Fluence Energy appoints Manavendra Sial as CFO, replacing Dennis Fehr effective Sept 15

Fluence Energy, Inc.

Manavendra Sial appointed SVP and CFO effective Sept 15, 2022; outgoing CFO Dennis Fehr remains non-executive through Oct 15.
Sial joins from SunPower (SPWR) where he was EVP and CFO; previously CFO at VECTRA and finance roles at SunEdison and GE.
Compensation: base salary $500k, target bonus 75%, sign-on cash bonus $500k, and $2.6M in RSUs vesting over 3 years.
Retention payment of $1.2M if involuntarily terminated for reasons other than cause within first year.
Subject to stock ownership policy: must hold 2x salary in shares within 5 years.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Manavendra Sial

Senior Vice President and Chief Financial Officer

FLNC · Fluence Energy, Inc.

Effective: 2022-09-15
Filed: August 31, 2022, 7:59 PM ET

appointed Manavendra (Manu) Sial, 46, as Senior Vice President and Chief Financial Officer of the Company and as the Company’s principal financial officer, to replace Dennis Fehr, effective as of 12:00 a.m. on September 15, 2022

Departed

Dennis Fehr

Chief Financial Officer

FLNC · Fluence Energy, Inc.

Effective: 2022-09-15
Successor: Manavendra Sial
Filed: August 31, 2022, 7:59 PM ET

Following the Effective Time, Mr. Fehr is expected to remain with the Company in a non-executive capacity until October 15, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Manavendra Sial was appointed as Senior Vice President and Chief Financial Officer at Fluence Energy, Inc..

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

appointed Manavendra (Manu) Sial, 46, as Senior Vice President and Chief Financial Officer of the Company and as the Company’s principal financial officer, to replace Dennis Fehr, effective as of 12:00 a.m. on September 15, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dennis Fehr departed as Chief Financial Officer at Fluence Energy, Inc..

Action: replaced
Role: Chief Financial Officer

Exact text from the filing

Following the Effective Time, Mr. Fehr is expected to remain with the Company in a non-executive capacity until October 15, 2022.

View on SEC.gov

Fluence Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001868941-22-000084

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