Plug Power Names Jose Luis Crespo as Incoming CEO to Succeed Long-Term Leader Andy Marsh

Core Points - Plug Power Inc. announces the appointment of Jose Luis Crespo as President effective October 10, 2025, and as CEO effective March 2026, succeeding Andy Marsh [1][2] - Andy Marsh will continue as CEO during the transition and will become Executive Chair of the Board post-transition, emphasizing continuity and long-term shareholder value [2] - Jose Luis Crespo has been with Plug since 2014, previously serving as Chief Revenue Officer, and has been instrumental in driving the company's sales strategy and customer relationships [3][4] Leadership Transition - The leadership changes are aimed at ensuring operational excellence and sustained financial discipline during a critical phase for the company [4][5] - Sanjay Shrestha will step down as President effective October 10, 2025, after contributing significantly to Plug's growth [5] Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem for hydrogen production, storage, delivery, and power generation [6] - The company has deployed over 72,000 fuel cell systems and 275 fueling stations, and is the largest user of liquid hydrogen [7][8] - Plug Power's production capacity is projected to reach 39 tons per day with operational plants in Georgia, Tennessee, and Louisiana [8]