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.”
As Chief Investment Officer over the past three years, Morel developed the Green Bank’s investment strategy and catalyzed clean energy investment into the County by over $30 million. Under his leadership, the Green Bank now offers flexible financing options to accommodate complex financing needs. “I’m honored for the opportunity to lead the Montgomery County Green Bank as Chief Executive Officer,” Morel says, “I’m looking forward to supporting talented and driven colleagues deliver on new, innovative, and catalytic climate solutions as we move into our next phase.”
Prior to his position as the Chief Investment Officer of Montgomery County Green Bank, Morel led a financial consulting company dedicated to connecting infrastructure developers with debt and equity financing sources. Morel began his financial career in project and investment banking at Taylor-DeJongh and Friedman, Billings, Ramsey. “Steve has been fundamental to the Green Bank’s success. He has brought innovation, creativity, and discipline to the execution of the Green Bank’s investment strategy. Steve is perfectly suited to take the Green Bank to new levels of engagement with the community and supporting investments to meet the County’s Climate Action Plan goals,” says former Green Bank CEO, Tom Deyo.
About the Montgomery County Green Bank: The Montgomery County Green Bank is an independent, 501(c)(3) nonprofit dedicated to helping businesses and residents affordably implement energy efficiency and clean energy solutions. The Montgomery County Green Bank supports Montgomery County, MD by driving investment into energy efficiency and clean energy through lending and investment partners in the region. These efforts include working with homeowners, renters, and commercial entities of all varieties. For more information, visit www.mcgreenbank.org.