Kedco FD Gerry Madden takes CEO role

KEDCO finance director Gerry Madden has been promoted to CEO.

Madden, who joined Kedco in 2007 after spending 16 years with KPMG, has served as interim CEO since March 2011.

He led the renewable energy operator through its proposed capital restructuring, as well as its landmark sale of electricity from its Newry biomass power plant.

After joining Kedco, he played a key role in its AIM listing in October 2008.

Dermot O’Connell, chairman of Kedco, commented: “He has exactly the right combination of senior management experience, financial expertise, project development knowledge and commercial know-how to ensure that we maximise the value of Kedco’s assets as we move from renewable project development to production and commercial development of our project assets.”

Madden will serve as interim CFO until an appointment is made.

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