Sarah Wells Joins Spruce Power as New CFO
Spruce Power Holding Corporation announced that Sarah Wells has been appointed Chief Financial Officer, effective May 19th.
May 13, 2023. By News Bureau
Wells succeeds Don Klein, who is departing in connection with the previously announced transition from XL Fleet to Spruce Power executive management.
Sarah Wells brings considerable industry experience and expertise with disruptive sustainability strategies and is a long-time Spruce Power leader in cost efficiency and growth enablement. Wells joined Spruce Power in 2018 and most recently served as Senior Vice President, Finance and Accounting and Head of Sustainability, managing financial planning and analysis, accounting and reporting, treasury and various operations duties.
Prior to joining Spruce Power, she held various positions of progressive responsibility in finance and accounting, including as Finance and SOX Manager, at Cornerstone Building Brands (formerly NCI Building Systems, Inc.), at that time North America’s largest publicly traded integrated manufacturer of metal building products.
Earlier in her career, she served as a senior auditor at PKF Texas, working with various public companies including IPOs and mergers. Mrs. Wells earned a Bachelor of Business Administration in Accounting from the University of Lafayette.
“I am excited to start my next chapter at Spruce Power,” said Sarah Wells. “We have a strong team, and I’m grateful to Christian Fong and the Board of Directors for the opportunity. As we continue to execute our growth strategy, I will remain committed to upholding the Company’s mission. In my expanded role, I look forward to continuing to contribute to the growth and success of the Company. I want to express my appreciation to Don Klein for his collaboration during these last few months of transition from XL Fleet to Spruce Power.”
“I am pleased to announce the promotion of Sarah to CFO,” said Christian Fong, CEO of Spruce Power. “Sarah is a trusted member of the Spruce team and has been instrumental in supporting the strong growth of our residential solar platform. Her executive management, operations, finance, and accounting experience will benefit Spruce Power in our next steps as a public company as we drive towards further scale and growth in free cash flow. We are proud of the tremendous work Don Klein did in the business combination with XL Fleet in September 2022 and the skill and care he brought in executing the integration. His contributions and selflessness in building strength into this company are remarkable. With Sarah stepping into the CFO role, the Company is now led by the executive team that built Spruce Power over the last five years.”
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