-PRESS RELEASE-
Herman Bulls, Cynthia Arnold, Elizabeth Fessenden, and Harald Von Heynitz joined Fluence's board of directors upon consummation of its IPO on October 27, 2021.
ARLINGTON, VA. – December 2, 2021 – As previously disclosed in the prospectus of Fluence Energy Inc. (NASDAQ: FLNC) (the “Company”), filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 424(b)(4) on October 29, 2021 in connection with the Company’s initial public offering (the “IPO Prospectus”), Herman Bulls, Cynthia Arnold, Elizabeth Fessenden, and Harald Von Heynitz each joined the Company’s board of directors (the “Board”) upon consummation of the Company’s initial public offering on October 27, 2021. Mr. Bulls serves as chairman of the Board. These four directors bring decades of experience in corporate leadership at Fortune 500 companies, with strong records of innovation and growth. Biographical and professional information with respect to each of these four directors, as previously disclosed in the IPO Prospectus, is presented below.
Herman Bulls currently serves as vice chairman, Americas and international director and founder of JLL’s Public Institutions business unit, which specializes in delivering comprehensive real estate solutions to nonprofit organizations, higher education institutions, and governments at the federal, state, and local levels. Prior to joining JLL, Bulls completed nearly 12 years of active-duty service with the U.S. Army. He retired as a Colonel in the U.S. Army Reserves in 2008 and received the Legion of Merit award for his leadership and strategic thinking skills. Bulls currently serves on the board of directors for Host Hotels and Resorts since June 2021, USAA since 2010, American Campus Communities since January 2021, Comfort Systems USA since 2001, Collegis Education since September 2020, American Red Cross since September 2016, Military Bowl by Northrup Grumman since 2010, and the West Point Association of Graduates since 1996. He holds an MBA from Harvard Business School and a bachelor’s degree in engineering from the United States Military Academy at West Point.
“Herman has a long history of bringing innovation and strategic expertise to support mission-driven organizations,” said Manuel Perez Dubuc, Fluence’s CEO. “We’re excited to welcome him as our new chairman of the board and look forward to the leadership and experience he will contribute to the company.”
“I am passionate about Fluence’s track record of innovation and use of technology to drive the clean energy transition,” said Herman Bulls. “Fluence is well-positioned to drive meaningful change in the way we power our world, and it is a privilege to help guide the company as it continues to grow and accelerate its business.”
Cynthia Arnold previously served as the Chief Technology Officer for Valspar from 2011 to July 2017, leading the company’s global technology activities and becoming an officer of the company. Arnold joined Valspar from Sun Chemical where she served as Chief Technology Officer from 2004 to 2011. Prior to Sun Chemical, she served as Vice President, Technology, Coatings Adhesives and Specialties, for Eastman Chemical from 2003 to 2004 and in R&D and business leadership positions with General Electric from 1994 to 2003. Dr. Arnold was a Sloan Executive Science and Engineering Fellow in the White House Office of Science and Technology Policy, and she currently serves on the boards of Cabot Corporation, Milliken & Co., Avantium, Citrine Informatics, and on the External Advisory Board of the University of Minnesota Department of Chemical Engineering and Materials Science. Arnold holds a doctorate in materials science and engineering from Virginia Polytechnic Institute and State University, and an MBA and bachelor’s degree in chemical engineering from the University of California, Berkeley.
Elizabeth Fessenden is a strategic leader with demonstrated success in profit and loss management from over twenty-five years as a senior executive with Fortune 100 global industrial manufacturing company, Alcoa Inc, and private equity firm American Capital. She has extensive experience as a board director and leader for public and private companies including experience as chair of Compensation, Governance, Audit, and CEO Search. Fessenden currently serves as an Independent Director on a number of boards of directors, including at Meritor since June 2021, Alpha Metallugical Resources since February 2021, Ampco-Pittsburgh Corporation since August 2017, Plan International USA since November 2017, and Quarles Petroleum since 2015. She holds an MBA, master’s degree in systems engineering, and bachelor’s degree in electrical engineering from Clarkson University.
Harald von Heynitz is a senior accountant and auditor certified in Germany and the United States with extensive experience in accounting, auditing, financial, and business advisory. He has been registered in own practice since January 2020 and started as a member of management of FAS Steuerberatungsgesellschaft mbH, Munich in March 2020. Von Heynitz worked at KPMG in Munich and New York for thirty-three years. He became a partner in 1999 and has served as Audit Lead Partner and/or Global client Lead Partner at large publicly listed companies including Siemens, Airbus Group, and Linde. Von Heynitz currently serves as Chairman of the Audit, Compliance and Related Party Transactions Committee and Member of the Appointments and Remunerations Committee for the Siemens Gamesa Renewable Energy SA board of directors. He graduated with a degree in business administration from the University of Munich and has been certified as a tax consultant and certified public accountant in Germany for twenty-five years. He is also a certified public accountant in the U.S. and has been a member of the AICPA for twenty-two years.
“Cynthia’s technology expertise, Elizabeth’s experience with industrial manufacturing, and Harald’s deep understanding of finance and auditing will be tremendous assets to Fluence as we embark on the next phase of our growth,” said Perez Dubuc. “I look forward to working with them and benefitting from their passion and knowledge as we continue our mission to transform the way we power our world for a more sustainable future.”
The Full Fluence Board, as previously disclosed in the prospectus of the Company, also includes: Julian Nebreda, Lisa Kruger and Chris Shelton, as Board representatives of The AES Corporation; Barbara Humpton, Emma Falck and Axel Meier as Board representatives of Siemens; Simon Smith as a Board representative of the Qatar Investment Authority; and Manuel Perez Dubuc, Chief Executive Officer of the Company.
ABOUT FLUENCE
Fluence, a Siemens and AES company, is a global market leader in energy storage products and services, and digital applications for renewables and storage. The company has more than 3.4 GW of energy storage deployed or contracted in 29 markets globally, and more than 4.5 GW of wind, solar, and storage assets optimized or contracted in Australia and California. Through our products, services and AI-enabled Fluence IQ platform, Fluence is helping customers around the world drive more resilient electric grids and a more sustainable future. For more information about Fluence, please visit: fluenceenergy.com
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