The Montgomery County Green Bank (Green Bank) announced that Stephen Morel has been appointed the new Chief Executive Officer. Stephen Morel, who has been serving as the Green Bank’s Chief Investment Officer since 2019, will succeed Tom Deyo, the Green Bank’s inaugural Chief Executive Officer. Deyo announced his resignation as the Green Bank’s CEO in March and will serve as the interim Chief Operations Officer until July 1, 2023.
Per the press release: Morel has a professional background in entrepreneurial leadership as well as in corporate and project finance, with a particular interest in public-private institutions and catalyzing investment into high impact sectors. Morel brings his proven skills in business management and investment structuring to the Montgomery County Green Bank with the intent to more rapidly make clean energy and climate-resilient solutions accessible to and affordable for all in Montgomery County. “Steve has a record of strong leadership as the Montgomery County Green Bank’s previous Chief Investment Officer and in his preceding roles,” says Bonnie Norman, Montgomery County Green Bank Board Chair. “His unique investment background combined with his commitment to the Green Bank’s mission makes Steve ideally suited for our ambitious next chapter of scale, scope and impact.”