Spruce Power Holding Corporation announced that Sarah Wells has been appointed Chief Financial Officer, effective May 19, 2023. Mrs. Wells succeeds Don Klein, who is departing in connection with the previously announced transition from XL Fleet to Spruce Power executive management. Sarah Wells brings considerable industry experience and expertise with disruptive sustainability strategies and is a long-time Spruce Power leader in cost efficiency and growth enablement.

Mrs. Wells joined Spruce Power in 2018 and most recently served as Senior Vice President, Finance and Accounting and Head of Sustainability, managing financial planning and analysis, accounting and reporting, treasury and various operations duties. Prior to joining Spruce Power, she held various positions of progressive responsibility in finance and accounting, including as Finance and SOX Manager, at Cornerstone Building Brands (formerly NCI Building Systems Inc.), at that time North America's largest publicly traded integrated manufacturer of metal building products. Earlier in her career, she served as a senior auditor at PKF Texas, working with various public companies including IPOs and mergers.

Mrs. Wells earned a Bachelor of Business Administration in Accounting from the University of Lafayette.