Plug Power appoints Jose Luis Crespo as incoming CEO

Plug Power (PLUG) announces the appointment of Jose Luis Crespo as President, effective as of October 10, 2025, and as its new CRO, to be effective as of the date the company files its Annual Report on Form 10-K for the year ended December 31, 2025, expected March 2026. Mr. Crespo will succeed Mr. Andy Marsh as CEO. Mr. Marsh will continue to serve as CEO during the transition period and has been appointed Executive Chair of the Board, a position he will retain following March 2, 2026. In conjunction, George McNamee has been named Lead Director. Both Board appointments are effective October 10, 2025. Jose Luis Crespo joined Plug in 2014, most recently serving as Chief Revenue Officer. Plug also announces that Sanjay Shrestha will step down as President of the Company, effective October 10, 2025