ARRAY Technologies appoints Gina Gunning as chief legal officer, enhancing its legal and compliance leadership for growth in renewable energy.
Quiver AI Summary
ARRAY Technologies has appointed Gina Gunning as its new Chief Legal Officer and Corporate Secretary, effective immediately. Gunning, who brings over 25 years of legal and compliance expertise, will report to CEO Kevin G. Hostetler and relocate to Chandler, Arizona. She previously served as Chief Legal Officer at GrafTech International, and has held senior legal roles at FirstEnergy Corp. and Cliffs Natural Resources. In her new role at ARRAY, she will lead legal, compliance, and risk management efforts, while providing strategic guidance on corporate governance and ESG initiatives. Gunning expressed her excitement to contribute to ARRAY’s mission of advancing renewable energy.
Potential Positives
- Appointment of Gina Gunning as chief legal officer brings over 25 years of valuable legal and compliance experience to ARRAY, strengthening the leadership team.
- Gunning's expertise in corporate law, governance, and regulatory compliance is expected to be instrumental in supporting ARRAY's ambitious growth plans.
- The addition of Gunning enhances ARRAY's capability to align legal strategies with business objectives, crucial for navigating the renewable energy market.
Potential Negatives
- Appointment of a new chief legal officer may indicate previous leadership issues or ongoing legal challenges that necessitate bringing in new expertise.
- The press release includes a forward-looking statement section that highlights potential risks and uncertainties in achieving future performance goals, which may raise concerns among investors and stakeholders.
FAQ
Who is the new chief legal officer at ARRAY Technologies?
The new chief legal officer at ARRAY Technologies is Gina Gunning, effective immediately.
What experience does Gina Gunning bring to ARRAY?
Gina Gunning brings over 25 years of legal and compliance experience from global organizations.
Where will Gina Gunning be relocating for her role at ARRAY?
Gina Gunning will relocate to Chandler, Arizona, for her new position at ARRAY.
What are Gina Gunning's main responsibilities as chief legal officer?
Gina Gunning will lead legal, compliance, and risk management teams and provide strategic counsel.
What is ARRAY Technologies known for?
ARRAY Technologies is a leading provider of utility-scale solar tracking technology and renewable energy solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ARRY Insider Trading Activity
$ARRY insiders have traded $ARRY stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ARRY stock by insiders over the last 6 months:
- KEVIN G. HOSTETLER (Chief Executive Officer) has made 3 purchases buying 14,430 shares for an estimated $100,037 and 0 sales.
- NEIL MANNING (President & COO) purchased 5,700 shares for an estimated $29,697
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ARRY Hedge Fund Activity
We have seen 156 institutional investors add shares of $ARRY stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GOLDMAN SACHS GROUP INC added 5,753,405 shares (+319.5%) to their portfolio in Q3 2024, for an estimated $37,972,473
- ACK ASSET MANAGEMENT LLC removed 4,282,000 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $28,261,200
- GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC added 3,416,568 shares (+72.4%) to their portfolio in Q3 2024, for an estimated $22,549,348
- ASSENAGON ASSET MANAGEMENT S.A. added 2,936,304 shares (+2469.8%) to their portfolio in Q4 2024, for an estimated $17,735,276
- CLEAN ENERGY TRANSITION LLP added 2,598,221 shares (+inf%) to their portfolio in Q3 2024, for an estimated $17,148,258
- GRANAHAN INVESTMENT MANAGEMENT, LLC removed 2,134,502 shares (-99.3%) from their portfolio in Q3 2024, for an estimated $14,087,713
- FRONTIER CAPITAL MANAGEMENT CO LLC removed 1,931,921 shares (-71.3%) from their portfolio in Q3 2024, for an estimated $12,750,678
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ALBUQUERQUE, N.M., Jan. 27, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced the appointment of Gina Gunning as its new chief legal officer and corporate secretary, effective immediately. Gunning will report directly to ARRAY’s chief executive officer, Kevin G. Hostetler, and will relocate to Chandler, Arizona.
Gunning joins ARRAY with more than 25 years of legal and compliance experience across global organizations. She is a recognized leader in corporate law, governance, compliance, and risk management, with expertise in structuring complex transactions, navigating regulatory landscapes, and leading diverse legal teams. Most recently, she served as Chief Legal Officer and Corporate Secretary at GrafTech International Ltd., where she led the legal department, developed strategic legal frameworks, and managed global litigation and arbitrations.
“Gina’s wealth of experience in corporate law, governance, compliance and strategy makes her uniquely qualified to navigate the regulatory landscape and support ARRAY’s ambitious growth plans,” said Hostetler. “Her ability to align legal strategies with business objectives will be instrumental as we continue to lead in renewable energy innovation.”
Prior to her tenure at GrafTech, Gunning held senior legal roles at FirstEnergy Corp. and Cliffs Natural Resources Inc., where she demonstrated expertise in mergers and acquisitions, securities law, and capital markets transactions. Earlier in her career, she was a capital markets partner at the global law firm Jones Day, advising Fortune 500 clients on corporate finance and governance.
“I am excited to join ARRAY Technologies and contribute to its mission of driving the global transition to sustainable energy,” said Gunning. “ARRAY’s innovative spirit and dedication to advancing renewable energy solutions resonate deeply with me, and I look forward to collaborating with the team to support its continued success.”
As chief legal officer, Gunning will lead ARRAY’s legal, compliance, and risk management teams, supporting business objectives and adherence to legal and ethical standards worldwide. Her responsibilities will also include providing strategic counsel on corporate governance, contracts, intellectual property, and environmental, social, and governance (ESG) initiatives.
Gunning earned her Juris Doctor from Notre Dame Law School, where she served on the Notre Dame Law Review, and her Bachelor of Arts from the University of Notre Dame.
About ARRAY
ARRAY Technologies (NASDAQ: ARRY) is a leading global renewable energy company and provider of utility-scale solar tracking technology. Engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, ARRAY relies on its diversified global supply chain and customer-centric approach to deliver, commission, and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on ARRAY, please visit arraytechinc.com.
Forward Looking Statement
This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website
www.arraytechinc.com
. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Media Contact
Nicole Stewart
505.589.8257
[email protected]
Investor Relations Contact
Array Technologies, Inc.
Investor Relations
[email protected]