Altus Power (AMPS) has provided an announcement.
Altus Power, Inc. announced the resignation of Lars Norell as Co-Chief Executive Officer and director, effective April 26, 2024, with no disagreements cited as the cause. Norell will receive a generous severance package, including 18 months’ salary and additional benefits, provided he doesn’t rescind the agreement. Following his departure, Gregg Felton has been appointed as the sole CEO, and the company has reaffirmed its financial guidance for the year 2024. Votes for Norell in the upcoming Annual Meeting will not be counted.
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