Plug Power appoints insider Jose Luis Crespo as next chief executive

Core Viewpoint - Hydrogen fuel cell maker Plug Power has appointed Jose Luis Crespo as the new CEO, replacing long-time leader Andy Marsh, which resulted in a 3% decline in the company's shares during premarket trading [1] Company Summary - The appointment of Jose Luis Crespo marks a significant leadership change for Plug Power, indicating a potential shift in company strategy and direction under new management [1] - The market reacted negatively to the news, as evidenced by the 3% drop in share price, reflecting investor sentiment regarding the leadership transition [1] Industry Summary - The hydrogen fuel cell industry continues to evolve, with leadership changes in key companies like Plug Power potentially impacting competitive dynamics and innovation within the sector [1]