Flux Power announces planned retirement of CEO Ron Dutt

Flux Power (FLUX) Holdings announced that its Chairman and Chief Executive Officer, Ron Dutt, intends to retire from the company. The company’s Board of Directors is executing a comprehensive succession plan and search to identify the next CEO with the assistance of a nationally recognized search firm. Dutt will remain in his roles until the search for his successor is complete. Dutt commented, “It has been my honor to serve as Flux’s Chairman and CEO over the last 12 years, and I’m extremely proud of the team’s many accomplishments. From our early days as a pre-revenue start-up and developing the market-penetrating “lithium-ion battery pack” for the high volume ‘walkie’ pallet jack, to becoming a thriving business and recognized provider of innovative energy solutions for the motive lift and ground support equipment markets, it has been a privilege to be a part of this company. I am grateful to the entire Flux team for what we were able to achieve together, and I look forward to supporting my successor through a successful transition.”