February 23, 2007
By: by Cynthia Mahoney White, Plug Power
LATHAM, N.Y. - February 22, 2007 - Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable on-site energy products, today announced changes to its corporate structure, allowing Company CEO Dr. Roger Saillant to have more direct involvement with daily operations while also creating a more traditional and optimal organizational structure.
Concurrently with this organizational restructuring, Company President Gregory Silvestri announced his resignation. Dr. Saillant will now assume the title of President and CEO.
As a result of these changes, three vice presidents will join the executive management team and report directly to Dr. Saillant. The new additions are Allan Greenberg, Vice President of Sales; Thomas Hutchison, Vice President of Engineering; and Brad Johnson, Vice President of Operations. Greenberg and Hutchison were hired last year to fill key strategic roles at the executive level.
"This restructuring further improves the alignment of the organization with our efforts to reduce costs and improve reliability. I am encouraged by our ability to further develop the company by leveraging the experience and expertise of this newly appointed executive management team," said Dr. Saillant, who has more than 30 years of operational experience with Ford Motor Company and Visteon Corporation.
Dr. Saillant continued, "We appreciate Greg's many contributions to the organization over the past seven years. He has been a strong leader and key member of the team in our efforts to commercialize our fuel cell products. We wish Greg all the best in his future endeavors."
About Plug PowerPlug Power Inc. (NASDAQ: PLUG), an established leader in the development and deployment of clean, reliable, on-site energy products, currently integrates fuel cell technology into backup power products for telecommunications, utility and uninterruptible power supply applications. The Company is actively engaged with private and public customers in targeted markets, including the United States, Europe, Middle East, Russia, South Africa and South America. For more information about how to join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.