By: ICN Bureau
Last updated : October 08, 2025 3:14 pm
Plug also announces that Sanjay Shrestha will step down as President of the company, effective October 10, 2025
Plug Power, a global leader in end-to-end hydrogen solutions for the hydrogen economy, announces the appointment of Jose Luis Crespo as President, effective as of October 10, 2025, and as its new Chief Executive Officer. Crespo will succeed Andy Marsh as CEO.
Marsh will continue to serve as CEO during the transition period and has been appointed Executive Chair of the Board, a position he will retain following March 2, 2026. In conjunction, George McNamee has been named Lead Director. Both Board appointments are effective October 10, 2025. Together, these leadership changes underscore Plug’s ongoing commitment to continuity, disciplined execution, and long-term shareholder value creation.
Crespo joined Plug in 2014, most recently serving as Chief Revenue Officer. Over more than a decade with the company, Crespo has played a pivotal role in Plug’s growth as the primary architect of a sales funnel exceeding $8 billion in transformational opportunities.
He leads Plug’s revenue strategy and oversees global sales and commercial operations across all products and applications, driving both top- and bottom-line performance through disciplined cost management and a focus on profitability.
Plug also announces that Sanjay Shrestha will step down as President of the company, effective October 10, 2025.