Plug Power announced today that Chris Hutter has been appointed CFO, effective November 6th 2014. Mr. Hutter will take over responsibilities for Mr. Dave Waldek who has served at Plug Power as interim CFO since April of 2013.
Mr. Hutter has extensive experience growing businesses profitably, and comes to Plug Power with the skills needed to guide and propel Plug Power’s sales and financial momentum. He brings 20 years of experience managing financial growth strategies of publicly traded companies to Plug Power. Most recently, he was Executive Vice President and CFO of PowerSecure International, a $270m energy products and services company. Under his financial leadership, PowerSecure tripled in size through sales growth and acquisitions. Mr. Hutter’s experience as an executive in the energy sector will quickly add value to Plug Power with industry-specific analysis and investor knowledge.
Prior to PowerSecure International, Mr. Hutter served as National Vice President of Finance, Treasurer, Investor Relations and Assistant Secretary at ADVO, a $1.5bn advertising and marketing firm. Mr. Hutter held various financial positions over his 14 years with ADVO, a company which grew an attractive, one-of-a-kind business platform that was acquired for a healthy premium by Valassis Communications in 2007.
Mr. Hutter’s demonstrated skills, coupled with the already successful management team at Plug Power, positions the company to accelerate the growth of the business beyond 2014. Over his tenure, Mr. Hutter has developed a proven strategy revolving around disciplined planning, forecasting and business review process, resulting in strong balance sheets, excellent bank relations and enhanced shareholder relationships.
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