Plug Power Announces Neumann as New CFO

January 08, 2003 by Jeff Shepard

Plug Power Inc. (Latham, NY) announced the appointment of David Neumann to Vice President and Chief Financial Officer, effective Monday, January 20, 2003. Neumann's appointment follows the resignation of W. Mark Schmitz, effective January 20, 2003, who has accepted the position of Vice President of Finance with Tyco Fire and Security, a division of Tyco International Ltd.

"David is an experienced financial leader," said Roger Saillant, Plug Power President and Chief Executive Officer. "During the past five years, David has been involved in all aspects of the company's financial operations, and has been instrumental in ensuring the company's compliance with Securities and Exchange Commission reporting obligations. He has been a key player in the company's initial public offering, securing additional funds through a secondary offering and, recently, preparing us for the proposed acquisition of H Power Corp. We are confident he will continue to help advance the company."