FuelCell Energy Appoints Natica von Althann to Its Board of Directors
May 13 2015 - 8:30AM
FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in the design,
manufacture, operation and service of ultra‐clean, efficient and
reliable fuel cell power plants, today announced that Natica von
Althann has been appointed to the Company's Board of
Directors. She brings with her extensive financial and risk
management expertise gained from senior executive roles at Bank of
America and Citigroup as well as utility experience gained from her
six years as a member of the PPL Corporation board of directors,
one of the largest investor-owned companies in the U.S. utility
sector, with approximately 18,000 megawatts of power generating
capacity. Ms. von Althann will serve on the FuelCell Energy
Audit & Finance and Compensation committees. This addition
to the FuelCell Energy Board of Directors increases the total
number of members to eight.
Ms. von Althann is a skilled senior executive with deep and
broad financial and risk management experience gained from three
decades of leadership positions with leading financial institutions
including Citigroup, Bank of America and U.S.
Trust. Currently, Ms. von Althann serves as a director of TD
Bank US Holding Company and as a director of PPL
Corporation. Previously, she was a founding partner of C&A
Advisors, a consulting firm in the area of financial services and
risk management. Prior roles included Senior Credit Risk
Management Executive with Bank of America, Chief Credit Officer of
U.S. Trust, and 26 years with Citigroup in various leadership
roles, including Division Executive – Latin America for the
Citigroup Private Bank, Managing Director and Global Retail
Industry Head, and Managing Director and co-head of the U.S.
Telecommunications – Technology group for Citicorp Securities.
"Natica adds a new dynamic to our Board with her wealth of
experience and knowledge of the utility industry, bank lending and
global financial markets," said Chip Bottone, Chief Executive
Officer, FuelCell Energy, Inc. "We look forward to benefitting from
her expertise as we work to develop larger power generation
projects that deliver affordable and ultra-clean power."
"FuelCell Energy is well-positioned with a distributed power
generation solution that meets the needs of power users and within
an environmental profile that benefits society at large," said Ms.
Von Althann. "I am eager to begin working with the Board to
support and enable further growth of FuelCell Energy."
About FuelCell Energy
Direct FuelCell® power plants are generating ultra-clean,
efficient and reliable power at more than 50 locations
worldwide. With more than 300 megawatts of power generation
capacity installed or in backlog, FuelCell Energy is a global
leader in providing ultra-clean baseload distributed generation to
utilities, industrial operations, universities, municipal water
treatment facilities, government installations and other customers
around the world. The Company's power plants have generated
more than three billion kilowatt hours of ultra-clean power using a
variety of fuels including renewable biogas from wastewater
treatment and food processing, as well as clean natural
gas. For additional information, please visit
www.fuelcellenergy.com, follow us on Twitter and view our videos on
YouTube.
Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc.
are all registered trademarks of FuelCell Energy, Inc. DFC-ERG
is a registered trademark jointly owned by Enbridge, Inc. and
FuelCell Energy, Inc.
CONTACT: FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
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