Spruce Power Appoints Interim CFO To Strengthen Financial Leadership Amid Growth Phase

Spruce Power Holding Corporation has announced the appointment of Thomas Cimino as Interim Chief Financial Officer, effective June 5, 2025. He steps into the role following the departure of former CFO Sarah Wells, who left the company to pursue a new opportunity in the private sector. Spruce has initiated a search to appoint a permanent CFO. Thomas Cimino brings over 25 years of financial leadership experience across a broad range of sectors, including financial reporting, internal controls, strategic planning, capital markets, and business operations.

His previous roles include serving as CFO at Vantage Drilling International and AEI Services, as well as Executive Vice President of Finance and Administration at EnfraGen. Earlier in his career, he held positions at the U.S. Securities and Exchange Commission and worked as a Director with PricewaterhouseCoopers’ Global Capital Markets Group. He began his career in public accounting with KPMG.

Chris Hayes, Chief Executive Officer of Spruce, said in a statement, “With significant experience as a senior-level finance executive, Thomas is adept at navigating complex business environments with a strong focus on operational efficiencies and executing growth strategies. I am confident that his extensive financial expertise makes him the right choice to guide us during this transition, while we continue to execute on our strategic priorities.”

Cimino holds a Bachelor of Science degree in Accounting from Penn State University and an MBA from Rice University. His extensive background in financial leadership and regulatory expertise is expected to provide strong interim guidance to Spruce as the company continues its search for a permanent CFO.