Energy Focus Appoints Tod Nestor as President and Chief Financial Officer
27 Junho 2019 - 9:00AM
Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting
technologies, today announced that Tod A. Nestor will join the
company as its President, Chief Financial Officer and Secretary on
July 1, 2019.
Mr. Nestor is a senior operating and financial executive with
over 30 years of strategic leadership in corporate finance,
business strategy, mergers and acquisitions, and turnarounds with
public and privately-held companies. He brings to Energy Focus
global financial and operational management experience from
startups to Fortune 500 companies across multiple industries.
From 2017 to 2018, Mr. Nestor served as Executive Vice President
and Chief Financial Officer of Alumni Ventures Group, a Manchester,
New Hampshire based venture capital firm with the most active
global transaction volume according to PitchBook. Between 2013 and
2016, Mr. Nestor served as the Chief Financial Officer of Merchants
Automotive Group, Inc., a privately held, $300 million fleet
management, short-term rental, automobile retail and consumer
financing company.
Previously, Mr. Nestor also served as Senior Vice President and
Chief Financial Officer of The Penn Traffic Company, a $1.5 billion
publicly traded grocery distribution company, and Chief Financial
Officer for Fairway Holdings Corp., a privately held, $750 million
iconic grocery store chain based in the greater New York City
region. Earlier in his career, Mr. Nestor held other senior
leadership roles across a wide array of functions in large
organizations such as American Eagle Outfitters, HJ Heinz, and WR
Grace.
Mr. Nestor received a Bachelor of Business Administration degree
in Accounting from the University of Notre Dame and an MBA in
Finance and Entrepreneurial Management from The Wharton School of
the University of Pennsylvania. He is also a licensed
Certified Public Accountant (CPA), Certified Management Account
(CMA), Certified Financial Manager (CFM), and Chartered Financial
Analyst (CFA).
"We are thrilled to have an entrepreneurial and exceptional
leader such as Tod join us as we continue to execute our growth
plans post recent management transition beginning this past April,”
said James Tu, Chairman and CEO of Energy Focus. “Tod’s
multifaceted financial management experience coupled with highly
successful execution history in companies from a wide range of
industries — from venture capital to consumer products, and from
services to technologies — will significantly strengthen our
financial operations and internal processes and help realize Energy
Focus’ vision to become a trusted and impactful LED lighting
leader.”
“I am very honored and excited to join James and the entire team
to build Energy Focus into a pre-eminent LED lighting company in
the world,” said Mr. Nestor. “The Company has the highest quality
products and the most customer-centric innovations in an industry
that has now become mainstream with customers. I look forward to
building top-tier finance and other functional teams with
passionate and talented people as well as rigorous processes and
systems to support our ambitious goals.”
About Energy Focus, Inc.
Energy Focus is an industry-leading innovator of
energy-efficient LED lighting technologies. As the pioneer of
direct-wire LED tubes and creator of the first UL-verified low
flicker LED products, Energy Focus products provide extensive
energy and maintenance savings, and aesthetics, safety, health, and
sustainability benefits over conventional lighting. Since 2007, the
accumulated failure rate of our LED products has been well less
than 0.1%, meaning over 99.9% of the millions of products we sold
are still working today. Our customers include U.S. and foreign
navies, U.S. federal, state and local governments, healthcare and
educational institutions as well as Fortune 500 companies.
Energy Focus is headquartered in Solon, Ohio. To learn more
about Energy Focus, please call 1-800-327-7877 or visit
www.energyfocus.com.
Media Contact:Ashley TolfoEnergy Focus,
Inc.(800) 327-7877atolfo@energyfocus.com
Investor Contacts:Satya ChillaraDarrow
Associates, Inc.(510) 396-2776ir@energyfocus.com
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