Fluence appoints Ahmed Pasha as CFO effective Jan 1, 2024; reaffirms FY2023 revenue guidance $2.0-2.1B

Fluence Energy, Inc.

Ahmed Pasha named SVP & CFO, effective Jan 1, 2024; succeeds Manavendra Sial who resigns effective Dec 31, 2023.
Pasha previously CFO of AES US Utilities; base salary $530k, target bonus 75%, sign-on bonuses up to ~$757k, LTI awards of $1.95M.
Company expects to meet or exceed FY2023 guidance: revenue $2.0-2.1B and adjusted gross profit $117-132M.
Q4 FY2023 earnings to be reported Nov 28, 2023 after market close; conference call Nov 29, 2023.
Sial leaves to become CFO at a large automotive components manufacturer with over 70,000 employees.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Ahmed Pasha

Senior Vice President and Chief Financial Officer

FLNC · Fluence Energy, Inc.

Effective: 2024-01-01
Filed: November 16, 2023, 6:59 PM ET

appointed Ahmed Pasha as Senior Vice President and Chief Financial Officer of the Company, and as the Company’s principal financial officer, to succeed Manavendra Sial effective as of 12:00 a.m. on January 1, 2024

Departed

Manavendra Sial

Senior Vice President and Chief Financial Officer

FLNC · Fluence Energy, Inc.

Effective: 2023-12-31
Successor: Ahmed Pasha
Filed: November 16, 2023, 6:59 PM ET

Mr. Sial tendered his resignation to the Company on November 13, 2023, effective at 11:59 p.m. on December 31, 2023, and he remains in office for the Company until that time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ahmed Pasha 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 Ahmed Pasha as Senior Vice President and Chief Financial Officer of the Company, and as the Company’s principal financial officer, to succeed Manavendra Sial effective as of 12:00 a.m. on January 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

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

Exact text from the filing

Mr. Sial tendered his resignation to the Company on November 13, 2023, effective at 11:59 p.m. on December 31, 2023, and he remains in office for the Company until that time.

View on SEC.gov

Fluence Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001868941-23-000073

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