Latest news with #RandyMacEwen
The Market Online
4 days ago
- Business
- The Market Online
Ballard CEO to step down
Ballard Power Systems (TSX:BLDP) announced that Randy MacEwen will step down as president and chief executive officer The company's board of directors has appointed Marty Neese as his successor, effective July 7, 2025 Neese's prior leadership roles include chief operating officer at SunPower and Flex, where he led large-scale operational transformations Ballard Power Systems Inc. (TSX:BLDP) last traded at C$2.41 Ballard Power Systems (TSX:BLDP) announced a significant leadership transition. After more than a decade of transformative leadership, Randy MacEwen will step down as president and chief executive officer. The company's board of directors has appointed Marty Neese as his successor, effective July 7, 2025. 'It has been a true privilege to lead Ballard for the past 11 years during a dynamic period for the company and hydrogen industry,' CEO MacEwen said in a news release on his departure. 'We have built a strong foundation that has positioned the company as an industry leader. Given changing industry dynamics, including a focus on product cost reduction, it is the right time for a new leader with a strong operational background to guide Ballard into the future.' The appointment follows a comprehensive succession planning process led by the board. Neese, a seasoned executive with a strong track record in operational excellence, brings deep expertise in product standardization, cost reduction, volume production, and gross margin optimization. He has served on Ballard's board of directors for the past ten years and most recently held the role of CEO at Verdagy, a pioneering company in electrolysis and green hydrogen technologies. Neese's prior leadership roles include chief operating officer at SunPower and Flex, where he led large-scale operational transformations. His appointment signals Ballard's commitment to scaling its operations and accelerating the commercialization of hydrogen fuel cell solutions. MacEwen will continue to serve as CEO until Neese's official start date and will remain available in an advisory capacity through September 30, 2025, to ensure a smooth transition. Ballard manufactures zero-emission fuel cells for buses, commercial trucks, trains, marine vessels and stationary power. Ballard Power Systems Inc. (TSX:BLDP) last traded at C$2.41 and has risen 0.84 per cent since the year began, but has lost 35.73 per cent since time last year. Join the discussion: Learn what other investors are saying about this renewable energy stock on the Ballard Power Systems Inc. Bullboard, and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
4 days ago
- Business
- Yahoo
Ballard announces leadership transition
VANCOUVER, BC, June 16, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced a planned leadership transition. After more than a decade of transformative leadership, Randy MacEwen will step down as President and Chief Executive Officer, with Marty Neese assuming the position effective July 7, 2025. "It has been a true privilege to lead Ballard for the past 11 years during a dynamic period for the company and hydrogen industry," said Randy MacEwen. "We have built a strong foundation that has positioned the company as an industry leader. Given changing industry dynamics, including a focus on product cost reduction, it is the right time for a new leader with a strong operational background to guide Ballard into the future." The Board of Directors has appointed Marty Neese as President & CEO following a succession planning process. A seasoned executive with a deep background in operations, Mr. Neese has extensive experience in product standardization, product cost reduction, volume production, and gross margin optimization. Mr. Neese has served on Ballard's Board of Directors over the past 10 years, and as the CEO of Verdagy, an innovative electrolysis and green hydrogen company, over the past four years. Earlier in his career, he served as the chief operating officer of SunPower and Flex. With his background and experience, Mr. Neese is uniquely qualified to drive the company's next phase of growth and operational efficiency. "Marty is the right leader for Ballard as the fuel cell industry undergoes a period of rationalization and competitive realignment," said Jim Roche, Chair of the Board of Directors. "His proven track record in operational excellence, product innovation and commercialization, and cost management will ensure Ballard not only adapts to this new environment but thrives in it." "The fuel cell industry is entering a new phase, and Ballard is taking decisive steps to position itself for long-term sustainable success," said Mr. Neese. "I am honored to step into this role at a company with such a strong brand, and a leading track record for safety, technology, and proven field performance in our target markets. We have a fortress balance sheet with no requirements for near-term or mid-term financings. Working alongside our talented team, I look forward to building on this solid foundation, optimizing our operations, accelerating innovation, and unlocking long-term value for our stakeholders." The leadership transition has been carefully planned to ensure a seamless and orderly handover. Mr. MacEwen will continue to serve as the CEO until Marty's start date and then will remain available in an advisory capacity through September 30, 2025. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells enable electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated impacts of the announced leadership change. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation. Further Information Ballard Power Systems: Sumit Kundu – Investor Relations, +1.604.453.3517 or investors@ View original content to download multimedia: SOURCE Ballard Power Systems Inc.
Cision Canada
4 days ago
- Business
- Cision Canada
Ballard announces leadership transition
VANCOUVER, BC, June 16, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced a planned leadership transition. After more than a decade of transformative leadership, Randy MacEwen will step down as President and Chief Executive Officer, with Marty Neese assuming the position effective July 7, 2025. "It has been a true privilege to lead Ballard for the past 11 years during a dynamic period for the company and hydrogen industry," said Randy MacEwen. "We have built a strong foundation that has positioned the company as an industry leader. Given changing industry dynamics, including a focus on product cost reduction, it is the right time for a new leader with a strong operational background to guide Ballard into the future." The Board of Directors has appointed Marty Neese as President & CEO following a succession planning process. A seasoned executive with a deep background in operations, Mr. Neese has extensive experience in product standardization, product cost reduction, volume production, and gross margin optimization. Mr. Neese has served on Ballard's Board of Directors over the past 10 years, and as the CEO of Verdagy, an innovative electrolysis and green hydrogen company, over the past four years. Earlier in his career, he served as the chief operating officer of SunPower and Flex. With his background and experience, Mr. Neese is uniquely qualified to drive the company's next phase of growth and operational efficiency. "Marty is the right leader for Ballard as the fuel cell industry undergoes a period of rationalization and competitive realignment," said Jim Roche, Chair of the Board of Directors. "His proven track record in operational excellence, product innovation and commercialization, and cost management will ensure Ballard not only adapts to this new environment but thrives in it." "The fuel cell industry is entering a new phase, and Ballard is taking decisive steps to position itself for long-term sustainable success," said Mr. Neese. "I am honored to step into this role at a company with such a strong brand, and a leading track record for safety, technology, and proven field performance in our target markets. We have a fortress balance sheet with no requirements for near-term or mid-term financings. Working alongside our talented team, I look forward to building on this solid foundation, optimizing our operations, accelerating innovation, and unlocking long-term value for our stakeholders." The leadership transition has been carefully planned to ensure a seamless and orderly handover. Mr. MacEwen will continue to serve as the CEO until Marty's start date and then will remain available in an advisory capacity through September 30, 2025. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells enable electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated impacts of the announced leadership change. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Yahoo
06-06-2025
- Automotive
- Yahoo
Ballard Power to supply fuel cell engines to Sierra Northern Railway
Ballard Power Systems has signed a supply agreement with Sierra Northern Railway for 1.5MW of fuel cell engines, with delivery expected in 2025. The agreement is part of Sierra Northern Railway's decarbonisation strategy in California. Ballard will provide 12 FCmove-XD engines to retrofit three diesel locomotives, transitioning them to hydrogen power for zero-emission operations. The FCmove-XD modules are designed for heavy-duty applications and are a cost-effective alternative to overhead catenary systems and providing high reliability, durability, efficiency, and power density. Ballard Power Systems CEO and president Randy MacEwen said: 'We are thrilled to collaborate with Sierra Northern Railway on this groundbreaking project. 'This partnership underscores the versatility of our industry leading fuel cell technology and the critical role fuel cells can play in advancing sustainable rail solutions. We are excited to continue Ballard's momentum in decarbonising the North American freight rail sector.' Ballard fuel cells provide a sustainable solution for rail operations, delivering long-range, fast refuelling, and adaptable service across various routes and conditions. Sierra Northern Railway president Kennan H. Beard III said: 'Integrating Ballard's fuel cell modules into our switching locomotives aligns with our commitment to innovation and environmental stewardship. 'This initiative not only enhances our operational efficiency but is also a pivotal step in California's efforts to reduce greenhouse gas emissions in the transportation sector.' In April this year, Sierra Northern Railway completed tests for a four-axle, hydrogen-fuelled, zero-emission switching locomotive in West Sacramento, California. The development of this locomotive received a $4m investment from the California Energy Commission, with GTI Energy managing the project. This funding supports the design, integration, and demonstration phases, marking an essential contribution to California's clean transportation goals. "Ballard Power to supply fuel cell engines to Sierra Northern Railway" was originally created and published by Railway Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Cision Canada
05-06-2025
- Automotive
- Cision Canada
Ballard announces 1.5 MW fuel cell engine order for Sierra Northern Railway
VANCOUVER, BC, June 5, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway ( for the supply of 1.5 MW of fuel cell engines, expected to be delivered in 2025. As part of Sierra Northern Railway's efforts to decarbonize its operations across California, 12 Ballard FCmove ® -XD engines will be supplied to convert three diesel switching locomotives to hydrogen-fueled, zero-emission locomotives. The FCmove ® -XD modules are specifically designed for heavy-duty applications, offering high reliability, durability, efficiency and power density, and provide the benefits of zero emissions without the need for costly overhead catenary systems. "We are thrilled to collaborate with Sierra Northern Railway on this groundbreaking project" said Randy MacEwen, President and CEO of Ballard Power Systems. "This partnership underscores the versatility of our industry leading fuel cell technology and the critical role fuel cells can play in advancing sustainable rail solutions. We are excited to continue Ballard's momentum in decarbonizing the North American freight rail sector." Kennan H. Beard III, President of Sierra Northern Railway commented, "Integrating Ballard's fuel cell modules into our switching locomotives aligns with our commitment to innovation and environmental stewardship. This initiative not only enhances our operational efficiency but is also a pivotal step in California's efforts to reduce greenhouse gas emissions in the transportation sector." Trains powered by Ballard fuel cells offer safe and reliable zero-emission operations, including long range, fast refueling and flexible operation across a wide variety of routes and environmental conditions, acting as a 1:1 replacement of diesel engines on non-electrified rail lines. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated product deliveries, customer deployments, and customer benefits and market adoption of our products. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation. About Sierra Northern Railway Sierra Northern Railway (SERA) is the freight division of privately owned, Sierra Railroad Company. Sierra Railroad Company is also the principal owner of Sierra Energy Corporation, which has developed a proprietary waste- to- clean hydrogen technology: FastOx® gasification. Sierra Northern Railway currently operates approximately 75 miles of track in Northern California and 30 miles in Southern California through the heart of a number of the Golden State's prime industrial areas, serving a wide variety of customers, and interchanging with both BNSF Railway and Union Pacific Railroad.
