FuelCell Energy announced the appointment of Matthew Latino as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective October 7, 2026. Mr. Latino succeeds Michael S. Bishop, whose service as CFO concluded on October 6, 2026. Mr. Bishop has transitioned into a six-month role as Senior Advisor to the CEO.
Key Details
- New CFO: Matthew Latino, age 41, joins from Xylem Inc. (NYSE: XYL), where he most recently served as Senior Vice President, Finance & Segment Chief Financial Officer.
- Outgoing CFO: Michael S. Bishop will serve as Senior Advisor to the CEO until April 6, 2027. His separation includes a severance payment of $461,591 and accelerated vesting of 68,518 restricted stock units.
- New CFO Compensation: Mr. Latino's employment agreement includes an annual base salary of $460,000, a target annual bonus of 70% of base salary, a $120,000 sign-on bonus, and a one-time RSU grant valued at $400,000.