07:10 AM EDT, 06/17/2025 (MT Newswires) -- Ballard Power Systems ( BLDP ) late on Monday appointed Marty Neese as president and chief executive, effective July 7.

Neese succeeds Randy MacEwen who is stepping down after more than a decade at the helm. MacEwen will continue to serve as the CEO until Neese's start date and then will remain available in an advisory capacity through September 30, added the company.

Neese has "extensive experience" in product standardization, product cost reduction, volume production, and gross margin optimization, the company said. He has served on Ballard's board over the past 10 years, and as the CEO of Verdagy, an electrolysis and green hydrogen company, for the past four years.

In U.S. pre-market trading, Ballard Power Systems ( BLDP ) was last seen unchanged at $1.79.