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
Pitts: How Venezuelan Elections Impact Texas and Louisiana
2024-10-24 - The ramifications of another questionable election in Venezuela comes as Chevron’s quest to recoup debts continues. And Washington’s likely next steps will include more of the same: sanctions.
Trump Prepares Wide-Ranging Plans to Boost Gas Exports, Oil Drilling
2024-11-26 - Sources say that Trump will lift Biden's pause on LNG export licenses, expedite drilling permits on federal land and boots auctions of offshore drilling leases.
Buoyed by Oil and Gas, Trump Poised to Retake the White House
2024-11-06 - President Donald Trump penetrated the blue wall for a second time, taking Pennsylvania’s crucial 19 electoral votes in a nail-biter on election night.
Hirs: Expansive Energy Policies Set to Shape 2025 Markets
2024-12-27 - The incoming administration’s policies on sanctions, tariffs, regulations and deportations will impact the oil and gas industry.
Trump Tariff Threat Raises Consternation Among Oil Lobbying Groups
2024-11-26 - Late Nov. 25, President-elect Donald Trump said one of his first executive orders would be to enact a 25% tariff on “all products” originating from Canada and Mexico, a move that could escalate refined products prices.
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.