Cloverland Electric Names Lisa Castilho as Chief Financial Officer

Posted: October 2, 2020 at 8:00 am

SAULT STE. MARIE, Mich.— Lisa Castilho has been named Chief Financial Officer (CFO) for Cloverland Electric Cooperative, effective September 28. Castilho joined the cooperative as Accounting Manager in 2019. Former CFO & Director of Power Marketing & Regulatory Affairs, Aaron Wallin, resigned from the cooperative to return to family in Green Bay.

Castilho is a senior finance executive with over 25 years of experience in both private and public organizations. Her background spans a variety of industries including government, non-profit organizations, media production, hospitality, business-to-business (B2B) services, travel, healthcare and public accounting. She has a successful track record in managing all aspects of financial operations, including treasury/cash management, budgeting and forecasting, financial reporting and risk management.

“We are very fortunate to have Lisa’s extensive experience to continue strengthening the co-op’s financial position,” said Cloverland’s President and Chief Executive Officer Mike Heise. “She has already made a positive impact and I know she’ll continue to do terrific work as CFO.”

Castilho has extensive family roots in the Eastern Upper Peninsula. Prior to moving to the area in 2019, Castilho was stationed in Rio de Janeiro, Brazil as a Vice Consul for the U.S. State Department.

“I love the living in the U.P. and being part of the Cloverland family,” said Castilho. “I am excited about my new assignment to manage the finance functions of the cooperative to ensure that we build and maintain a stable financial future for our membership.”

Castilho has been a licensed Certified Public Accountant (CPA) in several states. She holds a Master of Business Administration (MBA) with a concentration in accounting from the University of Tampa and an undergraduate accounting degree from California State University at Fullerton. She is highly skilled at developing, implementing, and monitoring financial controls, accounting procedures and policies to ensure compliance with organizational and regulatory requirements, generally accepted accounting principles and federal, state and local laws.

Cloverland Electric Cooperative is a not-for-profit, member-owned utility located in Michigan’s Upper Peninsula. It serves over 43,000 homes and businesses in Chippewa, Delta, Mackinac, Luce, and Schoolcraft counties.