Array Technologies assigns new CEO as Jim Fusaro calls time at the business
- US solar tracker provider Array Technologies has actually assigned Kevin Hostetler as its new CEO after its current CEO Jim Fusaro stated his purpose to retire by the end of the year.
Hostetler, that will certainly assume the role on 18 April, does not have a solar background yet has a performance history of growing firms in the infrastructure, engineering and also construction solution sector.
For the last four years, Hostetler worked as CEO at FTSE 250 company Rotork, where he led the company's 'Growth Acceleration Programme' that drove enhanced margins, capital performance as well as commercial excellence, Array said in a media declaration.
Before this, Hostetler has actually served as the CEO of FDH Infrastructure Services, an executive advisory to Wind Point Partners as well as rising management roles over seven years at IDEX Corporation. He additionally invested seven years at Ingersoll Rand in modern revenue as well as loss (P&L) leadership and service advancement roles within the Industrial Technologies Segment.
" Array is a fantastic junction of my deep experience in engineered items and actuation, and also my enthusiasm for the setting," stated Hostetler.
Brad Forth, chairman of Array Technologies, thanked Fusaro for his dedication to the company as well as stated he had actually been "critical" in leading Array via its initial public offering as well as purchase of STI Norland.
Welcoming Hostetler to the team, Forth said: "As we look toward the future under Kevin's leadership, Array will certainly concentrate on carrying out on our long-lasting strategic initiatives and also incorporating the STI Norland organization."
Array completed its procurement of Spanish tracker manufacturer STI Norland in January, developing what Array has claimed to be the "biggest tracker firm in the world".
After a difficult 2021, Array hopes the purchase of STI Norland for US$ 652 million will enable it to reinforce its supply chains, accessibility new markets as well as capitalise on neighborhood web content requirements in some areas.
A lot more recently, Array landed an offer to provide 1GW of its DuraTrack HZ v3 single-axis solar trackers to solar designer Primergy Solar's solar and storage Gemini project in Nevada, United States.