Menomonee Falls-based EnSync Inc. announced Thursday that chief financial officer Jim Schott will retire at the end of the month.
Schott’s responsibilities will be taken over by Fred Vaske, EnSync’s vice president of structured finance. Vaske will be appointed to the role of chief administrative officer and will oversee all finance, accounting, treasury and investor relations responsibilities.
EnSync chief executive officer Brad Hansen said Vaske’s knowledge of the business “ideally positions him to take on this expanded role.”
“Fred has been critically important to the company’s transition to a leading provider of distributed energy resources that can be seamlessly integrated to the grid network, and most recently closed the sale of our first tranche of PPA projects, including the first storage plus solar projects behind the meter, in Hawaii,” Hansen said.
Schott joined EnSync in October 2015 after having served as executive vice president and chief financial officer at Integrys Energy Group.
“Jim joined us at a formative time for the company as we were making several transitions to the commercialization stage,” Hansen said. “He helped us drive our new products into the market, as well as move to our new PPA business model, while also putting in place a vital discipline that helped us to drive down our cash expense”
Dilek Wagner, EnSync vice president of finance, will continue in his current role and will report to Vaske.
Vaske joined EnSync in December 2015 after serving in senior finance roles within the solar industry for the previous 10 years.