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Clark and Thunell join Fisterra's board

NEW YORK (AP) -- General Wesley Clark and Lars Thunell have joined Fisterra Energy's board to help lead the newly formed power development company.

Clark is former NATO Supreme Allied Commander in Europe and Thunell is the former head of the International Finance Corp. — the financing arm of the World Bank.

Fisterra is owned by private equity firm The Blackstone Group LP. The company was created earlier this year to identify and develop independent power projects. It has a focus on projects in Latin America, Europe and the Middle East.

Clark and Thunell will also serve as senior advisers to Blackstone with a focus on the firm's private equity activities in the energy sector.

Blackstone shares were down 17 cents at $21.42 in morning trading.