Capstone Green Energy Corporation (NASDAQ: CGRN), a global
leader in carbon reduction and on-site resilient green energy
solutions, has appointed John J. Juric as Chief Financial Officer
(CFO), effective March 6, 2023. Juric brings a wealth of experience
in finance and business management to the position, having worked
in senior leadership roles in multiple industries.
“Please join us in welcoming John to our team as Capstone Green
Energy’s new Chief Financial Officer,” said Darren Jamison,
Capstone Green Energy’s President and CEO. “With his extensive
experience in financial strategy, reporting, and business
management, we are confident that he will be instrumental in
driving Capstone’s continued growth and success.”
As the new CFO, John will be responsible for overseeing the
company’s financial operations, including financial reporting,
budgeting, forecasting, and treasury management. He will work
closely with the CEO, executive team, and Board of Directors to
develop and execute financial strategies that align with the
company’s vision and objectives.
“I am excited to join the team at Capstone Green Energy and
contribute to the company’s continued success,” said John Juric,
the new CFO of Capstone Green Energy. “I look forward to leveraging
my experience and working collaboratively with the team to drive
growth and profitability for the company and its shareholders.”
“We are delighted to welcome John as our new Chief Financial
Officer at Capstone Green Energy. With his impressive track record
in finance and business management, we are confident he will
significantly contribute to the company’s management,” said Robert
Flexon, Board of Directors Chairman, Capstone Green Energy. “We
look forward to working with John to leverage his expertise and
develop and execute our financial strategies to drive sustainable
long-term value for our shareholders.”
John has more than 25 years of experience in finance and
business management. Before joining Capstone, he held several
senior finance positions in prominent industries including USALCO,
LLC; Fiberweb, PLC, CIBA Specialty Chemicals and Arco Chemical
Company. John holds a Master of Business Administration degree and
a Bachelor of Science in Accounting degree from West Chester
University and is a Certified Public Accountant.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of
customized microgrid solutions and on-site energy technology
systems focused on helping customers around the globe meet their
environmental, energy savings, and resiliency goals. Capstone Green
Energy focuses on four key business lines. Through its Energy as a
Service (EaaS) business, it offers rental solutions utilizing its
microturbine energy systems and battery storage systems,
comprehensive Factory Protection Plan (FPP) service contracts that
guarantee life-cycle costs, as well as aftermarket parts. Energy
Generation Technologies (EGT) are driven by the Company's
industry-leading, highly efficient, low-emission, resilient
microturbine energy systems offering scalable solutions in addition
to a broad range of customer-tailored solutions, including hybrid
energy systems and larger frame industrial turbines. The Energy
Storage Solutions (ESS) business line designs and installs
microgrid storage systems creating customized solutions using a
combination of battery technologies and monitoring software.
Through Hydrogen & Sustainable Products (H2S), Capstone Green
Energy offers customers a variety of hydrogen products, including
the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries
and estimates that in FY22, it saved customers over $213 million in
annual energy costs and approximately 388,000 tons of carbon. Over
the last four years, total savings are estimated to be
approximately $911 million in energy savings and approximately
1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone
offers rental systems; for more information, contact:
rentals@CGRNenergy.com.
For more information about the Company, please visit
www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on
Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding growth and profitability expectations and
other statements regarding the Company's expectations, beliefs,
plans, intentions, and strategies. The Company has tried to
identify these forward-looking statements by using words such as
"expect," "anticipate," "believe," "could," "should," "estimate,"
"intend," "may," "will," "plan," "goal" and similar terms and
phrases, but such words, terms and phrases are not the exclusive
means of identifying such statements. Actual results, performance
and achievements could differ materially from those expressed in,
or implied by, these forward-looking statements due to a variety of
risks, uncertainties and other factors, including, but not limited
to, the following: the integration of the new chief financial
officer into our management team and his success in developing and
executing financial strategies; the ongoing effects of the COVID-19
pandemic; the availability of credit and compliance with the
agreements governing the Company's indebtedness; the Company's
ability to develop new products and enhance existing products;
product quality issues, including the adequacy of reserves therefor
and warranty cost exposure; intense competition; financial
performance of the oil and natural gas industry and other general
business, industry and economic conditions; the Company's ability
to adequately protect its intellectual property rights; and
departures and other changes in management and other key employees.
For a detailed discussion of factors that could affect the
Company's future operating results, please see the Company's
filings with the Securities and Exchange Commission, including the
disclosures under "Risk Factors" in those filings. Except as
expressly required by the federal securities laws, the Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, changed
circumstances or future events, or for any other reason.
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Capstone Green Energy Investor and investment media inquiries:
818-407-3628 ir@CGRNenergy.com
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