Spruce Power Appoints Thomas Cimino as Chief Financial Officer

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12/08/2025 - 09:00 AM

- Seasoned energy-sector finance executive transitions from Interim to permanent CFO role

HOUSTON--(BUSINESS WIRE)-- Spruce Power Holding Corporation (NYSE: SPRU), a leading owner and operator of distributed residential solar energy assets across the United States, today announced that Thomas Cimino has been appointed Chief Financial Officer, effective immediately. Cimino had served as Interim CFO since June 2025 and formally executed his employment agreement with the company on December 3, 2025.

“We are excited to officially appoint Tom as our Chief Financial Officer,” said Chris Hayes, Chief Executive Officer of Spruce Power. “Since stepping in as Interim CFO, Tom has demonstrated exceptional financial leadership, strengthened our internal controls, and helped advance our operational and capital-allocation strategy. His deep experience across energy, infrastructure, and capital markets makes him the right leader to guide Spruce Power’s financial organization as we continue to drive discipline, stability, and long-term value creation.”

Cimino brings more than 25 years of senior financial leadership experience, including roles as:

Chief Financial Officer, Vantage Drilling International
Chief Financial Officer, AEI Services
Executive Vice President of Finance and Administration, EnfraGen

Earlier in his career, he served at the U.S. Securities and Exchange Commission, worked in the Global Capital Markets Group at PwC, and began his public-accounting career with KPMG.

“I am honored to step into the permanent CFO position at such an important time for Spruce Power,” said Cimino. “We have a strong strategy and a dedicated team focused on delivering dependable clean-energy solutions to homeowners. I look forward to continuing to strengthen our financial foundation and supporting the company’s growth.”

About Spruce Power

Spruce Power 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 customer contracts across the United States. For additional information, please visit www.sprucepower.com.