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Algorhythm appoints new CEO Greg Smith and EVP Kevin Tangen to boost renewable power growth.

Market News
05 Nov 2026, 16:30 WIB
GlobeNewsWire
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Bullish
Algorhythm appoints new CEO Greg Smith and EVP Kevin Tangen to boost renewable power growth.

Algorhythm Holdings named Greg Smith, a former IBM executive, as CEO to enhance operational execution and accelerate renewable power development. Kevin Tangen, a 40-year power generation veteran, was appointed EVP of Engineering and Technology to lead engineering efforts at Azure Energy, Algorhythm's renewable power arm. The leadership changes aim to support the company's expanding renewable projects and business development, with former CEO Andrew Thompson focusing on new business opportunities in the southeastern US. These moves position Algorhythm to advance its renewable energy projects and growth strategy in 2027.

Algorhythm's leadership changes in renewable power come with a backdrop of active energy sector trading on Pluang. For readers following the energy sector, here is Pluang's market snapshot as of Nov 05, 2026 20:15 WIB: Among 79 priced US energy stocks, 64 rose and 13 fell. Kosmos Energy Ltd. shares traded at USD 2.33 with a 3.56% increase and a typical hold time of 2 days, while Solaredge Technologies Inc. stood at USD 31.00, up 3.26%, with a notably longer hold time of 35 days and a balanced buy/sell order activity. Delek US Holdings Inc. shares were priced at USD 67.45, up 3.04%, with a typical hold time of 7 days.

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