Capstone Green Energy Holdings, Inc. 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.”

“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.”

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