FuelCell Energy Announces Chief Financial Officer Transition
Key Highlights
- ➤Matthew Latino succeeds Michael Bishop as FuelCell Energy CFO effective October 7, 2026
- ➤Bishop remains senior advisor through FuelCell Energy’s 2027 Annual Meeting
- ➤FuelCell Energy reaffirmed positive Adjusted EBITDA target for fiscal Q4 2027
- ➤Latino joins from Xylem’s approximately $2 billion Measurement & Control Solutions business
Expert Statements
Jason Few, President and Chief Executive Officer of FuelCell Energy
“Mike has been a steward of this Company through every stage of its journey”
Michael Bishop, Former Executive Vice President, Chief Financial Officer and Treasurer of FuelCell Energy
“Serving as CFO of FuelCell Energy has been one of the great privileges of my career”
Jason Few, President and Chief Executive Officer of FuelCell Energy
“As we scale, our responsibility to shareholders is to grow with discipline-every megawatt we build and every dollar we deploy must compound value”
Jason Few, President and Chief Executive Officer of FuelCell Energy
“Matt has led finance for a large-scale industrial technology business, partnered with operating leaders to drive performance, and led investor relations for a global public company.”
Matthew Latino, Executive Vice President, Chief Financial Officer and Treasurer of FuelCell Energy
“I am honored to join FuelCell Energy at an important point in the Company’s evolution”
DANBURY, Conn., Oct. 07, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that Michael Bishop will transition from his role as Executive Vice President, Chief Financial Officer and Treasurer of the Company. Matthew Latino will succeed him as Executive Vice President, Chief Financial Officer and Treasurer effective October 7, 2026, as part of a planned transition. Bishop, who has served as the Company’s CFO for 15 years during an overall tenure with the Company of more than two decades, will remain with FuelCell Energy as a senior advisor through the Company’s 2027 Annual Meeting of Stockholders to support continuity and the transition.
FuelCell Energy also reaffirmed its previously stated target of achieving positive Adjusted EBITDA results in the fourth quarter of fiscal 2027, subject to the planned increase in annualized production rate, the conversion of awarded capacity backlog into committed backlog, customer delivery schedules and continued execution of the Company’s cost reduction initiatives. The Company remains focused on converting its growing commercial pipeline—driven by demand for reliable, always-on power for AI and data center infrastructure—into durable growth, while scaling manufacturing, advancing customer financing structures and maintaining disciplined capital allocation, liquidity and balance sheet strength.
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