09:16 AM EDT, 10/07/2025 (MT Newswires) -- Plug Power ( PLUG ) said Tuesday it has appointed Jose Luis Crespo as president, effective Oct. 10, succeeding Sanjay Shrestha, who is leaving the company.

Crespo, the company's Chief Revenue Officer, has also been named Chief Executive Officer, effective March 2026, succeeding Andy Marsh, who will continue to serve as CEO during the transition period and has been appointed Executive Chair of the board of directors, a position he will retain after Crespo takes office as CEO.

Marsh was the company's CEO for nearly two decades, the company said.