Flux Power CEO Ron Dutt Announces Retirement Plans
Slice of Energy Team
11/25/2024
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
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." ”
Ron Dutt, Chairman and CEO at 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.
