Clean Energy Fuels Corp. has announced a significant leadership change with the appointment of Jason J. Armstrong as the new Chief Financial Officer (CFO). This transition follows the departure of Robert M. Vreeland, who held the position prior to Armstrong. The change is effective as of October 6, 2026, and is expected to bring a fresh perspective to the company’s financial operations.
Armstrong, who has been with Clean Energy Fuels since 2015, previously served as the Vice President and Corporate Controller. His extensive experience includes roles in SEC reporting and assurance services at EY, where he worked for over a decade. This appointment comes at a crucial time for the company as it seeks to enhance its financial strategy and operations.
Background
Clean Energy Fuels Corp. operates within the gas and other services combined industry, classified under SIC 4932. The company is publicly traded on the Nasdaq under the ticker symbol CLNE. Established in Delaware, Clean Energy Fuels focuses on providing natural gas as an alternative fuel for vehicle fleets.
What the Filing Says
The recent filing reveals that Armstrong's appointment was made without any arrangements or understandings with other parties. It also confirms that he has no familial relationships with other executives or directors of the company. Armstrong's employment agreement includes a base salary of $500,000 and eligibility for an annual bonus of up to 100% of his salary based on performance.
Impact
This leadership change may affect various stakeholders, including employees, investors, and customers. With Armstrong’s extensive background in financial reporting and corporate governance, the company aims to strengthen its financial position and strategic initiatives.
What's Next
The filing does not say what happens next.