Ascendant Group Limited announced the appointment of Mr. Mark Takahashi as Senior Vice President & Chief Financial Officer (CFO) of Ascendant Group Limited with immediate effect.

Walter M. Higgins, Ascendant Group President & Chief Executive Officer, said, As Ascendant Group embarks on a period of change within our business and Bermudas energy and infrastructure fields, we are confident that Marks background will be an asset. He brings a wealth of experience in long-term planning for capital expenditures, corporate and project finance, treasury, internal controls, risk management, investor relations, pension fund management, financial reporting and business planning.

Mr. Takahashi has more than 25 years of international experience in power industry finance, as well as a background in engineering. He joins Ascendant Group from CLP Holdings Limited, Hong Kong, where he served as Group Director and CFO. Prior to this assignment, he was responsible for CLP HoldingsSoutheast Asia business as Managing Director of OneEnergy Limited, a joint venture of CLP Holdings and Mitsubishi Corporation. CLP Holdings is one of the largest regional electric power companies in Asia with businesses in Hong Kong, China, India, Australia and Southeast Asia.


His previous experience includes positions at Bechtel Enterprises and InterGen, primarily related to the development and financing of greenfield power projects in the United States and Asia. He started his career at Fluor Corporation, where he was a cost and scheduling engineer. Mr. Takahashi, who was born in Hawaii, holds a Bachelor of Science Degree in Civil Engineering from the University of Colorado and a Masters Business Administration from Wharton School, University of Pennsylvania.