Vancouver, B.C.-based Ballard Power Systems on June 16 reported that Randy MacEwen will step down as President and CEO. Following a succession planning process, the Board of Directors has appointed Marty Neese to assume the position July 7, 2025, according to the company, which supports the hydrogen locomotive programs of Sierra Northern Railway in California and Canadian Pacific Kansas City.
To ensure a “seamless and orderly handover,” Ballard said that MacEwen will continue to serve as CEO until Neese’s start date and then will remain available in an advisory capacity through Sept. 30, 2025.
“It has been a true privilege to lead Ballard for the past 11 years during a dynamic period for the company and hydrogen industry,” Randy MacEwen said in the announcement. “We have built a strong foundation that has positioned the company as an industry leader. Given changing industry dynamics, including a focus on product cost reduction, it is the right time for a new leader with a strong operational background to guide Ballard into the future.”
“Neese is uniquely qualified to drive the company’s next phase of growth and operational efficiency,” Ballard said. With extensive experience in product standardization, product cost reduction, volume production, and gross margin optimization, he has served on Ballard’s Board of Directors over the past 10 years, and as the CEO of Verdagy, an electrolysis and green hydrogen company, over the past four years. Earlier in his career, Neese served as the Chief Operating Officer of SunPower and Flex.
“Marty is the right leader for Ballard as the fuel cell industry undergoes a period of rationalization and competitive realignment,” Ballard Board Chair Jim Roche said. “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.”
“The fuel cell industry is entering a new phase, and Ballard is taking decisive steps to position itself for long-term sustainable success,” Neese said. “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.”
