Pineapple Holdings (PEGY) has provided an announcement.
James R. Brennan has been appointed as the Chief Operating Officer of Pineapple Energy Inc., bringing over three decades of experience in corporate strategy and development. He has been with the company as Senior Vice President since November 2022, following the acquisition of SUNation Energy, where he was the Chief Growth Officer. His compensation remains unchanged with this new appointment. Pineapple Energy’s acquisition of SUNation included a mix of cash, promissory notes, and company stock, with additional earn-out payments contingent on EBITDA growth. The company has recently faced a demand for a missed earnout payment, highlighting financial commitments following the SUNation deal.
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