Orion Energy Systems, Inc. Announces Change in the Role of Marc Meade as Senior Vice President Operations Planning and Business Development
October 18, 2019 at 04:08 pm EDT
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Orion Energy Systems, Inc. announced, effective October 16, 2019, Marc Meade, the Executive Vice President of the Company has voluntarily transitioned into the newly created role of Senior Vice President Operations Planning and Business Development. The role will allow Mr. Meade to focus on building the Company’s operations infrastructure to support the Company’s ongoing growth. The role will include fewer responsibilities, which were requested by Mr. Meade in order to devote more time to his family. Due to this change in responsibilities, Mr. Meade will no longer be an executive officer of the Company and will no longer participate in the current or future annual or future long-term compensation plans made available to the Company’s senior executives. In connection with Mr. Meade’s transition into this new role, the Company and Mr. Meade entered into an amendment to Mr. Meade’s existing Executive Employment and Severance Agreement (the “Amendment”). Pursuant to the Amendment, Mr. Meade will assume the newly created position of Senior Vice President — Operations Planning and Business Development.
Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, project engineering, energy project management design, maintenance services and electric vehicle (EV) charging station installation services. The Companyâs segments include Orion Lighting Division, which develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management systems; Orion Maintenance Division, which provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities, and Orion Electric Vehicle Charging Division that offers EV charging expertise, sells and installs sourced electric vehicle charging stations with related software subscriptions and renewals and provides EV installation solutions with ongoing support to all commercial verticals.