PlugPower Appoints New President/CEO
LATHAM, N.Y., Dec. 19 /PRNewswire/ -- Plug Power Inc. (Nasdaq: PLUG), today announced the appointment of Roger B. Saillant as President and Chief Executive Officer. In addition, Saillant will join the company's Board of Directors.
Saillant, 57, joins Plug Power from Visteon Corp. where he held the position of Vice President and General Manager of the company's Energy Transformation Systems group. For over 30 years, Saillant served the Ford Motor Company and Visteon Corporation, a spin-off of Ford, in a wide variety of roles. Saillant was most recently responsible for several billion in revenue, including its Distributive Power unit, and for overseeing 12,000 employees on four continents. Saillant has held numerous management positions for the company in the areas of component engineering, catalysts, electronics, and manufacturing. Saillant holds a B.S. degree in Chemistry from Bowdoin College and a Ph.D in Chemistry from Indiana University, as well as a post-doctorate degree in Organometallic Chemistry from the University of California. Saillant will begin his duties as President and CEO in mid-January 2001.
"We are truly delighted to have attracted an executive of Roger's caliber," said George McNamee, Chairman of Plug Power. "With over thirty years experience in manufacturing and technology integration, and demonstrated expertise in bringing products to the marketplace, Roger brings extraordinary resources to Plug Power."
"I am very excited to be joining one of the leading fuel cell companies in the world," said Saillant. "I am committed to a business strategy that pursues technological advancement which improves our quality of life while protecting our environment. At Plug Power, I will be able to pursue this passion exclusively." Saillant continued, "I am grateful to Visteon and Ford for all my years there. With Visteon's talented management team, they are poised to lead the industry and I am truly excited about their future."
Plug Power has scheduled a live webcast on December 19 at 4:30 PM (EST) to introduce Roger Saillant to the financial community. The live webcast can be accessed by logging onto http://www.plugpower.com.
For more information about Plug Power and to view our FAQ's and general presentation, please visit the company's web site at http://www.plugpower.com.
Plug Power is a leading designer and developer of on-site, electricity generation systems utilizing proton exchange membrane fuel cells for residential applications. The Latham, N.Y.-based company was founded in 1997, as a joint venture of DTE Energy Company and Mechanical Technology Incorporated. Plug Power Holland was founded in February 2000 as the first European operation base of Plug Power. The product will be sold globally through a joint venture with the General Electric Company, one of the world's leading suppliers of power generation technology and energy services. DTE Energy Technologies will distribute the units in Michigan, Illinois, Ohio and Indiana.
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