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
Woodside Reports Record Q3 Production, Narrows Guidance for 2024
2024-10-17 - Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
BKV Prices IPO at $270MM Nearly Two Years After First Filing
2024-09-25 - BKV Corp. priced its common shares at $18 each after and will begin trading on Sept. 26, about two years after the Denver company first filed for an IPO.
Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely
2024-10-10 - Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
2024-10-22 - SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
Exclusive: How E&Ps Yearning Capital can Stand Out to Family Offices
2024-10-15 - 3P Energy Capital’s Founder and Managing Partner Christina Kitchens shares insight on the “educational process” of operators looking at opportunities in the U.S. and how E&Ps looking for capital can interest family offices, in this Hart Energy Exclusive interview.
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.