Sergey Polikarpov is departing as part of the deal, closed on May 15, whereby Michael Prokhorov transferred his stake in Plug Power Inc. to Vladimir Potanin.

Thus, after the completion of all legal procedures and under the terms of the deal, following persons, appointed by Smart Hydrogen, will become members of the Plug Power Board of Directors: Sergey Batekhin, Michael McGuire, Joel Gross and Lisa Rosenbloom.

McGuire is the Founder and Managing Partner of Triple Trunk Capital LLC, which provides liquidity to second-tier corporate clients and second-tier banks in the Russian market through the use of structured trade finance, structured finance and asset-backed lending strategies.

Prior to founding Triple Trunk, McGuire was the founder and managing director of ARIA Worldwide, Inc., where he executed more than $500 million in transactions, which focused on commodity trading and structured trade finance in Russia and Slavic republics of the CIS. McGuire started his career at Manufacturers Hanover Trust Co., (now JPMorgan Chase).