Cerberus Shuffles Board Seats at Eos Energy
The private-equity firm replaces one director with another at the battery maker, exercising its rights as a major preferred shareholder.
Cerberus Capital Management has reshaped the board of Eos Energy, swapping out one of its appointed directors for another. Gregory Nixon stepped down from his seat on the battery maker's board, a position he held as a designee of the holder of the Series B Preferred Stock. On the same day, Nathaniel Fick resigned as a Class III director and was immediately re-elected by CCM Denali Equity to fill the vacancy left by Mr. Nixon.
The move keeps Cerberus's influence firmly in place at the company. Mr. Fick will continue to serve on the board's Nominating and Corporate Governance Committee, maintaining the firm's presence on a key oversight body. The transaction, disclosed in a regulatory filing, underscores the private-equity giant's deep involvement in the strategic direction of the energy storage firm.