Spruce Power Picks Christian Fong As Next CEO

• Spruce Power Holding Corp (NYSE: SPRU) has appointed President and Director Christian Fong as its Chief Executive Officer, effective February 1, 2023.

• Fong will succeed Eric Tech, who will remain on the Board of Directors.

• Fong has over fifteen years of executive leadership experience in the power and energy industry.

• Fong assumed leadership of Spruce Power in 2017, where he built Spruce into the largest privately held residential solar owner/operator in North America.

• Outgoing CEO Eric Tech added, "Following on the exit of the XL Fleet Drivetrain business announced in December, today's actions effectively complete the post-merger transition plan between XL Fleet and Spruce Power."

• Related to the transition plan, the company officially moved its headquarters to Denver, Colorado, effective January 1, 2023.

• Price Action: SPRU shares are trading higher by 0.97% at $0.99 on the last check Monday.

• Photo Via Company

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