The latest update is out from Heliogen (HLGN).
Phelps Morris is set to become the new Chief Financial Officer of the Company starting April 1, 2024, bringing over two decades of financial expertise, including significant experience in the solar industry. Morris, who has previously held high-level finance positions at several major firms, is poised to receive a salary of $400,000 and a matching target bonus, along with 75,000 restricted stock units that vest over time, contingent on his continued employment. His appointment comes with an indemnification agreement, and he has no familial or material interests that conflict with his upcoming role. Alan Gahm, the Interim CFO, will step down upon Morris’s initiation.
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