Management ChangeOct 7, 2026, 08:21 AM
FuelCell Energy CFO Michael Bishop Departs; Matthew Latino Appointed
AI Summary
FuelCell Energy, Inc. announced a change in its Chief Financial Officer role. Michael S. Bishop will step down as Executive Vice President, Chief Financial Officer and Treasurer, effective October 6, 2026. He will transition to a Senior Advisor role for six months, receiving a salary of $461,591 and severance benefits upon separation, including accelerated vesting of restricted stock units. Matthew Latino has been appointed as the new Executive Vice President, Chief Financial Officer and Treasurer, effective October 7, 2026. Latino brings extensive financial experience from his previous roles at Xylem Inc.
Key Highlights
- Michael S. Bishop departs as EVP, CFO, and Treasurer, effective October 6, 2026.
- Bishop will serve as Senior Advisor to the CEO for six months, receiving an annualized base salary of $461,591.
- Upon separation, Bishop is eligible for severance of $461,591 (12 months' base salary).
- Bishop will receive accelerated vesting of 68,518 unvested time-vesting restricted stock units.
- Matthew Latino appointed as the new EVP, CFO, and Treasurer, effective October 7, 2026.
- Latino previously served in senior finance roles at Xylem Inc. from 2012 to 2026.
Price Impact
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