Fluence Announces Organizational Change

Rhea-AI Summary

Fluence Energy (Nasdaq: FLNC) announced the resignation of Mr. Seyed Madaeni, Senior VP and Chief Digital Officer, effective June 14, 2022. The company thanks him for his contributions and is in the process of finding a permanent replacement. In the interim, Phil Goodman will lead Fluence Digital, having played a key role in developing the Fluence IQ Bidding Application. Fluence continues to focus on energy storage and digital applications to drive the clean energy transition globally.

Positive

• Phil Goodman, an experienced leader, is taking over interim responsibilities.
• Company maintains focus on driving clean energy initiatives.

Negative

• Departure of a key executive could disrupt ongoing digital initiatives.

ARLINGTON, Va., June 06, 2022 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global provider of energy storage products and services and digital applications for renewables and storage, today announced Mr. Seyed Madaeni has decided to step down from his role as Senior Vice President and Chief Digital Officer on June 14, 2022. The Company wishes to express its gratitude to Mr. Madaeni for his hard work and contributions.

The Company has begun the process to identify qualified candidates both internally and externally for a permanent replacement. In the interim, Phil Goodman, Vice President of Digital Operations & Strategy for Fluence Digital will assume responsibility for the leadership of Fluence Digital. Mr. Goodman has been instrumental in the development and deployment of the Fluence IQ Bidding Application.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and digital applications for renewables and storage. With a presence in 30 global markets, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled digital applications for managing and optimizing renewables and storage from any provider. The company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids. For more information, visit our website fluenceenergy.com, or follow us on LinkedIn or Twitter.

Analyst
Lexington May
+1 (713) 909-5629
Email: InvestorRelations@fluenceenergy.com

Media
Myriam Martin
+1 (619) 710-7531
Email: media.na@fluenceenergy.com 

FAQ

Who is the new interim leader for Fluence Digital after Madaeni's departure?

Phil Goodman, Vice President of Digital Operations & Strategy, will assume interim leadership.

When did Seyed Madaeni step down from his position at Fluence Energy?

Seyed Madaeni's resignation as Chief Digital Officer is effective June 14, 2022.

What role did Seyed Madaeni hold at Fluence Energy?

He was the Senior Vice President and Chief Digital Officer.

What is Fluence Energy's focus in the energy sector?

Fluence Energy specializes in energy storage products and digital applications for renewables.