Flux Power Appoints Mark Leposky to Board of Directors.
Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the appointment of Mark Leposky, a senior-level executive and entrepreneur, to its Board of Directors as an independent director, effective April 18, 2024. Mr. Leposky will also serve as a member of the Audit Committee, Compensation Committee, and Nominating Committee.
Mark Leposky has over 30 years of experience leading, transforming, growing, and turning around consumer product and service companies. He currently serves as Executive Vice President and Chief Supply Chain Officer of Topgolf Callaway Brands Corp., an unrivaled tech-enabled golf company delivering leading golf equipment, apparel and entertainment, with a portfolio of global brands. He is responsible for sourcing, manufacturing, golf ball R&D, engineering, quality, program management, planning, purchasing, transportation and logistics, the Ogio global brand, and the Wolfskin global brand. Prior to his work at Topgolf Callaway Brands, he served as the President & CEO of Gathering Storm, Chief Supply Chain Officer at Fisher Scientific, and Chief Operating Officer at TaylorMade Golf, among other roles at The Coca-Cola Company and United Parcel Service. Mr. Leposky also served in the U.S. Army for 16 years with roles including Infantry Officer, Platoon Leader, Executive Officer, Company Commander, Battalion and Brigade Logistics Officer. He retired from the Army with the rank of Major and received many awards and commendations including the Douglas MacArthur Leadership Award and The Illinois Medal of Merit. Mr. Leposky holds a Bachelor of Sciences degree in Industrial Technology from Southern Illinois University, and an MBA from the Keller Graduate School of Management.
Ron Dutt, Chief Executive Officer of Flux Power, said:
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Mark brings deep and valuable business and product strategy experience with a strong track record of driving high growth revenue and profitability, and we welcome him to the Board.
“He is a highly respected, purpose-driven leader who has a proven history of success throughout his career in a diverse set of industries as well as the U.S. military. His expertise in product development, engineering, program management, supply chain planning, manufacturing, procurement, transportation, logistics and sales operations will be invaluable in reaching sustained cash flow breakeven and continuing our upward margin trajectory, as well as the enhancement of long-term shareholder value.”
Leposky, added:
This is an exciting time to join Flux Power as it moves into 2024 with strategic growth initiatives.
“A strong group of sustaining Fortune 100 customers, and high potential new customer opportunities for its advanced lithium-ion energy storage solutions. I look forward to providing my experience in strategic supply chain and profitability improvement initiatives in the months and years to come.”
The Company also announced that at the Annual Meeting of the Shareholders in 2024, Cheemin Bo-Linn will retire from the Board. After the 2024 Annual Meeting, Flux Power’s Board will consist of 5 members.
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Flux Power Appoints Mark Leposky to Board of Directors. source
