Capstone CFO to Leave Company

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Capstone Turbine Corp. said in a filing with the Securities and Exchange Commission Wednesday that Chief Financial Officer Chuck McBride is leaving to join another company.


McBride, 55, is joining privately held tech company Synthetic Genomics Inc., which is based in Rockville, Md.


Chatsworth-based Capstone said that Edward Reich, the current vice president of financial planning and analysis, was being promoted to CFO to replace McBride. The moves are effective Feb. 11.


According to the filing, Reich will receive a salary of $250,000 with a target bonus of 40 percent of that salary. He will also receive a 10-year stock-option grant to buy 750,000 shares.


Shares in Capstone were flat at $1.53 in trading Wednesday on the Nasdaq.

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