Management ChangeNov 10, 2026, 05:13 PM
Nomad Power Solutions CEO Departs; Michael Hilmer Appointed Executive Chairman
AI Summary
Nomad Power Solutions, Inc. announced that Geordan Pursglove has stepped down as Chief Executive Officer and from the Board of Directors. He will receive a $600,000 severance payment and 1,500,000 restricted stock units for consulting services through January 31, 2027. Concurrently, Michael Hilmer has been appointed as the non-employee Executive Chairman of the Board and a director, effective November 9, 2026. Hilmer will also provide consulting services for $20,000 per month, focusing on budget development, go-to-market strategy, and investor relations.
Key Highlights
- Geordan Pursglove stepped down as CEO and from the Board of Directors.
- Pursglove to receive $600,000 cash severance payment.
- Pursglove granted 1,500,000 RSUs vesting Jan 31, 2027, for consulting services.
- Michael Hilmer appointed Executive Chairman of the Board.
- Hilmer to provide consulting services for $20,000/month.
- Hilmer appointed as a member of the Board of Directors.
Price Impact
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