Fluence recruits SunPower CFO as CEO change becomes effective

LinkedIn
Twitter
Reddit
Facebook
Email

Global battery energy storage system integrator Fluence has revealed it is appointing a new CFO, direct from home solar and storage company SunPower, a day before its own CEO change becomes effective.

Fluence announced yesterday (31 August) that Manavendra (Manu) Sial will succeed Dennis Fehr as senior VP and CFO, effective mid-September. Mr Fehr will remain a non-executive employee until his departure from the company on 15 October 2022.

Fehr has been at Fluence since January 2018, before which he spent 12 years at Siemens, the large electronics conglomerate which founded Fluence as a joint venture with energy company AES Corporation.

Sial spent a little over four years as SunPower CFO. The home renewable energy systems firm’s own announcement about the move revealed that no permanent replacement for Dial has been lined up, but that the departure was “….not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including financial matters.” VP and treasurer Guthrie Dundas will serve as interim CFO.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

As mentioned earlier, Fluence’s announcement comes just a day before its CEO change becomes effective. The company revealed at the start of August that its executive VP and president of US & Global Business Lines Julian Nebrada would replace incumbent  Manuel Pérez Dubuc, who had been at the helm since May 2020.

That announcement came a few weeks before Fluence revealed its weak third quarter results, with sales falling 14% and order intake falling 9%, although the firm is still reaffirming full-year guidance and most other financial metrics saw an improvement.

Commenting on the appointment of Sial, Nebreda said: “I’m extremely pleased to have Manu join Fluence as we continue our focus on growing our company and achieving profitability. Manu’s track record of success as a public company CFO, his outstanding financial leadership, and breadth of experience in clean energy will be an invaluable asset to our organization as we move into our next chapter.”

Read Next

September 11, 2025
Hithium has announced its lithium-ion and sodium-ion battery energy storage system (BESS) for supporting data centres, while Storion Energy has secured its first vanadium electrolyte customer.
September 11, 2025
A flurry of large-scale BESS project news in the US from four major developer-operators, coinciding with the country’s largest clean energy trade show RE+.
Premium
September 11, 2025
US sodium-ion battery firm Natron Energy has ceased trading, putting an end to its two domestic gigafactories. The news points to the challenges for battery chemistries hoping to compete with LFP, analysts told Energy-Storage.news.
September 11, 2025
IPP DTEK Group and system integrator Fluence have together put a 200MW/400MWh BESS portfolio in Ukraine into commercial operation, a milestone praised by the country’s energy minister Svitlana Grinchuk.
September 10, 2025
Tech giant Google has announced a partnership with utility SRP to help accelerate the commercialisation of non-lithium long-duration energy storage (LDES) technology.

Most Popular

Email Newsletter