Array Technologies Announces Departure of Chief Financial Officer
June 10 2024 - 4:02PM
Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a
leading provider of tracker solutions and services for
utility-scale solar energy projects, announced today that its Chief
Financial Officer, Kurt Wood, will be stepping down from his
position at the end of the second quarter to pursue other business
interests.
“On behalf of Array Technologies, I want to thank Kurt for his
impact on the Company during his tenure. Kurt came into Array and
he continued to improve the Company’s finance organization in terms
of people, process, and systems,” said Array Technologies’ Chief
Executive Officer, Kevin G. Hostetler. “As a company, this resulted
in improvement to Array’s control framework, an acceleration of the
monthly close process, and increased structure and rigor around the
cash collection processes. We wish him all the best in his future
endeavors.”
Mr. Wood commented, “I’m proud to have been a part of Array and
the contributions I was able to make while I was at the Company. I
remain confident in the caliber and strength of the global finance
team. Array is well positioned to continue providing reliable and
innovative solar tracking solutions that will move the industry
forward.”
The Company has commenced a formal search for a new chief
financial officer and Kurt will stay on as a consultant through the
end of the third quarter (September 30, 2024) to support the
transition period.
About ArrayArray Technologies (NASDAQ: ARRY) is
a leading American company and global provider of utility-scale
solar tracker technology. Engineered to withstand the harshest
conditions on the planet, Array’s high-quality solar trackers and
sophisticated software maximize energy production, accelerating the
adoption of cost-effective and sustainable energy. Founded and
headquartered in the United States, Array relies on its diversified
global supply chain and customer-centric approach to deliver,
commission, and support solar energy developments around the world,
lighting the way to a brighter, smarter future for clean energy.
For more news and information on Array, please visit
arraytechinc.com. Forward Looking
Statements This press release contains
forward-looking statements. These statements are not historical
facts but rather are based on Array’s current expectations and
projections regarding its business, operations and other factors
relating thereto. Words such as “may,” “will,” “could,” “would,”
“should,” “anticipate,” “predict,” “potential,” “continue,”
“expects,” “intends,” “plans,” “projects,” “believes,” “estimates”
and similar expressions are used to identify these forward-looking
statements. These statements are only predictions and as such are
not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of
factors. Media Contact: Karen
Rand 505-314-6901 karen.rand@arraytechinc.com Investor
Relations Contact: Array Technologies, Inc.
Investor Relations investors@arraytechinc.com
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