Plug Power Hires Former Tesla Alum David Mindnich to Influence Plug Power’s Global Gigafactory Footprint
July 22 2021 - 07:30AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen economy, has
announced that David Mindnich, a 15-year leader in manufacturing
who spearheaded operations for Tesla’s Gigafactory, will join the
company as executive vice president of global manufacturing.
In this role, Mindnich, who will report directly to CEO Andy
Marsh, will lead the modernization of Plug Power’s manufacturing
operations by creating process efficiencies and transforming its
operations. He will be responsible for optimizing the performance
of Plug Power’s global manufacturing facilities by tapping his
experience with high-volume global manufacturing, process
improvement and automation. Modernizing the operations will drive
profitability and further the company’s reputation as a
best-in-class fuel cell technology provider. Mindnich will manage
450 global employees while continuing to build out the team,
anticipated to exceed 1,000 employees within two years.
“I’m honored to join Plug Power at a time when more businesses
are looking for clean hydrogen energy solutions,” Mindnich said.
“As a leader on Plug Power’s management team, I’ll work to
strategically grow the company’s manufacturing operations,
transitioning from mid to high volume through automation, to cater
to this increasing demand.”
Prior to joining Plug Power, Mindnich spent the last five years
in several different roles at Tesla’s Gigafactory in Nevada. Most
recently, Mindnich served as senior director of operations where he
oversaw a team of 5,000 employees at the world's largest battery
and powertrain manufacturing facility. Leading teams responsible
for ramping and optimizing the Nevada factory over the last five
years, Mindnich’s teams were able to enhance many of the factory’s
performance metrics during his tenure across multiple business
units.
Mindnich, who earned his master’s in business administration
from the University of Phoenix and bachelor’s degree from Arizona
State University, previously served in senior manufacturing roles
for other global companies, including International Game Technology
and Trex Company, Inc.
“David Mindnich’s deep experience in manufacturing and
operations will serve as a resource for Plug Power as we expand our
capabilities and global footprint,” Marsh said. “We’re thrilled to
have David’s expertise as we continue to grow our team and customer
base.”
About Plug Power Inc. Plug Power is building
the hydrogen economy as the leading provider of comprehensive
hydrogen fuel cell (HFC) turnkey solutions. The Company’s
innovative technology powers electric motors with hydrogen fuel
cells amid an ongoing paradigm shift in the power, energy, and
transportation industries to address climate change and energy
security, while providing efficiency gains and meeting
sustainability goals. Plug Power created the first commercially
viable market for hydrogen fuel cell (HFC) technology. As a result,
the Company has deployed over 40,000 fuel cell systems for
e-mobility, more than anyone else in the world, and has become the
largest buyer of liquid hydrogen, having built and operated a
hydrogen highway across North America. Plug Power delivers a
significant value proposition to end-customers, including
meaningful environmental benefits, efficiency gains, fast fueling,
and lower operational costs. Plug Power’s vertically-integrated
GenKey solution ties together all critical elements to power, fuel,
and provide service to customers such as Amazon, BMW, The Southern
Company, Carrefour, and Walmart. The Company is now leveraging its
know-how, modular product architecture and foundational customers
to rapidly expand into other key markets including zero-emission
on-road vehicles, robotics, and data centers.
Plug Power Safe Harbor StatementThis
communication contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve significant risks and uncertainties about Plug Power
Inc. ("PLUG"), including but not limited to statements about PLUG's
plans in Europe and its expectations regarding its ability to
strengthen its presence in fuel cell-powered on-road commercial
mobility, green hydrogen generation and distribution and large
scale electrolyzer markets, and PLUG’s belief that Europe will play
a key role in the emergence of a green hydrogen economy. You are
cautioned that such statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times that, or by which, such performance or
results will have been achieved. Such statements are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in these
statements. For a further description of the risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to the business of PLUG in general, see PLUG’s public
filings with the Securities and Exchange Commission, including the
“Risk Factors” section of PLUG’s Annual Report on Form 10-K for the
year ended December 31, 2020. Readers are cautioned not to place
undue reliance on these forward-looking statements. The
forward-looking statements are made as of the date hereof, and PLUG
undertakes no obligation to update such statements as a result of
new information.
Media ContactTeal HoyosPlug
Powermedia@plugpower.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8f8dd379-c154-43fd-a58d-6bf1129fe488
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