Manufacturing Sustainability: Green Manufacturing News


Energy Focus Names Mark Plush Chief Financial Officer

posted by Wendy Stott
Published: July 08, 2011

Energy Focus, Inc. (Nasdaq:EFOI), a global leader in energy efficient lighting, today announced the appointment of Mark J. Plush as Vice President of Finance and Chief Financial Officer.  Mr. Plush brings over 28 years of financial management experience with Keithley Instruments, the last twelve years as Vice President and Chief Financial Officer. Prior to his role as CFO for Keithley Instruments, Mr. Plush served as Corporate Controller for sixteen years.

Under Mr. Plush's financial guidance, Keithley grew to be a highly profitable business, reporting $25 million in income on $127 million of revenue in 2010. On December 8, 2010, Danaher Corporation (NYSE:DHR) acquired Keithley for $21.60 per share in cash or an enterprise value of approximately $300 million.

"We are extremely pleased to have an executive with Mark's credentials join our team," said Joe Kaveski, CEO of Energy Focus. "His demonstrated financial skills in growing a high technology business coupled with his proven record of successfully growing shareholder value will prove highly valuable to Energy Focus and its shareholders."

Mr. Plush commented, "I am very excited to be joining the Energy Focus team and look forward to contributing to its success."