REDWOOD CITY, Calif., Oct. 18, 2018 /PRNewswire/ -- DC Systems, a leader in utility grade smart energy applications, today announced the unanimous approval from its board of directors to appoint Kenneth Munson as its new Chief Executive Officer. Munson was previously the Company's COO and will assume his new role immediately. The company's founder, Douglass Campbell will remain Chairman of the Board and assume the role of Chief Technology Officer.
"I am honored to have been chosen by the board to lead DC Systems," Munson said. "I firmly believe that by leveraging the Company's nearly thirty-year legacy of innovation and customer centric focus we can push industry boundaries and surpass our goals in today's dynamic and changing energy markets. I look forward to working with the executive team, our employees, and partners in serving our customers while driving growth for our company."
A seasoned COO and CEO, Munson brings a 20+ year history of creating, commercializing, and scaling disruptive technologies in "cloud-based" demand-side energy management, automation and control, grid analytics, and intelligent energy storage. His background includes leadership in market-development, product commercialization, revenue generation and capitalization strategies. Prior to joining DC Systems, Munson co-founded Sunverge Energy and served as its President and Chief Executive Officer for nearly a decade.
Best known for his ability to lead the growth of early stage ventures, Munson's track record for scaling operations and high-level strategic planning will provide DC Systems with the awareness required to win new partners and customers. Munson will emphasize growth, financial discipline and shareholder value creation across the Company's core markets in 2018 and beyond.
"Ken joined DC Systems in April, and in a short period of time has proven to be a visionary leader with superb execution abilities," said DC Systems Founder and Chairman, Douglass Campbell. "We are confident that Ken's expertise in grid-edge software and business acumen is perfectly suited to lead the next phase of the company's growth and success."
About DC Systems
DC Systems has been a trusted partner to utilities, EPCs, large power producers and energy users since 1990 and has more than 100 utility customers and 400 projects worldwide. DC Systems provides a flexible and scalable product suite that embeds real-time intelligent control, secure communications and monitoring of centralized and aggregated decentralized grid assets. DC Systems is headquartered in Redwood City, CA and customers include Southern California Edison, Sempra Renewables, Alliant Energy, Pacific Gas & Electric (PG&E), Austin Energy, Potomac Electric Power, Chevron, Shell, and Silicon Valley Power.
Ms. Christi Graham
SOURCE DC Systems