Flux Power Announces Planned Retirement of Chairman and CEO Ron Dutt

Flux Power Holdings, Inc., a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has announced that its chairman and chief executive officer, Ron Dutt, intends to retire from the company.

The company’s board of directors is executing a comprehensive succession plan and search to identify the next CEO with the assistance of a nationally recognized search firm. Dutt will remain in his roles until the search for his successor is complete.

Dutt commented, “It has been my honor to serve as Flux’s chairman and CEO over the last 12 years, and I'm extremely proud of the team's many accomplishments. From our early days as a pre-revenue start-up and developing the market-penetrating 'lithium-ion battery pack' for the high volume ‘walkie’ pallet jack, to becoming a thriving business and recognized provider of innovative energy solutions for the motive lift and ground support equipment markets, it has been a privilege to be a part of this company. I am grateful to the entire Flux team for what we were able to achieve together, and I look forward to supporting my successor through a successful transition.” 

“On behalf of the board, management team, and employees, I want to thank Ron for his exceptional leadership and continued dedication to Flux Power,” said director Michael Johnson. “Since joining as a director at the company’s incorporation, I have seen Ron’s commitment to fostering a culture of mutual respect and integrity that has been foundational to the company’s success. His vision and dedication have been pivotal in the formation, development, and sustained growth of Flux Power. The board of directors and the entire Flux team appreciate his outstanding leadership and the lasting impact he has made on the organization. Looking ahead, we are committed to identifying the best candidate to continue our mission and build upon our strong foundation, and we look forward to working with Ron to ensure a smooth transition.”