- Array Technologies of the US will be led by a new CEO with effect from April 18, 2022
- Jim Fusaro leaves the company as he plans to retire by the end of 2022, to be replaced by Kevin Hostetler
- The new CEO will lead the company as it integrates STI Norland business and execute long-term strategic initiatives
US based solar tracker manufacturer Array Technologies has got itself a new Chief Executive Officer (CEO). Kevin Hostetler will replace outgoing CEO Jim Fusaro as the latter will retire by the end of 2022.
Hostetler is set to join Array with effect from April 18, 2022, after serving in a similar position with British industrial group Rotork where he worked for the last 4 years. He is credited with leading the British company to improved margins, capital efficiency and commercial excellence. Before Rotork, Hostetler worked with FDH Infrastructure Services, also as the CEO.
“As we look toward the future under Kevin’s leadership, Array will focus on executing on our long-term strategic initiatives and integrating the STI Norland business,” said Chairman of Array Technologies, Brad Forth. “Given his immense experience in senior leadership roles, we are confident Kevin can lead Array to growth and operational excellence for the foreseeable future.”
Array recently released its annual report for 2021 reporting a net loss of $66.1 million while its revenues declined 2% owing to supplier and logistics lead time along with project delays (see Array Technologies’ 2021 Annual Results).