Plug Power (NASDAQ:PLUG) that a new chief financial officer has been appointed. Effective November 6, 2014, Chris Hutter will take over responsibilities for Mr. Dave Waldek who has served at Plug Power as interim chief financial officer since April of 2013. This is an important addition to the team. The new chief financial officer has extensive experience growing businesses profitably. In fact, Mr. Hutter has 20 years of experience managing financial growth strategies of publicly traded companies. But where does he come from and how can he help Plug Power? Well he will be transitioning to Plug Power from his current role as executive vice president and chief financial officer of PowerSecure International, Inc. (NYSE:POWR), a $270 million energy products and services company.
When I last opined on Plug Power, I had discussed the company's strengths and weaknesses under Chief Executive Officer Andy Marsh. I had indicated that the company had a history of over promising and under-delivering, but I believed that was about to change given the concerted effort management had made to increase its customer base and secure new orders. That said, the lack of a permanent chief financial officer was an inherent weakness in the management team. Now, with this new addition, I think......READ FULL ARTICLE
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