Leadership Shakeup and Analyst Concerns Rattle Plug Power

Plug Power finds itself navigating turbulent waters following a series of significant corporate developments. The hydrogen technology firm is undergoing a major leadership transition and facing renewed scrutiny from market analysts, raising questions about its near-term trajectory.

The company announced that Andy Marsh, after nearly two decades at the helm, will be passing the chief executive officer role to Jose Luis Crespo. This transition is scheduled for March 2026, at which point Marsh will assume the position of Executive Chairman. Effective immediately, Crespo has taken on the role of President.

In a separate but simultaneous move, President Sanjay Shrestha has submitted his resignation, also effective immediately. The company has not provided any explanation for Shrestha’s departure. The concurrent timing of these... Read more...