TORONTO - Schneider Power Inc., a private Toronto-based renewable energy company, says it has hired Jonathan Lundy, a former executive with hydrogen fuel cell and fueling company Hydrogenics Corp. (TSX:HYG), as its new CEO.

Lundy succeeds Thomas Schneider, the founder of the company, who will continue as vice-chairman and president, Schneider Power said Tuesday.

The appointment is effective immediately and aligns with Schneider Power's growth planning process.

Lundy joins Schneider Power from Hydrogenics, a Toronto-area alternativre energy company where he was most recently president of power systems.

The company said Lundy will focus on expansion of Schneider Power's North American renewable power market penetration and the continued growth of its operating subsidiaries.

Schneider Power has more than 1,735 megawatts of potential wind and solar energy capacity in North America and has a stake in German wind power projects.

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