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Flux Power CEO Ron Dutt Announces Retirement Plans
Slice of Energy Team
November 25, 2024
Key Highlights:
Flux Power Chairman and CEO Ron Dutt announces his retirement after 12 years.
A national search for the next CEO is underway, led by the Board of Directors.
Dutt will remain in his role until a successor is named, ensuring a smooth transition.
Flux Power is a leader in lithium-ion energy storage solutions for commercial and industrial applications.
Source: Business Wire
Notable Quotes:
“It has been my honor to serve as Flux’s Chairman and CEO over the last 12 years, and I'm extremely proud of the team's many accomplishments. From our early days as a pre-revenue start-up and developing the market-penetrating 'lithium-ion battery pack' for the high volume ‘walkie’ pallet jack, to becoming a thriving business and recognized provider of innovative energy solutions for the motive lift and ground support equipment markets, it has been a privilege to be a part of this company."
"On behalf of the Board, management team, and employees, I want to thank Ron for his exceptional leadership and continued dedication to Flux Power. His vision and dedication have been pivotal in the formation, development, and sustained growth of Flux Power.”
Our Take:
Ron Dutt’s leadership has been instrumental in positioning Flux Power as a trailblazer in lithium-ion energy solutions. His 12-year tenure saw the company evolve from a nascent startup to a recognized industry leader, addressing critical sustainability and cost-efficiency challenges in industrial electrification. The Board’s commitment to a thoughtful succession process reflects the importance of maintaining Flux Power’s momentum and innovative legacy. With the increasing focus on ESG goals across industries, the next CEO has a strong foundation and significant opportunities to build upon.