POLACHI RECRUITS PRESIDENT & CEO FOR PLUG POWER
Public Hydrogen Fuel Cell Manufacturer Chooses Polachi to Identify New Leader
FRAMINGHAM, Mass., April 10, 2008 – Polachi, the leading provider of Access Executive Search™ services to technology, life sciences, clean tech, venture capital and private equity clients, today announced the recruitment of Andy Marsh to the position of President, Chief Executive Officer and member of the Board of Directors at Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable on-site energy solutions.
“Andy’s solid record of results-oriented leadership, combined with his prior success in commercializing new products, made him an ideal candidate to meet the objectives set forth by Plug Power’s Board,” said Charley Polachi, Partner.
Mr. Marsh, 52, brings 25 years of experience in the telecommunications industry to Plug Power. Most recently, he was a co-founder of Valere Power where he served as CEO and Board member from the company’s inception in 2001 through its sale to Eltek ASA in 2007. Under his leadership, Valere grew into a profitable global operation with more than 200 employees and $90 million in revenues derived from the sale of DC power products to the telecommunications sector.
Prior to founding Valere, Mr. Marsh spent almost 18 years with Lucent Bell laboratories where he held a variety of sales and technical management positions. He holds a B.S. in Electrical Engineering Technology from Temple University, an M.S. in Electrical Engineering from Duke University and an MBA from Southern Methodist University.
About Plug Power Inc.
Plug Power Inc. (NASDAQ: PLUG), an established leader in the development and deployment of clean, reliable on-site energy solutions, integrates fuel cell technology into backup and primary power products for telecommunications, material handling, utility and uninterruptible power supply applications. The Company is actively engaged with private and public customers in targeted markets throughout the world, including North America, Europe, the Middle East, Russia, South Africa and South America. For more information about how to join Plug Power’s energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.
About PolachiPolachi (www.polachi.com) provides Access Executive Search™ services to technology, life sciences, clean tech, venture capital and private equity clients. The firm’s partners and principals, all search industry veterans with decades of experience, understand that leading companies deserve access to the absolute best talent on the planet. While traditional executive search firms limit candidate access due to “off-limit” protocol, and newer search firms lack the breadth and depth of connections, Polachi’s Access Executive Search™ model, coupled with unmatched agility, delivers the most accelerated results. Polachi is a sponsor of the New England Clean Energy Council (NEIC). For more information please call 508-650-9993 or visit www.polachi.com.
Kel & Partners
(508) 366-2099 x.119