ACO Team

Hari Achuthan – Chairman and CEO

Hari Achuthan is the Founder, Chairman and Chief Executive Officer of ACO Investment Group and Convalt Energy. Prior to founding ACO and Convalt, Hari was a Director at Credit Suisse Asset Management in the Alternative Investment group, where he covered hedge fund, real estate and private equity strategies. Prior to this, he worked at Credit Suisse Securities (USA) LLC, where he led the group’s global pension strategy and transition management business.

In 2009, Hari was selected as one of the emerging leaders at Credit Suisse Asset Management and named one of the “Rising Stars in Public Pensions” by Money Management Letter. During his tenure at Credit Suisse Securities (USA) LLC, the firm was consistently ranked as a top provider of pension strategies and transition management services.

Hari has a B.S. in Applied Economics from Hofstra University. He has volunteered with the Jacksonville Police Athletic League and is a frequent guest lecturer at Louisiana State University School of Business. Hari has also authored a series of papers on the transition management industry which have been published in Institutional Investor and Pensions & Investments.

Clas Rönnlöv – Director

Clas Rönnlov is a Director at ACO Investment Group and a Director of Corporate Finance at Convalt Energy. Clas is a former Citigroup executive who has spent more than 27 years at Citigroup as a senior banker. His experiences include being Citi Country Officer and Managing Director for Citi in Sweden from 2006 – 2014. Clas was also the Citi Corporate Officer and Managing Director with full P&L responsibility, as well as responsible for marketing, risk, compliance and control and overseeing all of Citi’s operations in Sweden.

From 2004 – 2014, Clas was head of Banking and responsible for marketing Citi’s products to Swedish clients globally while also performing the role of Risk Officer with sign off for all Swedish clients.

Clas was educated at Stockholm University where he completed his degree in Macroeconomics in 1987. Clas was on the board of Swedish Banker’s Association from 2008 – 2014, American Chamber of Commerce since 2012, Ivaldi, Ivaldi Master, MSK and Armas since 2012 and GotaTraneberg Ice Hockey Club from 2008 – 2014.

Thomas Baier – Chief Financial Officer

Thomas Baier joined Convalt Energy and its parent company ACO Investment Group as CFO in September of 2015. Thomas gathered more than 15 years of international investment banking experience with HVB / UniCredit in Munich and London followed by more than 5 years of international management experience with REC, a publicly listed renewable energy corporate in Singapore and Munich. With prior experiences in implementing Project Finance / Portfolio Management for large transactions, he combines extensive multi sector & renewable energy experience with deep understanding of asset, risk management and due diligence processes. Thomas managed debt portfolios exceeding EUR 500mm which included the banking / guarantor syndicate chair for one of bank’s biggest ever project finance underwritings.

Since 2013, he acted as Group Treasurer for REC Solar ASA in Singapore, where he successfully ramped up group functions from a standing start. His task list also included group function for Tax, Insurance and APAC Project Finance. One of his key achievements was the creation of the financing and due diligence structure for a PPA based C&I Solar PV roof top fund in Singapore. Prior to becoming a Group Treasurer, as Global Head of Project Finance, Thomas was member of REC Systems’ Management Team which included global cash flow modeling responsibility. In less than 2 years, Thomas managed to successfully complete the M&A sell side and non-recourse debt arranging processes for four Solar PV projects across Europe.

Thomas has a broad network of connections with banks, investors and renewable energy players in Europe and Asia and acted as a panelist on various European and Asian investor events. He holds a Munich University Law Degree and a German Certified Bank Clerk Degree.

Christopher Korzonkiewicz – Chief Administrative Officer

Christopher Korzonkiewicz is the Chief Administrative Officer at ACO Investment Group and Convalt Energy. Prior to joining ACO, Chris was employed at TIG Advisors as a senior trader where he was responsible for the execution of equities, futures, derivatives, commodities, and foreign exchange. He collaborated and co-built a global centralized trading desk and co-designed portfolio software that was applied throughout the firm.

Previously, Chris had worked at the New York Mercantile Exchange trading energy products where he managed an alpha generation strategy in energy futures. From 2006 to 2008, he was a global equity trader for Cotton Hall Asset Management. During the firm’s inception, he established and managed the operations and back office. Prior to joining Cotton Hall Asset Management, he was employed by Tiedemann Investment Group which he joined in August 2000. He has vast experience in the global equity markets including arbitrage related deals.

Chris has an MBA in Finance and a B.S. in Accounting from Hofstra University. He played four years of Division I Lacrosse while attending the university. Additionally, he holds a Certificate in Financial Risk Management from New York University. Chris is a dual citizen of both the United States and Switzerland.

Wins Tunnitisupawong – Vice President

Wins Tunnitisupawong is a Vice President of Business Development for South East Asia at ACO Investment Group and is a Director of Convalt Energy, a subsidiary of ACO’s portfolio company. Wins will be focusing on the business growth and strategies of Convalt Energy within Southeast Asia. Prior to joining ACO Investment Group, Wins held multiple management roles within the energy and electrical distribution sectors with the most recent as General Manager of Rexel Thailand.

Initially starting his career through GE’s Commercial Leadership Program in 2002, he went on hold commercial and management positions at GE Industrial Systems, GE Energy, GE Supply and Rexel. Throughout his career Wins specialized in utilizing variable frequency drives, solar and LED lighting technologies to support utilities, architectural engineering firms, oil & gas companies and EPC companies, to maximize energy efficiency for their customers. Wins holds a B.S. in Industrial Engineering from the University of Washington in Seattle, U.S.A and an MBA in International Business from the University of Hawaii at Manoa.

Tord Thott – Business Development, Global

Tord Thott is responsible for Business Development at ACO Investment Group and Convalt Energy. Prior to ACO, Tord founded Corfitz Media, a digital strategy and identity firm based in Stockholm.

Tord also was an intern at Volontaire, a Swedish advertising agency. Some of Tord’s designs and solutions can be seen in the award winning PR - success Curators of Sweden by Volontaire.

At the age of 16, Tord founded Symbioz SE, which offered solutions for the needs of small to medium sized companies to identify and profile technology installations. Tord graduated from Sunds Sigma Collage of Technology with a focus on Project Management and Technology and Lund University.

Thirumoorthy Ramachandran – Managing Director

Thirumoorthy Ramachandran is a Managing Director of ACO Investment Group and head of Convalt Energy’s India operations. Thiru has over 30 years of experience in the power sector in India. He also serves as a renewable sector advisor for Larsen & Toubro, one of the largest EPC firms in India.

He has sourced more than 15 solar transactions for his previous employer, Sterling & Wilson, a company owned by the Shapoorji Pallonji Group. He has developed an extensive network across India in the power sector and has delivered power solutions for corporate and government entities.

Jarmo Lähteenmäki – Legal Counsel & Senior Advisor

Jarmo Lähteenmäki is the owner and the Executive Director of Law Office Jarmo Ltd, Helsinki, Finland. The company was founded at the beginning of 2007 and it specializes in international agreement law, environment and climate law, international labor and company law and international code of conducts (UN and ILO).

Prior to setting up a Law Office, Jarmo has accumulated over 20 years of experience in Environment, Health and Safety regulation (EHS), industrial relations and human rights affairs. Jarmo has an active network and connections to Finnish political decision-makers in regional and national level. For ten years (1993-2003) he has been a member of the board of the biggest Finnish pension fund Varma with a balance sheet of €38 billion (2013). In addition Jarmo has been a member of the Finnish labour court for four years alongside with his work. Jarmo is a Licentiate in Law (University of Helsinki) and he has a French-English LL.M Diploma (KUB University of Brussels). Jarmo has a wide business network in Scandinavian countries especially in Norway and he has worked for five years in Brussels and acquired an in depth knowledge on EU law and EU institutions.

Since 2008 Jarmo has been active in South-East Asia and Russia. Jarmo has been a member of the ministerial commercial delegation to Vietnam and has been a member to the first Finnish commerce delegation set up by the Foreign Ministry of Finland to Myanmar after the sanctions were partly lifted by the EU. Jarmo has had challenging projects, in addition to the ones mentioned above, in several fields of action in Uruguay, Argentina, South-Africa, Russia and France.

K. M. Balasubramanium – Director, India Operations

K.M. Balasubramaniam, is a Director of Indian operations at ACO Investment Group and Convalt Energy. He is primarily focused on business development along with management responsibilities including sourcing of transactions, client relationship management and government relations.

From his previous experiences, K.M. has had extensive exposure to Infrastructure Industries within India managing, identifying projects and building relationships with Industries and Government Authorities to secure projects for the companies he worked for. His experiences included obtaining the necessary permits and licenses in addition to sourcing transactions.

K.M. has worked for Dodsal Limited, Punj Lloyd Ltd., Olex Pty, Australia and Gammon, His expertise spans across Energy & Power and Oil & Gas sectors. His relationships with Senior Management of Public Sector Undertakings and Central Government departments were critical to the success and thereby appreciated by the management of the companies he worked for.

K.M. is a Science Graduate from Osmania University, Hyderabad, India and possesses linguistic abilities in most of the Southern Indian Languages. His other interests are in community development and working with charitable organizations for Education and Human Resources Training.