Capstone Green Energy Announces The Appointment Of Christopher Close To Its Board Of Directors

Capstone Green Energy Holdings, Inc. and Capstone Green Energy, LLC. have announced the appointment of Christopher Close to their Board of Directors, effective June 16, 2025. Alongside his board role, Mr. Close is also expected to join the company’s Audit Committee. With this appointment, the total number of board members has increased to seven. Mr. Close brings over 35 years of experience in senior financial leadership, with deep expertise in corporate finance, strategic planning, mergers and acquisitions, investor relations, treasury, and accounting. His leadership background also includes responsibilities in human resources and information technology.

Bob Flexon, Chairman of the Board of Directors of Capstone, stated, “We are very excited to welcome Chris to the Capstone Board. His extensive financial expertise and business acumen will bring a valuable perspective to our journey toward financial health with sustainable excellence as we focus on discipline and long-term value creation that will fuel our growth. Chris’s experience will help accelerate Capstone’s efforts to drive strategic momentum as we enter our next phase of meaningful transformation of the Company.”

Chris Close, Capstone’s newest Board Member, said, “I’m honored to join Capstone’s Board at such a pivotal point in the Company’s journey. Capstone’s core values and vision closely align with my own, particularly the focus on financial discipline, operational excellence, and sustainable growth. I look forward to working with the leadership team and my fellow directors to help accelerate the Company’s strategic growth and deliver meaningful value for stockholders.”

Robert Powelson, Chair of the Governance & Sustainability Committee, mentioned, “We’re pleased to welcome Chris to the Board. Following a thorough selection process, we identified Chris as a strong fit based on his financial background, operational leadership, and strategic insight. His addition strengthens the Board’s capabilities as we work to enhance execution and build a more resilient and focused organization.”

He currently serves as President of Close Consulting LLC, where he advises business owners and private equity-backed companies on financial strategy, operational performance, restructuring, and organizational development. Previously, he held executive positions as Chief Financial Officer at Noramco, a global pharmaceutical company, and at Preferred Sands, a major player in the energy services sector.

In these roles, he led significant financial transformation initiatives across multi-site operations. Earlier in his career, Mr. Close held senior finance roles at Exelon, Constellation Energy, and Airgas, and began his professional journey as an auditor at PricewaterhouseCoopers. He holds an MBA from Villanova University and a bachelor’s degree in accounting from the University of Delaware. Additionally, he holds Series 7 and 66 securities licenses.