Business
Soluna Holdings to Appoint John Belizaire as CEO
Belizaire Becomes CEO of Holdings and Operating Companies ALBANY, N.Y.--(BUSINESS WIRE)-- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the
About this update from Soluna Holdings, Inc.
[{"type":"text","content":"\nBelizaire Becomes CEO of Holdings and Operating Companies\n\n ALBANY, N.Y.--(BUSINESS WIRE)--\nSoluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that John Belizaire will be promoted to CEO of Soluna Holdings, Inc. in addition to his role as CEO of Soluna Computing, Inc.\n\nBelizaire is one of the founders of Soluna Computing, Inc. prior to its acquisition by Mechanical Technology, Inc. (MTI) and will succeed Michael Toporek as CEO of Soluna Holdings, Inc. In this transition, Toporek will become Executive Chairman of the Board of Directors, succeeding William Phelan, who will become Lead Independent Director of the Company. David Michaels will remain on the Board and head of the audit committee after Phelan takes over the role. The effective date of these changes will be no later than April 30, 2023.\n\nThe appointment of Belizaire comes at a pivotal time for the Company as it prepares to energize its flagship project in Texas after securing its strategic round of funding from Spring Lane Capital. With this transition, the organization will begin to tightly align functions of its Holdings and Operating company to be more efficient on its expected path to profitability post-Dorothy energization.\n\nJohn Belizaire, CEO of Soluna Holdings, stated, “I want to thank Michael for the tremendous partnership we have had over the past year to get the company set up for success once our flagship project is operational. When we founded Soluna we had the vision to make renewable energy a superpower and solve the wasted energy problem. It’s amazing to see how our Project Sophie and Project Dorothy data centers are making it a reality and are repeatable blueprints for our business.”\n\nMichael Toporek, incoming Executive Chairman of the Board, stated, “I have had the privilege to work with John on and off for over 20 years. He is one of the best CEOs I have ever worked with. I know he will successfully build this company and maximize its potential.”\n\nSafe Harbor Statement\n\nThis announcement contains forward-looking statements. These statements are made under the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking st...