(Source: Shutterstock.com)
Capstone Green Energy Corp. Darren Jamison has resigned as president, CEO and board member after 16 years effective Aug. 22.
Robert C. Flexon, Capstone’s board chair, was appointed executive chairman of the board and will serve as interim CEO until a successor is appointed.
Denise M. Wilson was appointed lead independent director of the board. John J. Juric, who joined Capstone as CFO in March 2023, will continue in his role.
“My immediate focus will be improving the company’s financial health to better and more consistently serve our customers, suppliers and other key stakeholders of Capstone.” Flexon said in a press release.
Flexon brings years of industry experience to his interim role, as he is currently board chair of PG&E Corp. as well as serving on the ERCOT board of directors. Before then, he was president and CEO of Dynegy Inc. for seven years. Prior to that, he served as CFO of UGI Utilities, CEO of Foster Wheeler and CFO and COO of independent power producer NRG. Flexon has served on the Capstone board since 2018 and served as non-executive chairman since January 2021.
Recommended Reading
D-J’s Elevation Midstream, ARB Midstream Subsidiary to Merge
2024-07-08 - Elevation Midstream and Platte River Holdings, a subsidiary of ARB Midstream, are merging to create a D-J Basin midstream company of scale.
‘Knife Fight’ for NGLs Driving Midstream Mergers in 2024
2024-09-05 - The latest acquisitions in the midstream sector are focusing on natural gas gathering and processing to secure a spot in the lucrative NGL market.
Delek Logistics Acquires EIV’s H2O Midstream for $230MM
2024-08-06 - Delek Logistics acquired H2O Midstream, a portfolio company of EIV Capital and the largest pure-play water midstream company in the Permian Basin, with more than 250 miles of pipe.
Trace Midstream Acquires LM Energy's Delaware Basin Natgas System
2024-08-06 - Trace Midstream Partners, backed by Quantum Capital Group, will acquire LM Energy Delaware, a portfolio company of Old Ironsides Energy, with gas gathering assets in Eddy and Lea counties, New Mexico.
ONEOK Secures Traffic for Growing Midstream Network with $5.9B Deal
2024-08-29 - ONEOK’s latest deals to acquire controlling interest in midstream companies EnLink and Medallion are considered “neutral” for the company’s credit rating.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.