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Associated Press
23-06-2025
- Business
- Associated Press
Capstone Green Energy Appoints Christopher Close to Its Board of Directors
LOS ANGELES--(BUSINESS WIRE)--Jun 23, 2025-- Capstone Green Energy Holdings, Inc. (the 'Company' or 'Capstone') (PINK: CGEH) and Capstone Green Energy, LLC., today announced the appointment of Christopher Close to the Company's Board of Directors, effective June 16, 2025. It is also expected that Mr. Close will be appointed to the Board's Audit Committee. In connection with the appointment of Mr. Close, the Board expanded the size of the Board to seven members. 'We are very excited to welcome Chris to the Capstone Board,' said Bob Flexon, Chairman of the Board of Directors of Capstone. '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.' Mr. Close brings more than 35 years of senior financial leadership experience, grounded in corporate finance and strategic execution. His background spans financial planning and analysis, investor relations, mergers and acquisitions, treasury, accounting, as well as additional leadership experience in human resources and information technology. Mr. Close is currently President of Close Consulting LLC, where he advises business owners and private equity portfolio companies on complex financial strategies, operational performance, restructurings, and organizational effectiveness. His prior executive roles include serving as Chief Financial Officer at Noramco, a global pharmaceutical manufacturer, and at Preferred Sands, a leading energy services provider, where he spearheaded transformational financial initiatives across multi-site operations. Earlier in his career, Mr. Close held senior finance positions at Exelon, Constellation Energy, and Airgas and began his professional journey as an auditor at PricewaterhouseCoopers. He holds Series 7 and 66 securities licenses and earned an MBA from Villanova University and a bachelor's degree in accounting from the University of Delaware. 'I'm honored to join Capstone's Board at such a pivotal point in the Company's journey,' said Chris Close, Capstone's newest Board Member. '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.' 'We're pleased to welcome Chris to the Board,' added Robert Powelson, Chair of the Governance & Sustainability Committee. '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.' About Capstone Green Energy For almost four decades, Capstone Green Energy has been at the forefront of clean technology using microturbines and revolutionizing how businesses manage their energy supply on a sustainable basis. In partnership with our worldwide team of dedicated distributors, we have shipped over 10,000 units to 83 countries, lowering our clients' carbon footprint with highly efficient on-site energy systems and microgrid solutions. Today, our commitment to a cleaner future is unwavering. We offer customers a range of microturbine products ranging from 65kW to multiple MW's for the commercial, industrial, and utility-scale spaces uniquely tailored to their specific needs. Capstone's solutions portfolio not only showcases our core clean technology microturbines but also includes flexible Energy-as-a-Service (EaaS) offerings, including build, own, and operate models, as well as rental services. Capstone's fast, turnkey power rental solutions are intended to address customers with limited capital or short-term needs; for more information, contact [email protected]. In our pursuit of cutting-edge solutions, we've forged strategic partnerships to extend our impact. Through these collaborations, we proudly offer solutions that utilize renewable gas products and heat recovery solutions. These solutions greatly enhance the sustainability and efficiency of our client's operations while contributing to a cleaner and more responsible sustainable energy landscape. For more information about the Company, please visit Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube. Cautionary Notes This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has tried to identify these forward-looking statements by using words such as 'expect,' 'anticipate,' 'believe,' 'could,' 'should,' 'estimate,' 'intend,' 'may,' 'will,' 'plan,' 'goal' and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the Company's liquidity position and ability to access capital; the Company's ability to continue as a going concern; the Company's ability to successfully remediate the material weaknesses in internal control over financial reporting; the Company's ability to realize the anticipated benefits of its financial restructuring; the Company's ability to comply with the restrictions imposed by covenants contained in the exit financing and the new subsidiary limited liability company agreement; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policies; employee attrition and the Company's ability to retain senior management and other key personnel; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the impact of litigation and regulatory proceedings; the potential material adverse effect on the price of the Company's common stock and stockholder lawsuits. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. View source version on CONTACT: Capstone Green Energy Investor and investment media inquiries: 818-407-3628 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: GREEN TECHNOLOGY ALTERNATIVE ENERGY ENERGY ENVIRONMENT UTILITIES SOURCE: Capstone Green Energy Copyright Business Wire 2025. PUB: 06/23/2025 09:15 AM/DISC: 06/23/2025 09:14 AM
Forbes
28-05-2025
- Business
- Forbes
How To Find Your Optimal Performance Zone In Business
How to find your optimal performance zone in business Most entrepreneurs set arbitrary limits on their output before they know what's actually possible. They decide to post twice a week, work eight hours a day, or launch one product per quarter without testing whether they could handle more. This cautious approach keeps them trapped in mediocrity. Successful founders take a different path. Gary Vaynerchuk built Wine Library TV by posting daily videos for years before finding his sustainable rhythm. Sara Blakely worked nights and weekends on Spanx prototypes while maintaining her day job to test her capacity before going full-time. Reid Hoffman famously works in intense sprints followed by strategic recovery periods at LinkedIn and his venture capital firm. They deliberately test their maximum capacity first, then intelligently dial back to find their optimal zone. This data-driven approach to performance beats guessing every time. The magic happens when you dial back from extremes to find your optimal zone. After testing your edges, you can intelligently choose a sustainable rhythm based on experience rather than guesswork. This approach creates sustainable excellence: performing at your best without burning out. Here's how to do it with style. High standards become energizing when you frame them as a game rather than a burden. I hold myself to extremely demanding standards, but it never feels like work or grinding because I'm curious about what's possible. How far can someone push this? What happens at the edge? This playful curiosity transforms the experience of pushing boundaries. After testing extremes, you can design personalized constraints that work for your specific situation. Maybe you discover three deeply focused content pieces monthly works better than rushing multiple each week. Or perhaps two intense training sessions weekly with perfect recovery outperforms five mediocre workouts. Track relevant results over time. Then make optimizations based on real data about your performance. Excellence requires cycles of intensity and recovery. By deliberately creating these cycles rather than avoiding them, you maximize their power. Plan periods of pushing boundaries followed by consolidation. Intentional oscillation produces better long-term results than constant moderation. The rhythm becomes your secret weapon. When you have your system set up, apply it to your projects. Here's how to get started testing your edges to find your optimal performance zone. Define a specific challenge with defined boundaries and a clear endpoint. Make it ambitious enough to stretch you significantly, but with a finish line in sight. I ran a 30-day YouTube challenge that fit this framework. It had both intensity and a clear end date. Schedule regular moments to capture what you're learning during the process. What's easier than expected? Where are you struggling? Which systems are working? Don't quit a sprint without trying a few tweaks to make it work. This ongoing data collection makes the experience infinitely more valuable. Before you begin, plan how you'll transition from extreme testing to sustainable practice. What metrics will guide your decisions? How will you determine your optimal frequency? Having this strategy prevents the all-or-nothing trap that causes many people to abandon their progress entirely. Track both performance and sustainability metrics. Performance tells you what's possible, while sustainability indicates what's repeatable. Together, they reveal your personal optimal zone. This is the sweet spot where you produce excellent work consistently without fatigue. Testing your limits first gives you an unfair advantage over entrepreneurs who never discover their true capacity. You'll know exactly how much you can handle during busy periods, what recovery you need, and where your breaking points lie. Most founders operate on assumptions about their capabilities. You're operating from real data. That's the difference between playing to win and playing not to lose. Test your edges, find your zone, then dominate from there.
