Market leader reorganizes its management to accelerate market delivery and growth.
As part of the reorganization Stephen L. Prince will take over as President and CEO from James McDougall, who has led the company since March of 2014. The supervisory board thanked James for his many contributions to Younicos over the past years, including the strategic acquisition of the Xtreme Power assets and the vision and execution necessary to achieve our recent $50 million funding round.
Stephen takes over with a mandate to focus on delivery of modular customer solutions. With the benefit of a solid balance sheet and our leading track record in energy storage power management and renewable generation integration, Younicos will further focus the organization around delivery of energy services and solutions, leveraging our technology and expertise.