Spruce Power Holding Corporation announced that Chris Hayes, Spruce?s Chairman of the Board, will succeed Christian Fong as President, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth.

Chris brings a wealth of experience to his role as CEO, including sustainable infrastructure investing, entrepreneurship, and technology. Chris has a long history of creating valuable intellectual property and a successful track record in generating returns for investors. He was most recently the founder and managing partner of Alturus, which develops, owns, and operates sustainable infrastructure projects for the Fortune 1000 and a pioneer in leveraging an energy-as-a-service (EaaS) platform for decarbonization.

He was also a founder and managing partner at Altenex, which was acquired by Edison International in 2015. Audrey is a clean energy executive with 20 years of experience in the private and public sectors. She is a strategic leader pioneering the next generation of energy solutions with expertise at the intersection of technology, product, and market development.

Currently, Dr. Audrey Lee is the Senior Director of Datacenter Energy Strategy at Microsoft. She succeeds director Christian Fong, who has stepped down from the Board as part of the above transition. Effective as of Transition Date, the Board also appointed Dr. Lee as a member of the Compensation Committee and Nominating and Corporate Governance Committees.