Greenbacker Names Daniel de Boer as New CEO

Executive compensation includes multimillion-dollar equity packages and long-term performance incentives.

August 29, 2025

Leadership Changes Effective September 1

Greenbacker Renewable Energy is solidifying its executive team. Effective September 1, 2025, Daniel de Boer will become Chief Executive Officer and Carl Weatherley-White will step into the role of Chief Financial Officer. Both have been serving in interim positions since earlier this year.

De Boer, 40, was initially brought on as Interim CEO in April 2025. Before joining Greenbacker in December 2023, he led renewable investments at Allianz Capital Partners of America, overseeing strategy and execution across the firm’s sustainable infrastructure platform. With a BA from Yale and an MBA from Wharton, he’s built a career focused on energy and infrastructure.

CEO Compensation and Equity Awards

He’ll receive a $650,000 base salary, with eligibility for a performance-based annual bonus equal to 115% of that amount. His compensation also includes a one-time grant of approximately 197,000 restricted stock units (RSUs) —half of which vest immediately, with the remainder spread across three years.

De Boer’s long-term equity grant adds another 196,000 RSUs, split between time-based and performance-based awards. The performance portion vests if certain targets are met between 2025 and 2027, with full vesting contingent on continued employment through early 2028.

He’s also joining Greenbacker’s board, replacing Charles Wheeler, and will participate in the company’s Executive Protection Plan at the Tier A level.

CFO Appointment and Compensation

Weatherley-White will take on the CFO role after serving as Interim CFO since January 2025. He joined Greenbacker in February following a five-year run as Head of Renewable Investments at Advantage Capital. His background also includes executive leadership at VivoPower International and senior structured finance roles at Barclays Capital, Lehman Brothers, and Credit Suisse.

His base salary is set at $500,000, with a target bonus equal to that amount. Greenbacker will also provide a one-time $30,000 bonus to recognize his expanded responsibilities during the interim period.

On top of that, Weatherley-White will receive equity grants totaling just over 200,000 RSUs, allocated between time-based and performance-based tranches. Like de Boer, he’ll participate in the Executive Protection Plan and is subject to confidentiality and non-solicitation provisions.

Additional Terms and Next Steps

Both executives have signed offer letters outlining the terms of their compensation and responsibilities. Greenbacker will cover the legal costs associated with reviewing and finalizing these agreements. The company plans to include full documentation in its next Form 10-Q.

This marks a clear move toward long-term leadership continuity as Greenbacker continues to scale its presence in the renewable energy sector.