Posted 22 April, 2024

ISUN, INC. appointed Jeffrey Peck as new CEO

Nasdaq:ISUN appointed new Chief Executive Officer Jeffrey Peck in a 8-K filed on 22 April, 2024.

  Appointment of Jeffrey Peck as Chief Executive Officer and Interim Chief Financial Officer  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of ISUN, INC.
Industrial Goods • Industrial Electronics
iSUN, Inc. engages in the provision of design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers. The firm is also involved in providing electrical contracting, and data and communication services. The company was founded in 1972 and is headquartered in Williston, VT.
Market Cap
View Company Details
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Relinquishment by Robert J. Zulkoski of role as Chief Executive Officer. 

Effective April 16, 2024, Robert J. Zulkoski relinquished his role as Chief Executive Officer of the Company.

Appointment of Jeffrey Peck as Chief Executive Officer and Interim Chief Financial Officer

Effective April 16, 2024, the Board appointed Jeffrey Peck to serve as Chief Executive Officer and Interim Chief Financial Officer. Effective April 17, 2024, Mr. Peck resigned as Interim Chief Financial Officer. In connection with his appointment, the Company and Mr. Peck have modified Mr. Peck's Employment Agreement to designate his title as Chief Executive Officer, reporting to the Board.

Appointment of Rob Vanderbeek as Interim Chief Financial Officer 

Effective April 17, 2024, the Board appointed Rob Vanderbeek to serve as Interim Chief Financial Officer pursuant to a Letter of Engagement between Novo Advisors, LLC and the Company, dated April 16, 2024. Mr. Vanderbeek will not receive any direct compensation from the Company other than indirectly in connection with the fees paid by the Company to Novo Advisors, LLC.

Mr. Vanderbeek is a partner with Novo Advisors, LLC, and has more than 30 years of restructuring, performance improvement and a deep understanding of corporate finance and due diligence in a broad range of industries, including healthcare, renewable energy, financial services, transportation and trucking, manufacturing, mortgage products, real estate, retail, hospitality, equipment leasing and distribution.

Mr. Vanderbeek has led many companies facing operational and financial challenges through the restructuring and sales processes for various constituents. He has served as interim COO, CFO, Treasurer and other interim mandates related to complex matters and has also played key roles in operational cost rationalization efforts.,