Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”,
“Zeo Energy”, or the “Company”), a leading Florida-based
provider of residential solar and energy efficiency solutions,
today announced the appointment of Cannon Holbrook as Chief
Financial Officer (“CFO”). Holbrook joined Zeo in March of 2024,
serving as Advisor to the CEO during the Company’s de-SPAC process
where he led the accounting, finance, and treasury functions.
With over two decades of experience in finance and accounting,
Holbrook has held leadership and finance roles in companies across
various high-growth industries, including Vivint Smart Homes, Built
Bar, HZO, and KLA-Tencor. He brings a wealth of experience in
strategic growth initiatives, financial management, and operations
to Zeo Energy. Holbrook most recently served as CFO at Hawx Pest
Control, where he helped secure approximately $90 million in
financing over the course of his tenure while also growing the
company’s revenue from $33 million to $110 million in that
period.
Throughout his career, Holbrook has demonstrated expertise in
strategic planning, mergers and acquisitions, and capital raising.
He has managed accounting operations for global entities,
implemented shared services, and developed and driven process
improvements that have yielded significant cost savings and
operational efficiencies.
“Cannon’s extensive experience across several high growth
industries, including the residential and technology sectors,
combined with his proven track record in financial leadership make
him the ideal choice for our CFO position,” said Tim Bridgewater,
CEO of Zeo Energy. “Over the last few months that I’ve worked with
Cannon, his strategic insights, financial acumen, and operational
know-how have been essential to us as we transition into life as a
public company. On behalf of the leadership team at Zeo, I’d like
to welcome Cannon officially. We look forward to achieving new
heights as we execute our long-term growth strategy supported by
his financial stewardship.”
Holbrook added, “Zeo's commitment to providing sustainable
energy solutions through a strategic and flexible model has put
this organization in a position to thrive over time. As our
industry continues to grow and solar becomes a standardized form of
residential energy supply, Zeo stands to benefit from this secular
shift. I look forward to supporting our organization’s ambitious
goals and believe my extensive financial leadership background will
provide us with the right controls, processes, and foundation to
thrive. I appreciate the support I’ve received from Tim and the
board thus far, and I look forward to shepherding Zeo through a
dynamic period and the years ahead.”
Holbrook’s educational background includes a Master of Business
Administration from Columbia University and a Bachelor of Science
in Accounting from Brigham Young University.
About Zeo Energy Corp.Zeo Energy Corp. is a
Florida-based regional provider of residential solar, distributed
energy, and energy efficiency solutions. Zeo focuses on high-growth
markets with limited competitive saturation. With its
differentiated sales approach and vertically integrated offerings,
Zeo, through its Sunergy business, serves customers who desire to
reduce high energy bills and contribute to a more sustainable
future. For more information on Zeo Energy Corp., please visit
investors.zeoenergy.com.
Forward-Looking Statements
This news release contains certain forward-looking statements
within the meaning of section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Exchange Act
of 1934, as amended, that are based on beliefs and assumptions and
on information currently available to the Company. Such statements
may include, but are not limited to, statements that refer to
projections, forecasts, or other characterizations of future events
or circumstances, including any underlying assumptions. The words
“anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,”
“project,” “estimate,” “expect,” “strategy,” “future,” “likely,”
“may,” “should,” “will,” and similar references to future periods
may identify forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking.
Forward-looking statements may include, for example, statements
about the future financial performance of the Company; changes in
the Company’s strategy, future operations, financial position,
estimated revenues and losses, projected costs, prospects, the
ability to raise additional funds, and plans and objectives of
management. These forward-looking statements are based on
information available as of the date of this news release, and
current expectations, forecasts, and assumptions, and involve a
number of judgments, risks, and uncertainties. Accordingly,
forward-looking statements should not be relied upon as
representing the Company’s views as of any subsequent date, and the
Company does not undertake any obligation to update such
forward-looking statements to reflect events or circumstances after
the date they were made, whether as a result of new information,
future events, or otherwise, except as may be required under
applicable securities laws. You should not place undue reliance on
these forward-looking statements. As a result of a number of known
and unknown risks and uncertainties, the Company’s actual results
or performance may be materially different from those expressed or
implied by these forward-looking statements. Some factors that
could cause actual results to differ include:; (i) the Company’s
success in retaining or recruiting, or changes required in, its
officers, key employees, or directors; (ii) the Company’s ability
to maintain the listing of its common stock and warrants on Nasdaq;
(iii) limited liquidity and trading of the Company’s securities;
(iv) geopolitical risk and changes in applicable laws or
regulations; (v) the possibility that the Company may be adversely
affected by other economic, business, and/or competitive factors;
(vi) operational risk; (vii) litigation and regulatory enforcement
risks, including the diversion of management time and attention and
the additional costs and demands on the Company’s resources; and
(ix) other risks and uncertainties, including those included under
the heading “Risk Factors” in the Company’s Annual Report on Form
10-K filed with the U.S. Securities and Exchange Commission (the
“SEC”) for the year ended December 31, 2023 and in its subsequent
periodic reports and other filings with the SEC.
In light of the significant uncertainties in these
forward-looking statements, you should not regard these statements
as a representation or warranty by the Company, its respective
directors, officers or employees or any other person that the
Company will achieve its objectives and plans in any specified time
frame, or at all. The forward-looking statements in this news
release represent the views of the Company as of the date of this
news release. Subsequent events and developments may cause that
view to change. However, while the Company may elect to update
these forward-looking statements at some point in the future, there
is no current intention to do so, except to the extent required by
applicable law. You should, therefore, not rely on these
forward-looking statements as representing the views of the Company
as of any date subsequent to the date of this news release.
Zeo Energy Corp. ContactsFor Investors:Tom
Colton and Greg BradburyGateway GroupZEO@gateway-grp.com
For Media:Christina Lockwood and Anna RutterGateway
GroupZEO@gateway-grp.com
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