Eos Energy Storage, a manufacturer of safe, low-cost and long-duration zinc battery storage systems, is proud to announce the appointment of a Sagar C. Kurada to Chief Financial Officer, while former Chief Financial Officer Mack Treece has moved to a broader management role as Chief Strategic Alliances Officer.
Sagar will join the management team to help drive the future growth of Eos. The timing of this announcement comes on the heels of news that B. Riley Principal Merger Corp. II has entered a business combination transaction which will result in Eos becoming a publicly listed company.
As Chief Finiancial Officer, Sagar will be responsible for Eos’ overall financial strategy and direction, overseeing all financial functions to guide the controller, treasury, shareholder relations, accounting, tax, financial planning, and internal audit functions. He will lead the financial operations as the company executes on its growth strategy and exceeds its clients’ and investors’ expectations.
Prior to joining Eos, Sagar held previous Chief Financial Officer roles with HighTower Advisors and in multiple GE operating entities, and he also worked in the private equity consulting practice at FCM. Throughout his 20-year career in financial strategy, planning, accounting, and auditing, Sagar has established a reputation for building world-class teams and for aligning financial and business interests to support business strategy and high-growth. He has led multiple equity and debt financing rounds and raised significant capital to support business growth. Sagar holds a BS in Finance and Technology from Rensselaer Polytechnic Institute and an MBA from Columbia Business School.
With Eos’ recent letter of intent with B. Riley Principal Merger Corp. II, Eos will become a publicly listed company and see approximately US$225 million of additional new equity financing. As Chief Financial Officer of Eos, Sagar will leverage his knowledge and more than 20 years of experience to support delivering enterprise value and business growth.
Read the article online at: https://www.energyglobal.com/energy-storage/22072020/eos-energy-storage-appoints-new-chief-financial-officer/