Pineapple Energy Announces Chief Financial Officer Transition
June 15 2022 - 4:05PM
Pineapple Energy Inc. (Nasdaq: PEGY) (“Pineapple” or “the
Company”), a leading provider of sustainable solar energy and
back-up power to households and small businesses, today announced
that Chief Financial Officer Mark Fandrich has decided to resign
his position, effective on the date the Company files its second
quarter Form 10-Q, which is currently anticipated to be August 12,
2022. Mr. Fandrich will work with Corporate Controller Kristin
Hlavka and CEO Kyle Udseth through completion of the Company’s
second quarter SEC filings and has also agreed to provide support
after August 12th related to the sale of the remaining CSI legacy
assets JDL and Ecessa.
Mark Fandrich commented, “My decision to leave was not easy
considering my view that the future for Pineapple in residential
solar is very promising. That said, I believe a change now allows
me to refocus my skill set as I start exploring new opportunities
while also spending more time with my family. I greatly appreciate
the opportunities presented to me at CSI and Pineapple and enjoyed
working with the true professionals on our executive team.”
Pineapple Chairman Roger Lacey commented, “Mark was instrumental
in executing the successful multiyear strategic transformation of
Communications Systems, Inc. into Pineapple Energy Inc., which
positions us as an exciting new entrant in the substantial and
fast-growing market of residential solar. Mark’s dedication to the
project and persistence in overcoming many challenges were critical
to our success. We acknowledge his desire to wrap up this phase of
his career and wish him nothing but success in his next endeavors.
We also very much appreciate his intention to support us during the
transition period as we identify a new CFO.”
About Pineapple Energy
Pineapple is focused on growing leading local and regional
solar, storage, and energy services companies nationwide. Our
vision is to power the energy transition through grass-roots growth
of solar electricity paired with battery storage. Our portfolio of
brands (Hawaii Energy Connection, E-Gear, Sungevity, and Horizon
Solar Power) provide homeowners and small businesses with an
end-to-end product offering spanning solar, battery storage, and
grid services.
Forward Looking Statements
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding future financial
performance, future growth, and future acquisitions. These
statements are based on Pineapple Energy’s current expectations or
beliefs and are subject to uncertainty and changes in
circumstances. Actual results may vary materially from those
expressed or implied by the statements here due to changes in
economic, business, competitive or regulatory factors, and other
risks and uncertainties, set forth in the company’s filings with
the Securities and Exchange Commission. The forward-looking
statements in this press release speak only as of the date of this
press release. Pineapple Energy does not undertake any obligation
to update or revise these forward-looking statements for any
reason, except as required by law.
Contacts:
Pineapple EnergyKyle UdsethChief Executive Officer+1 (952)
996-1674kyle@pineappleenergy.com
The Blueshirt GroupGary Dvorchak, CFAManaging Director+1 (323)
240-5796gary@blueshirtgroup.com
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