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 Plug Power hires first investor relations manager in more than four years
Publication Date:31-Aug-2007
04:00 PM US Eastern Timezone 
Source:bizjournals.com
Plug Power Inc. has hired a manager of investor relations, a position the fuel-cell developer hasn't had in more than four years.

Plug (Nasdaq: PLUG) of Latham tapped Cathy Yudzevich, former manager of investor relations at nearby Philips MR, formerly Intermagnetics General Corp. Her position was eliminated after Intermagnetics was acquired by Royal Philips Electronics for $1.3 billion last year.

Yudzevich starts at Plug in September. The last time the company had someone devoted solely to investor relations was Steven Zenker more than four years ago.

Gerry Anderson, Plug's chief financial officer, said much of the information work has been done out of the company's media relations department or handled by Anderson and CEO Roger Saillant.

"We're at a point now where we want to have a more concentrated focus and effort on getting the Plug Power name out there and doing what we need to do to get the publicity of what we're doing and keeping the analysts up to date."

Anderson most recently was treasurer and director of finance at Intermagnetics. He was considered instrumental in Intermagnetics' merger and acquisition efforts. Anderson replaced interim chief financial officer David Waldek, who joined the company in February. Waldek, a former CFO at drug discovery company Albany Molecular Research Inc., is now Plug's vice president of finance.

Anderson is excited by Yudzevich joining Plug.

"I know Cathy very well," he said. "She's known in the community and well connected with the investment banks and analyst community. We're looking for her to bring that same skill set here to broaden awareness of Plug Power. Stuff she did at Intermagnetics is exactly what we're asking her to do here at Plug Power."
 

 
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