Ballard Power Systems, based in Vancouver, Canada, announced a planned leadership transition where Randy MacEwen, the President and CEO for over a decade, will step down, and Marty Neese will assume the role from July 7, 2025. MacEwen expressed pride in leading Ballard during a transformative period for the company and the hydrogen industry. The Board appointed Neese, a seasoned executive with a background in operations and experience in product cost reduction and volume production, to lead Ballard's next phase of growth amid changing industry dynamics. Neese's track record in operational excellence and innovation positions him well to guide Ballard through the evolving fuel cell industry landscape. The transition is carefully planned to ensure a smooth shift in leadership, with MacEwen available in an advisory capacity post-transition. Neese expressed his honor in leading a company with a strong brand and a focus on sustainability, highlighting Ballard's solid foundation and balance sheet strength. The announcement reflects Ballard's vision of delivering fuel cell power for a sustainable planet and its commitment to long-term value creation for stakeholders. The company aims to adapt to the new industry environment and thrive under Neese's leadership by optimizing operations and driving innovation to achieve sustainable success.