Summary
Bloom Energy Corporation (BE) has announced a key executive appointment, naming Aman Joshi as its new Executive Vice-President, Chief Commercial Officer, effective January 5, 2024. Mr. Joshi brings extensive experience in the power generation sector, having spent over two decades at General Electric in various leadership and financial roles, including General Manager of GE's Aeroderivative Gas Turbine units business and CFO positions. His appointment signals a strategic move to bolster the company's commercial leadership. Mr. Joshi's compensation package is structured with a base salary of $575,000 and a guaranteed target annual incentive bonus of 50% of his base salary for 2024 and 2025, along with a target annual sales bonus of 50%. He will also receive a $400,000 sign-on bonus and significant equity awards, including 150,000 RSUs and 225,000 PSUs with performance-based vesting, underscoring the company's commitment to retaining and incentivizing top talent. The filing also details Mr. Joshi's severance and change-in-control provisions, as well as the terms of Guillermo "Billy" Brooks' departure.
Key Highlights
- 1Bloom Energy appoints Aman Joshi as Executive Vice-President, Chief Commercial Officer.
- 2Joshi has over 22 years of experience at General Electric, including leadership in GE Vernova's power generation business.
- 3Joshi's compensation includes a $575,000 base salary and a guaranteed target annual bonus of 50% for 2024-2025.
- 4A $400,000 sign-on bonus and substantial equity awards (150,000 RSUs, 225,000 PSUs) are part of the new executive's package.
- 5Significant severance and change-in-control provisions are included in Joshi's employment agreement.
- 6The departure of former executive Guillermo “Billy” Brooks is also detailed, including his separation package.