Plug Power EVP Dirk Ole Hoefelmann resigns; Sanjay Shrestha assumes duties

PLUG POWER INC

Hoefelmann resigned as General Manager, Electrolyzers and EVP effective April 1, 2023, by mutual agreement.
Sanjay K. Shrestha takes over Hoefelmann's responsibilities in addition to his current role.
Separation pay: lump sum of $400,000.12 (52 weeks base salary), 2022 bonus, vested options extend 12 months.
Hoefelmann subject to one-year non-compete and non-solicitation covenants.
Unvested stock options and awards forfeited; health insurance payment of $24,477.23 included.

item 5.02

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Departed

Dirk Ole Hoefelmann

General Manager, Electrolyzers and Executive Vice President

PLUG · PLUG POWER INC

Effective: 2023-04-01
Successor: Sanjay K. Shrestha
Filed: April 4, 2023, 7:59 PM ET

On April 1, 2023, Plug Power Inc. (the “Company”) and Dirk Ole Hoefelmann mutually agreed that Mr. Hoefelmann would resign as General Manager, Electrolyzers and Executive Vice President of the Company effective immediately to pursue other interests.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dirk Ole Hoefelmann resigned as General Manager, Electrolyzers and Executive Vice President at PLUG POWER INC.

Action: resigned
Role: General Manager, Electrolyzers and Executive Vice President

Exact text from the filing

On April 1, 2023, Plug Power Inc. (the “Company”) and Dirk Ole Hoefelmann mutually agreed that Mr. Hoefelmann would resign as General Manager, Electrolyzers and Executive Vice President of the Company effective immediately to pursue other interests.

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PLUG POWER INC filing history →

Source: SEC EDGAR

accession 0001104659-23-041539

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