On February 11, 2019, Frederick S. Hencken III, the Controller of Capstone Turbine Corporation (the “Company”), was promoted to Chief Accounting Officer of the Company, effective April 1, 2019. In this role, Mr. Hencken will become the Company’s principal accounting officer, replacing Ms. Jayme Brooks, who will continue in her role as Chief Financial Officer of the Company.
Mr. Hencken, age 39, has served as the Company’s Controller since October 2017. Prior to joining the Company, Mr. Hencken held various roles in Finance and Accounting with InnoVista Sensors, previously Custom Sensors and Technologies, Inc., a global company specializing in designing and manufacturing sensors, controls, and actuators from 2012 to 2017. While employed at InnoVista Sensors, Mr. Hencken’s various roles included the Director of Financial Planning and Analysis, International Controller, and Director of Finance and Administration, North America. Prior to InnoVista Sensors, Mr. Hencken served as the Manager of Financial Reporting from 2008 to 2011 and Director of Financial Reporting in 2012, for THQ Inc., an independent developer and publisher of games and interactive entertainment software. Prior to THQ Inc., Mr. Hencken was employed by McGladrey, LLP, a provider of assurance, tax, and consulting services, from 2001 to 2008, providing attest services. Mr. Hencken holds a Bachelor of Science degree in Accounting from California State University, Long Beach and is a Certified Public Accountant (active) licensed in California.
There are no arrangements or understandings between Mr. Hencken and any other persons pursuant to which he was selected as an officer, nor are there any family relationships between Mr. Hencken and any of the Company’s directors or executive officers. Additionally, there are no transactions involving Mr. Hencken that are required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with this appointment, the Company expects to enter into its standard form of indemnification and change of control agreements for officers and directors with Mr. Hencken.