Mr Reynolds will be replaced as chairman by Hein Poulus, a current director of the company.

Mr Leighton is a senior executive with more than 20 years of experience in leadership roles within the energy industry who specializes in execution and delivering results. He was most recently the COO and prior to that the CFO of Accenture Business Services for Utilities, and was also a founding executive of the predecessor company, CustomerWorks Limited Partnership.

Jason Bak, CEO and founder of Finavera Renewables, said: Mr Leighton is an important addition with strong power sector experience and invaluable management expertise who will be focused on moving our project portfolio towards construction and maximizing asset value.