Plug Power Announces Changes to Board of Directors
10 Julho 2023 - 5:12PM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of comprehensive
hydrogen solutions for the global green hydrogen economy, today
announced changes to its Board of Directors. With strong
backgrounds in technology transformation, entrepreneurship, and
innovation, Patrick Joggerst and Mark Bonney join the company’s
Board effective immediately to help propel Plug to the next phase
of its growth as a vertically integrated green hydrogen company.
Additionally, Mr. Bonney will chair Plug’s audit committee.
Mr. Joggerst brings more than 40 years of
expertise and experience as an executive-level leader navigating
complex transformations. Throughout his career in telecom
infrastructure and services, Mr. Joggerst played a key role in
spearheading significant technology transformations, including
AT&T’s international connectivity transition from satellite to
undersea fiber, the transition from landline to mobile at companies
such as PrimeCo, Telcordia, and Aricent, and the globalization of
services and supply chains for numerous companies. He currently
serves as Principal and Founder of J2 Consulting, a management
consulting firm focused on organizational transformation and sales
acceleration.
Mr. Bonney brings a wealth of experience in
finance, strategy, and executive leadership, having served various
executive roles and as a director for several prominent public
companies. He currently holds the position of President and CEO at
On Board Advisors, LLC, a renowned financial and strategic advisory
firm. Mr. Bonney's expertise has proven invaluable in driving
growth and delivering strategic insights to organizations across
industries. Mr. Bonney currently serves on the board of TileShop
Holdings Inc., and has served as a director and, or, held executive
positions at esteemed companies such as SeaChange International,
Inc., MRV Communications, Inc., Sigma Designs, Inc., Direct Brands,
Inc., JDS Uniphase Corporation, American Bank Note Holographics,
Inc., Axsys Technologies, Inc., and Zygo Corporation. Throughout
his career, Mr. Bonney has demonstrated exceptional leadership,
financial acumen, and strategic vision.
In addition, Jean Bua and Jonathan Silver stepped down from
Plug’s Board of Directors effective immediately. Mr. Silver will
assume a new role as consultant to Plug.
“On behalf of the Plug Power team, we are
extremely grateful for the contributions of Jean Bua and Jonathan
Silver to the company’s Board, and we are excited to welcome
Patrick Joggerst and Mark Bonney to the Board. As we continue to
execute on building the preeminent green hydrogen company, they
will add critical new dimensions to our Board’s expertise in the
areas of technology transformation, entrepreneurship, and
innovation,” said Andy Marsh, Plug’s CEO.
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from
production, storage and delivery to energy generation, to help its
customers meet their business goals and decarbonize the economy. In
creating the first commercially viable market for hydrogen fuel
cell technology, the company has deployed more than 60,000 fuel
cell systems and over 180 fueling stations, more than anyone else
in the world, and is the largest buyer of liquid hydrogen. With
plans to build and operate a green hydrogen highway across North
America and Europe, Plug is operating a state-of-the-art
Gigafactory to produce electrolyzers and fuel cells, and is
commissioning multiple green hydrogen production plants that will
yield 500 tons of liquid green hydrogen daily by year end 2025.
Plug will deliver its green hydrogen solutions directly to its
customers and through joint venture partners into multiple
environments, including material handling, e-mobility, power
generation, and industrial applications. For more information,
visit www.plugpower.com.
Safe Harbor StatementThis communication
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995 that involve
significant risks and uncertainties about Plug Power Inc. (“PLUG”),
including but not limited to statements about PLUG’s newly
appointed directors and PLUG’s expectation in continuing to execute
on building a preeminent green hydrogen company. Such statements
are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
these statements, including that Plug continues to incur losses and
might never achieve or maintain profitability, that Plug will need
to raise additional capital to fund its operations and such capital
may not be available to the company, global economic uncertainty,
including inflationary pressures, fluctuating interest rates, bank
failure, and supply chain disruptions, and that Plug’s lack of
extensive experience in manufacturing and marketing of certain of
its products may impact its ability to manufacture and market
products on a profitable and large-scale commercial basis. For a
further description of the risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of PLUG in general, see PLUG’s public filings with the
Securities and Exchange Commission (the “SEC”), including the “Risk
Factors” section of PLUG’s Annual Report on Form 10-K for the year
ended December 31, 2022, PLUG’s Quarterly Report on Form 10-Q for
the quarter ended March 31, 2023, and any subsequent filings with
the SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements are made
as of the date hereof, and PLUG undertakes no obligation to update
such statements as a result of new information.
MEDIA CONTACT
Kristin MonroeAllison+PartnersplugPR@allisonpr.com
Plug Power (NASDAQ:PLUG)
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