Capstone Green Energy Welcomes Christopher Close to Board of Directors: A Strategic Addition to Drive Growth and Financial Discipline
Capstone Green Energy Holdings, Inc. (“Capstone” or the “Company”) and Capstone Green Energy, LLC have officially announced the appointment of Christopher Close to the Company’s Board of Directors, effective June 16, 2025. Mr. Close is also expected to join the Board’s Audit Committee, adding his expertise to a critical area of governance. With his appointment, the Board has expanded to seven members, a move signaling Capstone’s intention to broaden its strategic depth during a crucial phase of transformation and renewal.
A Strategic Appointment for a Transformational Phase
Bob Flexon, Chairman of Capstone’s Board of Directors, emphasized the significance of Close’s appointment, stating, “We are very excited to welcome Chris to the Capstone Board. 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.” Flexon underlined that Close’s deep experience in financial leadership and strategy will support the company’s current trajectory toward operational excellence, stability, and enhanced shareholder value.
This appointment is taking place as Capstone continues to emerge from a challenging operational and financial period. As the company sharpens its strategic focus and seeks new avenues for growth, Close’s entry marks a reinforcing move to build resilience and improve performance across all levels of the organization.
A Distinguished Career in Financial Leadership
Christopher Close brings with him more than 35 years of high-level financial and executive leadership experience. His professional journey has been deeply rooted in corporate finance, strategic planning, mergers and acquisitions, and organizational transformation. His skill set also extends to human resources and information technology—offering Capstone a multidimensional perspective as it refines its business model and financial systems.
Currently, Close serves as President of Close Consulting LLC, a firm that provides strategic guidance to business owners and private equity-backed companies. His consulting work focuses on complex financial strategies, operational improvement, and structural realignments. In this role, Close has demonstrated a keen ability to turn around underperforming operations, drive cost efficiencies, and streamline decision-making in complex organizational environments.
Track Record of Impactful Leadership
Prior to his consulting work, Close held pivotal financial roles at several major organizations. Notably, he served as Chief Financial Officer at Noramco, a global pharmaceutical manufacturing company, and Preferred Sands, an innovative energy services provider. At both companies, he led large-scale financial transformations, restructuring initiatives, and operational integrations across geographically dispersed operations. His ability to steer companies through restructuring and realignment has proven invaluable in both stable and volatile markets.
Earlier in his career, Close held senior financial roles at Exelon, a Fortune 100 energy provider; Constellation Energy, a leading supplier of power and gas; and Airgas, a major supplier of industrial gases and equipment. He began his professional journey as an auditor with PricewaterhouseCoopers, gaining a solid foundation in financial controls and compliance—skills that continue to inform his strategic leadership to this day.
Close holds Series 7 and 66 securities licenses, underlining his knowledge of investment management and regulatory standards. He also earned an MBA from Villanova University and holds a bachelor’s degree in accounting from the University of Delaware.
A Vision Aligned with Capstone’s Core Mission
In a statement following the announcement, Close expressed both humility and enthusiasm about joining the Board:
“I’m honored to join Capstone’s Board at such a pivotal point in the Company’s journey. 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.”
This alignment between Close’s philosophy and Capstone’s emerging priorities underscores why he was chosen from what the company describes as a thorough and deliberate selection process.
Reinforcing Governance and Strategic Execution
Robert Powelson, Chair of Capstone’s Governance & Sustainability Committee, echoed the company’s enthusiasm about the appointment.
“We’re pleased to welcome Chris to the Board. 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.”
The Board views Close’s appointment as a direct investment in the company’s strategic governance capacity. His experience in both private and public enterprises, across multiple sectors—particularly energy, industrial services, and pharmaceuticals—brings a well-rounded approach that can help Capstone stay agile in an evolving global energy landscape.
Capstone’s Forward Momentum
This leadership change arrives at a time when Capstone is focused on reinvention, driven by a renewed emphasis on sustainable energy technologies and disciplined financial performance. The company, long known for its microturbine energy systems and distributed generation solutions, is recalibrating its priorities in light of market demands and investor expectations.
The addition of Close to the Board is not just a ceremonial move—it’s a signal to the market and stakeholders that Capstone is serious about its next phase of development. The company seeks to fortify its internal operations while enhancing innovation, customer alignment, and shareholder returns.
With the broader clean energy transition gaining momentum globally, Capstone is positioning itself as a flexible, tech-forward energy solutions provider. To accomplish this, it must rely not only on technological innovation but also on strategic governance, fiscal stewardship, and disciplined execution. These are precisely the areas where Close has built a reputation for excellence.
