Fluence Energy, Inc. announced that current board member Julian Nebreda will succeed Manuel Pérez Dubuc as President and Chief Executive Officer of the Company, effective September 1, 2022. Mr. Nebreda, age 56 has been a member of the Company's Board of Directors since September 2021. Most recently, Mr. Nebreda served as the Executive Vice President and President of US & Global Business Lines for The AES Corporation.

In this role, Mr. Nebreda was responsible for AES' renewables' growth in the US through its clean energy business, which included development and implementation of robust supply chain strategies. Mr. Nebreda previously led AES' South America and Europe business units, including AES' various publicly-listed subsidiaries. Before joining AES, Mr. Nebreda held roles in the public and private sectors.

Mr. Pérez Dubuc will step down from his role as Chief Executive Officer, effective August 31, 2022 and is expected to resign as a director from the Board, effective August 31, 2022. Mr. Nebreda is expected to take office effective September 1, 2022, following a transition period with Mr. Pérez Dubuc, to ensure a smooth handover. Mr. Nebreda will remain on the Company's Board.