Hydrogenics Corporation (TSX:HYG.TO; NASDAQ:HYGS), a manufacturer of hydrogen and fuel cell products, announced that Daryl Wilson, has been appointed President and CEO. Wilson replaces co-founder Pierre Rivard, who announced in September that he would move into the advisory role of Executive Chair upon the successful completion of a search for his successor.
“Hydrogenics has reached the point where we’re ready to move beyond the early development stage and exploit the tremendous commercial opportunities that are emerging in this industry,” said Mr. Wilson. “The board of directors and Pierre recognized that new, yet complementary, management skills were needed for this next step in the company’s development.”
Wilson has held senior positions with Royal Group Technologies, ZENON Environmental, TOYOTA and Dofasco.
“With Daryl’s tremendous leadership related to growth and operational excellence in technology development and manufacturing, and with Pierre’s continued involvement as an industry statesman and strategic advisor, Hydrogenics now has the essential strength to build on its market and technology leadership in hydrogen and fuel cell products and systems,” said Lead Director Norman Seagram. “Pierre has been a driving force behind Hydrogenics’ success since its inception, and Daryl provides new areas of management expertise and execution that will benefit our shareholders, employees and customers.”
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