Capstone Energy+, Inc. (NASDAQ: CEPL) announced the appointment of Brandon Schwertner to its Board of Directors, effective October 26, 2026. Mr. Schwertner was designated by Monarch Alternative Capital LP as a Series A Director under the terms of the Company’s Series A Convertible Preferred Stock. He fills a vacancy created by the resignation of Ping Fu, who stepped down from the Board on the same date.
Mr. Schwertner, age 49, will serve as a Class I director with a term expiring at the Company’s 2027 annual meeting of stockholders. The Board has determined that he is independent under Nasdaq listing rules. He has been appointed to the Compensation Committee, which now consists of Denise M. Wilson (Chair), Christopher J. Close, and Mr. Schwertner.
According to the filing, Mr. Schwertner most recently served as Chief Executive Officer of Priority Power Management from 2018 to 2026. During his tenure, he led a tenfold increase in EBITDA and raised more than $1 billion in equity capital. Previously, he co-founded MP2 Energy LLC, which was acquired by Shell Energy North America in 2017. He currently serves as a director of Budderfly, an Energy-as-a-Service company, and leads Schwertner Capital.
In connection with his appointment, Mr. Schwertner will receive a prorated annual restricted stock unit award for the current service year with a grant date value of approximately $24,739. He will also enter into the Company’s standard form of indemnification agreement for directors. The Company noted that there are no arrangements or understandings between Mr. Schwertner and any other person regarding his selection as a director.
The Board thanks Ping Fu for her service. The Company’s Board continues to consist of seven directors.
