CGRN - Capstone Green Energy names Flexon as interim CEO after Jamison resigns

2023-08-14 08:54:45 ET

Capstone Green Energy ( NASDAQ: CGRN ) said Monday that President and CEO Darren Jamison has resigned from the company, to be replaced on an interim basis by Chairman Robert Flexon, who was elevated to Executive Chairman; no explanation was provided.

Jamison joined Capstone ( CGRN ) in 2006 as President and CEO after serving as President and COO of wind turbine maker Northern Power Systems.

Flexon currently is board chair of PG&E and serves on the ERCOT board of directors; prior to focusing on board service, he was President and CEO of Dynegy for seven years, CEO and CFO of Foster Wheeler, and CFO and COO of NRG.

More on Capstone Green Energy:

• Financial and valuation comparison to sector peers
• Analysis: Capstone Green Energy: Still Waiting For Debt Issues And Future Capital Needs To Be Addressed
• Stock price return: Down 43.5% YTD, down 69.5% in the past 12 months

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