Donna Sims Wilson Appointed to FuelCell Energy’s Board of Directors
August 16 2021 - 8:00AM
FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global
leader in fuel cell technology with a purpose of utilizing its
proprietary, state-of-the-art fuel cell platforms to enable a world
empowered by clean energy— today announced that its Board of
Directors has appointed Donna Sims Wilson to serve as a new
independent director, effective August 13, 2021. Ms. Sims Wilson is
currently Chief Operating Officer of Kah Capital Management, an
alternative asset management firm, where she serves on the
Management Committee, the Investment and Risk Management Committee,
and is Chairman of the Valuation Committee. Donna is an advocate of
diversity, equity and inclusion initiatives, and she helps
businesses break down demographic, social and geographic barriers
to achieve expanded levels of success. Additionally, Donna brings
extensive corporate governance experience through her international
corporate board service, leadership positions with numerous not for
profit boards and working closely with institutional investors and
analysts.
Previously, Donna co-founded the National
Association of Securities Professionals (NASP) Africa Financial
Summit in 2015. With subsequent funding from USAID, Mobilizing
Institutional Investors to Develop Africa’s Infrastructure (MiDA)
was born and has since executed over $1 billion in African
infrastructure investments from U.S. institutions. Donna’s
leadership in ideating and launching these successful endeavors
served as a precursor to her participation in leading a delegation
of U.S. pension funds and foundations to the 2018 G20 Buenos Aires
summit to educate global institutional investors on how to generate
safe, risk-adjusted returns by investing in African infrastructure.
Donna also previously served as Chair for the Export Import Bank of
the United States on the Sub-Saharan African Advisory Board.
Donna is a frequent speaker at financial service
industry events, has testified before the U.S. Congress on laws
relating to diversity, and has appeared on CNBC’s Squawk Box and
C-SPAN discussing issues of diversity, equity and how diverse
populations are faring in the economic recovery. She was named One
of the Most Powerful Women in Business by Black Enterprise Magazine
and received NASP’s coveted Joyce Johnson Award in 2010.
Donna received her Bachelor of Arts in Political
Science from Yale University.
Ms. Sims Wilson’s appointment expands the Board
to seven directors, six of whom are independent. She will be a
member of the Board’s Nominating and Corporate Governance and Audit
and Finance Committees.
“Donna will add breadth to the Board’s strategic
and oversight roles in multiple areas that are essential as we move
FuelCell Energy forward, including new product commercial launches,
navigating anticipated further global business expansion, and
leadership in our ESG efforts overall,” said James England,
Chairman of the Board.
“Donna brings more than three and a half decades
of financial industry experience, an essential aspect to FuelCell
Energy’s business model,” said Jason Few, President, Chief
Executive Officer and Chief Commercial Officer of FuelCell Energy.
“Donna has a proven track record of growing firms through the
launch of business extensions, new products, and mergers and
acquisitions. These experiences, along with her extensive history
with international markets, working with legislators around the
world, and securing financing through the EXIM Bank and the USTDA
among others, make Donna a tremendous addition to FuelCell
Energy.”
About FuelCell Energy
FuelCell Energy, Inc. (NASDAQ: FCEL) FuelCell
Energy is a global leader in sustainable clean energy technologies
that address some of the world’s most critical challenges around
energy, safety and global urbanization. As a leading global
manufacturer of proprietary fuel cell technology platforms,
FuelCell Energy is uniquely positioned to serve customers worldwide
with sustainable products and solutions for businesses, utilities,
governments and municipalities. Our solutions are designed to
enable a world empowered by clean energy, enhancing the quality of
life for people around the globe. We target large-scale power users
with our megawatt-class installations globally, and currently offer
sub-megawatt solutions for smaller power consumers in Europe. To
provide a frame of reference, one megawatt is adequate to
continually power approximately 1,000 average sized U.S. homes. We
develop turn-key distributed power generation solutions and operate
and provide comprehensive service for the life of the power plant.
Our fuel cell solution is a clean, efficient alternative to
traditional combustion-based power generation, and is complementary
to an energy mix consisting of intermittent sources of energy, such
as solar and wind turbines. Our customer base includes utility
companies, municipalities, universities, hospitals, government
entities/military bases and a variety of industrial and commercial
enterprises. Our leading geographic markets are currently the
United States and South Korea, and we are pursuing opportunities in
other countries around the world. FuelCell Energy, based in
Connecticut, was founded in 1969.
SureSource, SureSource 1500, SureSource 3000,
SureSource 4000, SureSource Recovery, SureSource Capture,
SureSource Hydrogen, SureSource Storage, SureSource Service,
SureSource Treatment, SureSource Capital, FuelCell Energy, and
FuelCell Energy logo are all trademarks of FuelCell Energy,
Inc.
Contact:
FuelCell Energy,
Inc.ir@fce.com203.205.2491
Source: FuelCell Energy
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