Spruce Power names Sarah Weber Wells CFO, effective May 19, 2023; Donald Klein departs

SPRUCE POWER HOLDING CORP

Sarah Weber Wells appointed CFO, effective May 19, 2023; she will also continue as Head of Sustainability.
Donald Klein's CFO role terminated same date, consistent with previously announced transition.
Base salary of $145,000/year and severance equal to three months of base salary.
Wells has served as SVP, Finance and Accounting since September 2022; prior roles at Spruce Power and Cornerstone Building Brands.
No family relationships with other executive officers or directors.

item 5.02 item 9.01

Executive movements

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Appointed

Sarah Weber Wells

Chief Financial Officer

SPRU · SPRUCE POWER HOLDING CORP

Effective: 2023-05-19
Filed: May 12, 2023, 7:59 PM ET

On May 11, 2023, Spruce Power Holding Corporation (the "Company") announced that effective on May 19, 2023, Sarah Weber Wells is appointed as Chief Financial Officer.

Departed

Donald Klein

Chief Financial Officer

SPRU · SPRUCE POWER HOLDING CORP

Effective: 2023-05-19
Successor: Sarah Weber Wells
Filed: May 12, 2023, 7:59 PM ET

Donald Klein's position as Chief Financial Officer of the Company is terminated effective May 19, 2023, consistent with the previously announced transition from XL Fleet to Spruce Power executive management.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sarah Weber Wells was appointed as Chief Financial Officer at SPRUCE POWER HOLDING CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 11, 2023, Spruce Power Holding Corporation (the "Company") announced that effective on May 19, 2023, Sarah Weber Wells is appointed as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Donald Klein was terminated as Chief Financial Officer at SPRUCE POWER HOLDING CORP.

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

Donald Klein's position as Chief Financial Officer of the Company is terminated effective May 19, 2023, consistent with the previously announced transition from XL Fleet to Spruce Power executive management.

View on SEC.gov

SPRUCE POWER HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001213900-23-038752

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