USBN Q2 2018

US BUSINESS NEWS / Q2 2018 21 , BloomEnergy Corporation recently announced that former Cisco CEO and Executive Chairman, and current CEO and Founder of JC2 Ventures, John Chambers has joined the company’s board of directors. Former Cisco CEO John Chambers Joins Bloom Energy Board of Directors Bloom Energy was founded in 2001 with a mission is to make clean, reliable, and affordable energy for everyone in the world. The market-leading provider of clean, reliable, distributed electric power, announced on the 10th May 2018 that former Cisco CEO and Executive Chairman, and current CEO and Founder of JC2 Ventures, John Chambers has joined the company’s board of directors. During his more than 25-year tenure at Cisco, Chambers helped grow the company exponentially from revenues of $70 million in 1991 to $47 billion when he stepped down as CEO. In January 2018, Chambers launched the purpose- driven venture capital firm JC2 Ventures. JC2 Ventures invests in companies across categories and geographies that are leading market transitions. As CEO, Chambers focuses on helping disruptive start-ups from around the world build and scale, while also promoting the broader development of start-up nations and a start-up world. “John is one of the most respected voices of the technology community and exemplifies the leadership qualities that most CEOs aspire to,” said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy. “He is a sought-after advisor by world leaders who value his advice on how technology can transform and improve economic outcomes. I’m delighted to welcome John to our team.” “Periods of transformation are the perfect opportunity for disruptive companies to make their move and drive the market’s next transition,” said John Chambers. “The energy industry is experiencing incredible change and is at a pivotal moment in time. Bloom Energy has the expertise needed to be a leader and guide the world towards distributed energy. I’m excited to help KR and his team to scale a world class business.” Chambers will join a Bloom Energy Board that includes: General Colin L. Powell USA (ret.), 65th U.S. Secretary of State; John Doerr, Chairman of Kleiner Perkins Caufield and Byers; Scott Sandell, Managing General partner of New Enterprise Associates; Honorable Mary K. Bush, President of Bush International, LLC; Peter Teti of Alberta Investment Management Corporation; Eddie Zervigon representing Morgan Stanley; Kelly Ayotte, U.S. Senator from New Hampshire from 2011- 2017, and KR Sridhar, Founder, Chairman and CEO of Bloom Energy.