Baar-Zug, Switzerland, October 28, 2021
- After seven years as Founding CEO of Blue Earth Capital AG (“BlueEarth”), Urs Baumann will leave the company on May 31, 2022. He was appointed today as the new CEO of Zürcher Kantonalbank, the fourth largest bank in Switzerland.
- With the systematic reinforcement of the board, executive management and investment committee levels, the continued expansion of the investment teams and support of the founders, including Urs Wietlisbach and Urs Baumann, a smooth transition in leadership is ensured. BlueEarth does not expect any adverse impact on the day-to-day business or investment activities.
- Urs Baumann will remain associated with BlueEarth as an advisor to the Board of Directors and as an investor in the funds.
Urs Baumann will support the smooth transition in the operational management of BlueEarth as CEO until May 31, 2022 and thereafter as advisor to the Board of Directors until further notice. The Board of Directors has initiated the succession process. The new CEO will be announced in due course.
Urs Wietlisbach, co-founder and Chairman of the Board of BlueEarth: “We very much regret that Urs Baumann is leaving BlueEarth but are delighted for him on his appointment as the new CEO of Zürcher Kantonalbank. This appointment is a testament to Urs’ track record as an entrepreneur in the financial services industry and the strong position BlueEarth has achieved in the sustainable investment market under his leadership. We have initiated the necessary measures to ensure a smooth transition in leadership. We will continue to pursue our vision to become a respected and admired leader in the field of impact investing.”
Urs Baumann: “I am proud of what we have achieved since our founding in 2015. I would like to thank my colleagues who have helped build this fantastic company. It has been an honour for me to be at the helm of BlueEarth and to work with such dedicated and inspiring people. I am proud that our company is in solid shape and extremely well positioned to capitalize on the growing demand for private market investments with real and authentic impact. I am confident that BlueEarth will continue to thrive and achieve its vision. My most important task now is to ensure a smooth transition. As a co-founder, investor in our funds and advisor to the Board of Directors, I will remain connected to the company after I leave and contribute to BlueEarth’s continued success to the extent possible in my new role.”
Co-Founder & CEO
Tel: +41 41 784 64 49
About Blue Earth Capital
Blue Earth Capital is an independent global impact investment firm, headquartered in Baar-Zug, Switzerland with operations in New York, London and Singapore. It manages investment strategies for an international clientele of professional investors who are seeking investment solutions that offer market-rate returns, while also helping to address pressing social or environmental challenges.
Initiated in 2015 by Urs Wietlisbach and backed by the Wietlisbach Foundation, Blue Earth Capital has been incubated and built-up with the support of Partners Group, leveraging its experience as a leading global private markets firm.
Blue Earth Capital is fully owned by Blue Earth Foundation, a Swiss not-for-profit organization which protects the impact mission of Blue Earth Capital and re-invests 100% of the firm’s operating profits in support of its philanthropic activities.