massara retained one, became its CEO and returned the business to profitability.
From 1997 to 2005, Mr. Massara held a variety of positions with increasing responsibility with Centrica plc, Direct Energy North America, in Toronto. His tenure there culminated in his role as President of Canadian Operations and serving as a Member of the North American Board and the North America Executive Committee. His leadership enhanced the Company’s growth from $700,000MM to $2.7Bn, and from 600 to 3,000 employees.
Mr. Massara was also Non-Executive Chairman of the Toronto Board of Trade, where he successfully lobbied for a $55B infrastructure investment in transit across Ontario, a review of the City of Toronto Airport, and was courted to run for Parliament in Ontario. He was appointed to serve on the Toronto Mayor’s Fiscal Review Panel, and held several board memberships.
He is Chair of Medicinema, a charity focused on enhancing patient wellbeing by building cinemas in hospitals.
Mr. Massara earned his BSC in Geography (Honors) from Kingston University, and his Master in Corporate Finance from the London Business School. He is a British and Canadian citizen, has two children, and enjoys cycling and tennis.
The levelised cost of renewable electricity in the UK has been falling and the recent pledge by the Government to increasing clean energy investment support for renewable projects was set at £730 million each year to 2020. The session will look into the state of the UK’s decentralised renewable energy infrastructure market. It will address […]