FuelCell Energy Promotes Michael Bishop to Chief
Financial Officer
DANBURY,
Conn., June 14, 2011 (GLOBE NEWSWIRE) -- FuelCell
Energy, Inc. (Nasdaq:FCEL) a leading manufacturer
of ultra-clean, efficient and reliable power plants using renewable and other
fuels for commercial, industrial, government, and utility customers, today
announced the promotion of Michael Bishop to Senior Vice President, Chief
Financial Officer, Treasurer and Corporate Secretary. Mr. Bishop, a Certified
Public Accountant, has been with FuelCell Energy
for eight years, most recently as Vice President, Controller.
Mr.
Bishop assumes the role of Chief Financial Officer effective today, replacing
Joseph Mahler.� Mr. Mahler, who was Senior
Vice President, Chief Financial Officer, Treasurer and Corporate Secretary
since 1998, has resigned to pursue a finance role with a privately held
technology company.� Mr. Mahler will remain
with FuelCell Energy during a short transition
period.
Mr.
Bishop has served as Vice President and Controller of the Company since 2007,
responsible for the Company's financial reporting and accounting operations.� He joined the Company in 2003 as
Assistant Controller and was promoted to Corporate Controller in 2004.�
"Mike's
financial experience, leadership, and extensive knowledge of the Company and
fuel cell industry are well suited for the growth phase we are experiencing
as we increase production to meet demand for our ultra-clean, efficient and
reliable power plants," said Chip Bottone,
President and Chief Executive Officer, FuelCell
Energy, Inc.� "Mike has built a solid
finance team that will help ensure a seamless transition to growth."
"We
thank Joe Mahler for his leadership, dedication and efforts over the past 13
years and wish him well in his new role," continued Mr. Bottone.
Mr.
Bishop has over 18 years of experience with public high growth technology companies.� Prior to joining the Company, he held
finance and accounting positions at TranSwitch� Corporation,
a leading provider of semiconductor solutions for the telecommunications
industry, Cyberian Outpost, Inc., an internet
retailer, and United Technologies, Inc., a diversified industrial company.� He began his finance career as an auditor
with McGladrey & Pullen, LLP.� Mr. Bishop
served four years in the United States Marine Corps.
Mr.
Bishop received a Bachelor's Degree in Accounting from Boston University in
1993 and a Master of Business Administration from the University of
Connecticut in 1999.
About
FuelCell Energy
DFC�
fuel cells are generating power at over 50 locations worldwide. The Company's
power plants have generated over 750 million kWh of power using a variety of
fuels including renewable wastewater gas, biogas from beer and food
processing, as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant
developers and power companies around the world. The Company also receives
funding from the U.S. Department of Energy and other government agencies for
the development of leading edge technologies such as fuel cells. For more
information please visit our website at www.fuelcellenergy.com