Summary
Bloom Energy Corporation (BE) has announced the departure of its Executive Vice President and Chief Sales Officer, Chris White, effective March 2, 2021. While Mr. White is no longer in his role as of March 5, 2021, the separation agreement includes continued salary and sales commission payments through June 1, 2021. Additionally, his outstanding equity awards will continue to vest during this period. The company will also cover COBRA premiums for Mr. White until September 1, 2021, subject to a release of claims. This departure of a key sales executive may warrant investor attention regarding the company's sales leadership and strategy moving forward.
Key Highlights
- 1Chris White, EVP and Chief Sales Officer, has departed Bloom Energy Corporation.
- 2The departure was effective as of March 2, 2021, with his resignation announced on March 5, 2021.
- 3Mr. White will continue to receive salary and sales commissions through June 1, 2021.
- 4Vesting of Mr. White's outstanding equity awards will continue through June 1, 2021.
- 5Bloom Energy will provide COBRA premium coverage for Mr. White until September 1, 2021.
- 6These benefits are contingent upon Mr. White signing a release of claims.
- 7The filing does not specify the reasons for Mr. White's departure.