Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 745

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 745
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 on several
boards of directors, which the Board believes qualifies him to serve as a director.

William
Hazelip has served as a member of the Board since February 2021. From 2015 to March 2022, he has served as Vice President of National
Grid PLC (“National Grid”), a multinational electricity and gas utility company and has served as its Senior Vice President
since April 2022. He has also served as National Grid’s President, Global Transmission (US) from 2017 to 2019 and President of
Strategic Growth for National Grid Ventures since August 2019, developing new business opportunities in electric transmission, energy
storage, and renewable energy. Prior to joining National Grid, he was the Managing Director, Business Development at Duke Energy Corporation
and the President of Path 15 Transmission, LLC, an independent electric transmission company in California, where he led the acquisition
for Duke Energy Corporation. Mr. Hazelip also has extensive experience serving on the boards of directors of companies. He currently
serves as a member of the board of directors of Millennium Pipeline Corporation, a natural gas pipeline company, the Vice-Chairman of
the board of directors of New York Transco, an electric transmission company, and a member of the board of directors of Community Offshore
Wind, a clean energy joint venture of RWE AG and National Grid. Mr. Hazelip began his career as an Area Director for CWL Investments,
LLC, a Michigan investor group that owns and operates restaurant franchises including Jimmy John’s Gourmet Sandwich Shops. Mr.
Hazelip earned a B.A. from Emory University and an I.M.B.A. from the Darla Moore School of Business at the University of South Carolina.
Mr. Hazelip is an accomplished leader in the energy industry, with deep experience in utility project development, financing, regulation,
and operations, which the Board believes, particularly in light of the Company’s involvement with the renewable energy sector as
it relates to their cryptocurrency mining subsidiary, qualifies him to serve as a director.

65

Thomas
J. Marusak has served as a member of the Board since December 2004. Additionally, Mr. Marusak served as a member of the board of
directors of our former subsidiary, MTI Instruments, Inc., since April 2011, and has served as a member of the board of directors of
our subsidiary, SCI, since January 2020. From 1986 to 2023, Mr.