DealFlow.energy

Sanjay Shrestha departed Plug Power as President.

Shrestha exits the President role at Plug as the company unveils its broader CEO succession plan. Plug subsequently sued Shrestha alleging post-departure violations of restrictive covenants — a sour ending to a key tenure.

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Jose Luis Crespo has been named President at Plug Power (from Chief Revenue Officer, Plug Power).

11-year Plug veteran and CRO Crespo named President effective Oct 10, with CEO succession set for March 2026. Architect of Plug's $8B+ sales funnel and Amazon/Walmart/Home Depot relationships.

Press release ↗

George McNamee was appointed Lead Director at Plug Power (from Director, Plug Power).

McNamee elevated to Lead Director as Plug Power restructures the board and CEO suite — a governance signal alongside the Marsh-to-Crespo handoff.

Press release ↗

Laura V. Swett is the new Chairman at Federal Energy Regulatory Commission (from Energy Litigation Partner, Vinson & Elkins).

Vinson & Elkins energy litigator (15-year FERC practice) confirmed by Senate Oct 7, 2025 alongside LaCerte; designated FERC Chair by Trump immediately after, replacing interim chair Rosner. Restores FERC to a 5-member commission and shifts the body to a 3-2 Republican majority during the data-center load-interconnect debate.

Press release ↗

David A. LaCerte is the new Commissioner at Federal Energy Regulatory Commission (from Principal White House Liaison and Senior Advisor to the Director, U.S. Office of Personnel Management).

Confirmed by Senate Oct 7, 2025 alongside Swett. Brings FERC back to a full 5-member commission for the first time during 2025; expected to focus on grid reliability and generator interconnection reform.

Press release ↗

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