Summary by Futu AI
On November 13, 2024, Plug Power Inc. announced the appointment of Sanjay K. Shrestha as the new President of the company, effective immediately. Shrestha, who has been with Plug Power since April 2019, previously served as Chief Strategy Officer and Executive Vice President, and later as General Manager, Energy Solutions. His extensive background includes roles at Sky Solar Holdings, Sky Capital America, FBR Capital Markets, Lazard Capital Markets, and First Albany Capital. Shrestha also holds board positions at Fusemachines, AccionaPlug S.L., and Hidrogenii. In recognition of his new position, Shrestha's annual base salary has been increased to $500,000. The company clarified that there are no familial or transactional relationships influencing Shrestha's appointment. Concurrently, Plug Power hosted its 2024 Plug Symposium at its New York manufacturing facility, where company officers and guest speakers discussed the hydrogen economy and industry state. The symposium's presentation and a related press release were made available, with the webcast to be accessible on the company's website post-event.