Plug Power Announces New COO and Strengthened Partnership with Amazon
Key Ideas
- Plug Power shares see a slight increase as the company appoints Dean Fullerton, former Amazon executive, as COO.
- The long-term business relationship between Plug Power and Amazon has led to successful collaborations, including a major deal involving hydrogen fuel cell solutions.
- Fullerton's role as COO will focus on strategic plans, growth opportunities, and operational enhancements in the green hydrogen ecosystem.
- Plug Power CEO Andy Marsh highlights Fullerton's hire as a significant milestone for the company, emphasizing his crucial role in guiding the organization towards strategic goals.
Plug Power, Inc.'s shares are trading marginally higher as the company announces the appointment of Dean Fullerton as its new Chief Operating Officer (COO), who joins from Amazon.com, Inc. Plug and Amazon have a longstanding business relationship, with Amazon investing in Plug's hydrogen fuel cell solutions. Fullerton's responsibilities as COO will include crafting strategic plans, focusing on growth opportunities, and overseeing global project execution in the green hydrogen ecosystem. Plug Power CEO Andy Marsh expresses optimism about Fullerton's contributions to the company's expansion of logistics operations. This move comes as Plug Power seeks to strengthen its position in the market, with its stock experiencing a slight increase. The article highlights the positive sentiment towards the new COO appointment and the continued success of the partnership between Plug Power and Amazon in the green energy sector.