TAE Technologies, the fusion energy venture backed by Microsoft co-founder Paul Allen and other heavy-hitters, is elevating Michl Binderbauer to CEO and bringing former General Electric CEO Jeff Immelt onto its board of directors.
The California-based company’s former CEO, Steven Specker, will stay on as a board member and adviser. And Mark Lewis, who joined the company as chief business officer last year, has been appointed president.
In an interview, Binderbauer told GeekWire that the executive change-over has been “amicable,” and will set the stage for the next chapter in TAE’s efforts to tame nuclear fusion and capitalize on technological spin-offs along the way.
