Ballard Power Systems confirms leadership transition

Ballard Power Systems has confirmed a planned leadership transition, welcoming Marty Neese as the company's new President and Chief Executive Officer. Assuming the position on July 7, 2025, Neese replaces Randy MacEwen after more than a decade of transformative leadership.

The Board of Directors has appointed Neese as President & CEO following a succession planning process. A seasoned executive with a deep background in operations, Neese has extensive experience in product standardization, product cost reduction, volume production, and gross margin optimization.

Neese has served on Ballard’s Board of Directors over the past 10 years, and as the CEO of Verdagy, an innovative electrolysis and green hydrogen company, over the past four years. Earlier in his career, he served as the chief operating officer of SunPower and Flex. With his background and experience, Neese is uniquely qualified to drive the company’s next phase of growth and operational efficiency.

“Marty is the right leader for Ballard as the fuel cell industry undergoes a period of rationalization and competitive realignment. His proven track record in operational excellence, product innovation and commercialization, and cost management will ensure Ballard not only adapts to this new environment but thrives in it.”

Jim Roche Chair of the Board of Directors, Ballard

The leadership transition has been carefully planned to ensure a seamless and orderly handover. Following Neese's appointment, MacEwen will remain available in an advisory capacity through September 30, 2025.

“The fuel cell industry is entering a new phase, and Ballard is taking decisive steps to position itself for long-term sustainable success. I am honored to step into this role at a company with such a strong brand, and a leading track record for safety, technology, and proven field performance in our target markets. We have a fortress balance sheet with no requirements for near-term or mid-term financings. Working alongside our talented team, I look forward to building on this solid foundation, optimizing our operations, accelerating innovation, and unlocking long-term value for our stakeholders." 

Rachel Decker HubSpot, inc.