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- Spruce Power Appoints Clara Nagy McBane to Board of Directors
Spruce Power Appoints Clara Nagy McBane to Board of Directors
Slice of Energy Team
June 30, 2024
Key Highlights:
Spruce Power Holding Corporation appoints Clara Nagy McBane to Board of Directors.
Board expands to seven members with new appointment.
Clara Nagy McBane brings 13 years of experience in renewable energy.
Cooperation Agreement includes Clayton Capital Appreciation Fund and Clayton Partners LLC.
Spruce Power operates over 75,000 home solar assets in the U.S.
Source (Business Wire)
Notable Quotes:
“We are pleased to welcome Clara to the Board as an independent director and believe her experience will be a valuable asset as we continue to execute on our strategic vision.”
“We would like to thank the Board for its collaborative engagement in reaching this outcome, which we believe is in the best interests of all stockholders.”
Our Take:
The appointment of Clara Nagy McBane to Spruce Power's Board of Directors marks a strategic move to bolster the company’s expertise in renewable energy finance and operations. Clara’s extensive background and leadership in developing solar and storage systems will be instrumental as Spruce Power continues to expand its footprint in the distributed solar energy market. This decision aligns with Spruce Power's ongoing commitment to enhancing shareholder value and advancing its strategic objectives through strong governance and experienced leadership.