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Business Wire
10-06-2025
- Business
- Business Wire
Spruce Power Announces Appointment of Interim Chief Financial Officer
DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) ('Spruce' or the 'Company') is pleased to announce the appointment of Thomas Cimino as Interim Chief Financial Officer ('CFO'), effective June 5, 2025. This announcement follows the transition of former Chief Financial Officer Sarah Wells who departed Spruce to pursue a private company opportunity. Spruce is undertaking a search to fill the CFO position on a permanent basis. "With significant experience as a senior-level finance executive, Thomas is adept at navigating complex business environments with a strong focus on operational efficiencies and executing growth strategies," said Chris Hayes, Chief Executive Officer of Spruce. "I am confident that his extensive financial expertise makes him the right choice to guide us during this transition, while we continue to execute on our strategic priorities.' Cimino has over 25 years of experience in financial reporting, internal controls, budget and planning, capital markets and business strategy. His past experiences include serving as Chief Financial Officer at Vantage Drilling International and AEI Services and Executive Vice President of Finance and Administration for EnfraGen. Earlier in his career, he worked at the U.S. Securities and Exchange Commission, was a Director in PricewaterhouseCoopers Global Capital Markets Group and began in public accounting with KPMG. Cimino earned a Bachelor of Science in Accounting at Penn State University and a Master of Business Administration from Rice University. About Spruce Power Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. We provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Our power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs. Our company owns the cash flows from approximately 85,000 home solar assets and contracts across the United States. For additional information, please visit Forward Looking Statements Certain statements in this press release may constitute 'forward-looking statements' within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and rules promulgated thereunder. Forward-looking statements generally are characterized by the use of certain words or phrases (and their derivatives) such as 'believe,' 'continue,' 'may,' 'will,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'should,' 'would,' 'plan,' 'goals,' 'predict,' 'potential,' 'seem,' 'seek,' 'future,' 'outlook,' and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include statements regarding the Company's strategic priorities and financial outlook including the Company's prospects for long-term growth in revenues, cash flows and earnings. These statements are based on our current plans and strategies, as well as various assumptions, whether or not identified in this press release, and on the current expectations of management, all of which management believes are reasonable as of the date of this report, and reflect our current assessment of the risks and uncertainties related to the Company's business and are made as of the date of this press release. Although we believe that our expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of our existing knowledge about the Company's business and operations, there can be no assurance that actual future results, performance or achievements of, or trends affecting, us will not differ materially from any future results, performance, achievements or trends expressed or implied by such forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by forward-looking statements, including but not limited to: expectations regarding the growth of the solar industry and home electrification; uncertainties relating to the solar energy industry; the ability to identify and complete strategic acquisitions or strategic relationships; our ability to successfully integrate acquisitions; the ability to develop and market new products and services; the effects of pending and future legislation; the highly competitive nature of the Company's business and markets; the ability to execute on and consummate business plans in anticipated time frames; litigation, complaints, product liability claims, government investigations and/or adverse publicity; cost increases or shortages in the materials necessary to support the Company's products and services; the introduction of new technologies; the impact of natural disasters and other events beyond our control, such as hurricanes, wildfires or pandemics, on the Company's business, results of operations, financial condition, regulatory compliance and customer experience; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; risks related to the rollout of the Company's business and the timing of expected business milestones; the effects of competition on the Company's future business; the availability of capital, including the availability and cost of borrowings; and the other risks discussed under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025, subsequent Quarterly Reports on Form 10-Q and other documents that the Company files with the SEC in the future. These factors are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Yahoo
10-06-2025
- Business
- Yahoo
Spruce Power Announces Appointment of Interim Chief Financial Officer
DENVER, June 10, 2025--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) ("Spruce" or the "Company") is pleased to announce the appointment of Thomas Cimino as Interim Chief Financial Officer ("CFO"), effective June 5, 2025. This announcement follows the transition of former Chief Financial Officer Sarah Wells who departed Spruce to pursue a private company opportunity. Spruce is undertaking a search to fill the CFO position on a permanent basis. "With significant experience as a senior-level finance executive, Thomas is adept at navigating complex business environments with a strong focus on operational efficiencies and executing growth strategies," said Chris Hayes, Chief Executive Officer of Spruce. "I am confident that his extensive financial expertise makes him the right choice to guide us during this transition, while we continue to execute on our strategic priorities." Cimino has over 25 years of experience in financial reporting, internal controls, budget and planning, capital markets and business strategy. His past experiences include serving as Chief Financial Officer at Vantage Drilling International and AEI Services and Executive Vice President of Finance and Administration for EnfraGen. Earlier in his career, he worked at the U.S. Securities and Exchange Commission, was a Director in PricewaterhouseCoopers Global Capital Markets Group and began in public accounting with KPMG. Cimino earned a Bachelor of Science in Accounting at Penn State University and a Master of Business Administration from Rice University. About Spruce Power Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. We provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Our power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs. Our company owns the cash flows from approximately 85,000 home solar assets and contracts across the United States. For additional information, please visit Forward Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and rules promulgated thereunder. Forward-looking statements generally are characterized by the use of certain words or phrases (and their derivatives) such as "believe," "continue," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "goals," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include statements regarding the Company's strategic priorities and financial outlook including the Company's prospects for long-term growth in revenues, cash flows and earnings. These statements are based on our current plans and strategies, as well as various assumptions, whether or not identified in this press release, and on the current expectations of management, all of which management believes are reasonable as of the date of this report, and reflect our current assessment of the risks and uncertainties related to the Company's business and are made as of the date of this press release. Although we believe that our expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of our existing knowledge about the Company's business and operations, there can be no assurance that actual future results, performance or achievements of, or trends affecting, us will not differ materially from any future results, performance, achievements or trends expressed or implied by such forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by forward-looking statements, including but not limited to: expectations regarding the growth of the solar industry and home electrification; uncertainties relating to the solar energy industry; the ability to identify and complete strategic acquisitions or strategic relationships; our ability to successfully integrate acquisitions; the ability to develop and market new products and services; the effects of pending and future legislation; the highly competitive nature of the Company's business and markets; the ability to execute on and consummate business plans in anticipated time frames; litigation, complaints, product liability claims, government investigations and/or adverse publicity; cost increases or shortages in the materials necessary to support the Company's products and services; the introduction of new technologies; the impact of natural disasters and other events beyond our control, such as hurricanes, wildfires or pandemics, on the Company's business, results of operations, financial condition, regulatory compliance and customer experience; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; risks related to the rollout of the Company's business and the timing of expected business milestones; the effects of competition on the Company's future business; the availability of capital, including the availability and cost of borrowings; and the other risks discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025, subsequent Quarterly Reports on Form 10-Q and other documents that the Company files with the SEC in the future. These factors are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. View source version on Contacts Investor Contact: investors@ Media Contact: publicrelations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Hyde Park Village sees change as area grows with new businesses coming in, others leaving
The Brief As development booms around Tampa, Hyde Park Village is one of the areas where change is happening. New business is coming in, while other businesses have moved out over the last several years. Some people have voiced concerns about the future of Hyde Park Village, as shifts and redevelopment of the area continue. TAMPA, Fla. - As development booms around Tampa, Hyde Park Village is one of the areas where change is happening. New business is coming in, while other businesses have moved out over the last several years. Local perspective The area has taken different shapes as it has grown over years. Follow FOX 13 on YouTube "Really, the last 10-plus years, it's been generally on an upswing," Patrick Cimino, the Land Use Chair of the Historic Hyde Park Neighborhood Association, said. Some people who live in, work in and visit Hyde Park are happy to see the growth of the area, but not at the cost of some longtime staple retail businesses and restaurants. "I feel like here, it's lot of turnaround," Bianka Escourse, who works at the pop-up Silvia Tcherassi store in Hyde Park Village, said. READ: Meet the family whipping up French delicacies for nearly a decade The backstory Last year, Goody Goody Burgers closed its doors, and this year, Pottery Barn moved out of its space. "It's gotten a little more exaggerated, I guess, with the high-end stuff," Cimino said. What they're saying Some people have voiced concerns about the future of Hyde Park Village, as shifts and redevelopment of the area continue. "It's been disappointing, because a lot of us patronized the Wine Exchange for decades," Cimino said. "They've now been gone at least several years. Goody Goody was a nice alternative to have something a little more casual for the neighborhood." MORE: After back-to-back storms, Drift-In AMI prepares to celebrate its 100-year anniversary upon reopening Escrouse said she worries that the area will no longer be as family-friendly and accessible to everyone. "They want to put very high-end boutiques, which is fine, but this is a very family-oriented area and if you do that, people are not going to be able to come here with their kids, because if you really think about it, what's going to be left? Escourse said. "And I feel a lot of small businesses will be pushed out." The other side On Thursday, FOX 13 reached out to Jeff Gigante, the founder of Next Level Brands Hospitality, regarding discussions of an eviction filed against Forbici Modern Italian by WS Development, the landlord behind Hyde Park Village. The hospitality group operates Forbici and several other restaurants in Tampa. Gigante said they are currently in negotiations and hope to have a resolution soon. "I believe we will reach a happy compromise that will keep operations mostly the same," Gigante said. VIDEO:South Tampa Dairy Joy has window shattered by dumbbell He declined to comment publicly at this time, "to preserve the spirit of compromise." What's next As the area grows, some people hope that the diverse collection of retail shops and restaurants remains the heart of Hyde Park Village. "For us in the neighborhood, the biggest amenity is the retail and restaurants," Cimino said. FOX 13 reached out to WS Development about the future of Forbici and other plans in Hyde Park Village, and is waiting to hear back. The Source The information in this story was gathered by FOX 13's Kylie Jones. WATCH FOX 13 NEWS: STAY CONNECTED WITH FOX 13 TAMPA: Download the FOX Local app for your smart TV Download FOX Local mobile app:Apple |Android Download the FOX 13 News app for breaking news alerts, latest headlines Download the SkyTower Radar app Sign up for FOX 13's daily newsletter
Yahoo
20-05-2025
- Automotive
- Yahoo
Ryan Phillippe, Michael Cimino: 'Motorheads' characters mature by repairing cars
LOS ANGELES, May 20 (UPI) -- Ryan Phillippe and Michael Cimino say their new show, Motorheads, premiering Tuesday on Prime Video, shows teenagers maturing through working on cars. Phillippe, 50, plays Logan Maddox, a mechanic whose sister, Samantha (Nathalie Torres), moves back to their hometown with her two children, daughter Caitlyn (Melissa Collazo) and son Zac (Cimino). Logan lets Zac and his friends use his shop to fix up their cars, but can't stop them from racing against their classmates. In a recent Zoom interview with UPI, Phillippe and Cimino agreed that auto work and other crafts teach valuable skills and lessons. "It requires commitment and patience," Phillippe said. "Any time kids have a project that means something, that they're passionate about, is a good point of focus." For Phillippe, prior to acting, that focus was Tae Kwon Do and Aikido, which he still practices. "When I was very young and I got into martial arts, that taught me a lot of discipline and focus," he said. Cimino, 25, added that the process of maturing also requires making mistakes from which one can learn, something Zac does. Cimino previously played high schoolers in the series Love, Victor and Never Have I Ever, and in films like Senior Year. "The way he's learning how to express himself is through racing and honestly, through making those mistakes and hanging out with the wrong people," Cimino said. "Zac is very much trying to find his own path and forge his way." Cimino and his character share an interest in cars. The week of his interview, Cimino had completed an auto project of his own. "I have two Miatas and there was one I was working on this week," he said. "I was changing the brakes and upgrading it and I just got it running again." Cimino praised the Mazda Miata's weight distribution, which he said makes it more maneuverable than other models. "I think there's something fun about driving a slow car fast," he said. "You don't need a really fast car to enjoy ripping through the canyons." The actors also appreciate how Motorheads shows how the characters improve with practice. Cimino believes in the rule, popularized by Malcolm Gladwell, that mastery takes thousands of hours of experience. "I still take acting class," Cimino said. "I really find it interesting to work with people like Ryan or people that just have way more experience than me. I feel like I learned so much from that." Phillippe agreed with that lesson. He was a teenager when he debuted on the soap opera One Life to Live in 1993, and appeared in movies from Crimson Tide and Crash to Gosford Park and Macgruber in his 20s and 30s. "Natural talent will only take you so far," Phillippe said. "Everything has to be honed and it has to be cultivated from that point." When it came to driving on Motorheads, Cimino let the stunt drivers handle the scenes. Though Cimino obtained a Level 2 stunt driving certification, he understood the production not allowing its lead actors behind the wheel. "With insurance and everything like that, realistically it's more wise to let someone else drive," Cimino said. "I'm hoping for the day that I can really hop behind the wheel and show my stuff." Cimino was allowed to drive Dottie, a training vehicle the characters practice on in a junkyard. "When I was driving it, we had a bunch of cameras strapped to it so like you better drive carefully," Cimino said. "Like, don't crash this car now because there's a bunch of cameras on it. So I had to drive it very slowly." Having been a part of teen ensembles like Cruel Intentions and I Know What You Did Last Summer, Phillippe enjoyed his new role as a mentor. "I felt a little bit like Yoda on set sometimes," he joked. "It's a great group of kids. It's infectious to be around that kind of energy. I like to share whatever I can in regards to my experience to help them with where they're headed. So it's a really nice position to be in." Those two Phillippe movies in particular have been revived with new casts: Prime Video produced a Cruel Intentions series last year and a new I Know What You Did Last Summer movie opens this summer. Jennifer Love Hewitt reprises her role from the original I Know What You Did Last Summer, in which Phillippe's character did not survive. "It certainly makes me feel a little bit like a dinosaur, the fact that they're remaking so many projects that I've been in," Phillippe said. "It's certainly a compliment for the originals that we made and I'm curious to see what the new I Know What You Did Last Summer movie is like. It's always fun to see who they cast and which direction they go to modernize."
Los Angeles Times
20-05-2025
- Entertainment
- Los Angeles Times
In ‘Motorheads,' Michael Cimino taps into his inner speedster
From the moment Michael Cimino heard about 'Motorheads,' a new coming-of-age drama set in a small town against the backdrop of street racing, he knew he had to be a part of it. The young actor, best known as the lead in Hulu's 'Love, Victor,' had long been looking for something just like it. 'Literally, since I first signed with CAA [Creative Artists Agency],' Cimino shares excitedly over Zoom. 'I was like, 'You guys, I would love to do a project that combines my passion for cars and film and TV.' Then I came across this script and I was like, 'This is the one.' I just knew it. Not in a cocky way. I just knew this is my role. Like, this is for me.' The series, which premieres on Prime Video on May 20, is set amid junkyards and repair shops, gangs and high school cliques. Set in the fictional town of Ironwood, 'Motorheads' is equal parts 'Grease' and 'Fast & the Furious' (but with a hint of YA shows like 'Riverdale'). At its heart are twins Zac and Caitlyn (Cimino and Melissa Collazo), whose return to Ironwood with their mom dredges up their connection to their estranged father, a street-racing legend Zac soon becomes obsessed with emulating. With his signature bashful looks, tousled black curly hair and just an added dash of playful risk-taking, Cimino's Zac sits right alongside the actor's growing repertoire of swoon-worthy guys. That includes not just his breakout role as Victor but also Ethan in 'Never Have I Ever' and, most recently, Cole in the romantic fantasy 'Girl Haunts Boy.' As the new kid in town, Zac is soon pulled into navigating long-standing high school rivalries — especially once he realizes the girl he's most interested in is dating the school's best-known bully, a kid who settles scores with exhilarating street races in his dad's Corvette and sometimes in his own Porsche. In conversation, Cimino is giddy with excitement, speaking a mile a minute as if he were on a racetrack hitting the gas — especially when he gets to talking about his long-running interest in car culture. 'I had Hot Wheels growing up,' he recalls. 'My dad and I, when I was a kid, used to build little racetracks with them. I always remembered loving it. And as I got older, my dad and I used to play [the video game] 'Forza' together. And my uncles used to drag race. So I heard a lot about drag racing and street racing when I was a kid. And my grandfather, who taught me how to work on cars, he used to rebuild engines. I've just always been into it.' More recently, he's been hoping to show off the auto work he's been doing to his fans. 'I built a '02 Miata that's supercharged,' he shared. 'I have a whole little TikTok series that I've been editing together, of me building it with my friend, Justin, and my cousin that I'm gonna start posting pretty soon.' All of that enthusiasm came particularly in handy when he began jockeying for a part on the show. During one Zoom session with executive producers John A. Norris and Jason Seagraves, Cimino remembers trying to make clear just how much Zac and this story felt in line with his own interests. 'We got a lot of auditions of people doing car stuff,' Norris says. 'A lot of people pretend that they know stuff to get the part. And so when he did it, Jason and I were kind of rolling our eyes at first. Because I'm like, 'Oh, he's just pretending.' Because he said he was hooking up a car and he was going to build it. And I said, 'Can we see the car?' And he had his phone, and he went around and he had this car on a trailer behind him that he was bringing back to L.A.' That's when Norris and Seagraves realized Cimino was very much enmeshed in the world 'Motorheads' depicts. 'Michael is just a joy,' Norris adds. 'And that energy is real. Every bit about him is. There's nothing phony there. He's just like an 8-year-old, always with a smile on his face.' Even after all these years, Cimino keeps finding new reasons why this beloved hobby resonates with himself and others all over the world. 'I went to this really big car show called Tokyo Auto Salon, which happens every year,' Cimino shares. 'It's amazing. I wound up connecting with a lot of people out there, kind of seeing the underground scene of how people connect to it. And I just understood for the first time how much bigger it is than just cars and racing and having a good time. It's such a signifier of self-expression. It can be such a thing of rebellion too.' That's precisely what happens with Zac. After befriending Marcel (Nicolas Cantu), an awkward, uncool kid at school who dreams of designing cars, Zac finds a purpose he hadn't had before. 'I think Zac always felt like an outsider,' Cimino explains. 'When he comes to Ironwood and kind of discovers his passion for racing, it's like a light in his life. Finally, he's like, 'Oh my gosh, I can be good at something. I can amount to something.'' But he cannot really do it alone. A driver is only as good as his car, and cars in Ironwood are well-crafted machines assembled by a loving crew. For Zac, that team ends up including his sister Caitlyn, of course, but also Marcel and Curtis (Uriah Shelton), another outsider who's trying to steer clear of the gang life his older brother lives and breathes. Thankfully for Cimino, the car family at the heart of 'Motorheads' was as tight-knit offscreen as it looks onscreen. 'Mel and I are both Puerto Rican and Sicilian, weirdly enough,' Cimino adds. 'We have the same mix, which is obviously great because she's playing my twin sister. We just kind of instantly clicked. We understood each other. We understood each other's culture. And Uriah is super into motorcycles and cars. He understands that world, so we had that bond. And Nicholas is just so talented and just so thoughtful and sweet and kind, man. We'd play 'Smash Bros.' together and stuff. We all bonded over different things.' The irony, of course, is that compared to these newfound friends, and even his uncle Logan (played by Ryan Phillippe), Zac is the least experienced one when it comes to repairing, let alone driving cars. But once he tastes the thrill of a race, Zac becomes intent on being an even better driver than his father ever was. But don't think for a moment that it's Cimino in the driver's seat in those head-spinning racing sequences that punctuate every episode. 'That was 100% my stunt driver,' Cimino admits, adding that 'Amazon was very much focused on making sure everyone was safe.' The actor, however, has set his sights on a new goal — he recently got his stunt-driving certificate. 'I'm hoping that one day I can pull a Tom Cruise and do some of my own stunts,' he said. 'Until that moment arises, I'm preparing for it.' But to be on set those days and to watch those scenes come to life was the kind of experience he's not about to take for granted. 'This show is just such a spectacle,' Cimino says. 'Even if I wasn't involved in this project, I would still be a huge fan of it. It's so well done. The stunts are amazing. It was honestly really freaking cool just witnessing something that I would have loved to watch when I was a kid. Being a part of it is so insane. It really feels like one of the most surreal moments of my life. To be honest, it feels like, 'Wow, my dreams really did come true.''
