Tony Garzolini
rejoins the company in a newly created role as SunPower deepens
focus on profitability and Dealer experience
RICHMOND, Calif., March 14,
2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR) a
leading residential solar technology and energy services provider,
today announced the appointment of residential solar and home
energy veteran, Tony Garzolini, as
Executive Vice President and Chief Revenue Officer (CRO). In this
role, Tony will oversee sales, including the Direct, Dealer and New
Homes channels, along with pricing and demand generation.
"SunPower made great strides to improve our financial footing
and we remain laser focused on achieving profitability and cash
flow generation. As a part of this imperative, we're pleased to
welcome Tony back to SunPower as our first Chief Revenue Officer,"
said Tom Werner, Executive Chairman
of the Board and Principal Executive Officer of SunPower.
"With Tony's deep expertise in residential renewable energy and
exceptional track record working with our valued network of
independent solar dealers, we believe his leadership will help put
SunPower in a strong position to nurture the Dealer Network and
expand its reach, further our market leading position in New Homes,
and dramatically improve the customer experience."
Garzolini brings more than 20 years of experience in home
energy. Most recently, Garzolini served as Senior Vice President of
Residential Product Sales for Generac Power Systems. Prior to that,
he held various leadership positions at SunPower for more than 13
years, including Vice President of Residential Sales. During his
time at the Company, Garzolini played a significant role in
building SunPower's Dealer Network and launching SunPower's direct
sales channel. He also directed the Company's sales strategy as it
evolved from a module-maker to offering complete solar and storage
systems and financial products.
"Residential solar is at a critical juncture. Companies that
lead through this period will have a significant opportunity to
drive consumer adoption of renewable energy and shape the market
moving forward," said Garzolini. "I'm eager to work with SunPower's
leadership and sales teams, alongside our Dealer Network, as we
lead SunPower into its next chapter."
About SunPower
SunPower (NASDAQ:SPWR) is a leading
residential solar, storage and energy services provider in
North America. SunPower offers
solar + storage solutions that give customers control over
electricity consumption and resiliency during power outages while
providing cost savings to homeowners. For more information, visit
www.sunpower.com.
Forward Looking Statement
This release includes information that constitutes
forward-looking statements. All statements, other than statements
of historical fact, are forward-looking statements for purposes of
the U.S. federal and state securities laws. Forward-looking
statements often address expected future business and financial
performance, and often contain words such as "believe," "expect,"
"anticipate," "intend," "plan," or "will" or the negative thereof
or other variations thereof or comparable terminology. By their
nature, forward-looking statements address matters that are subject
to risks and uncertainties. Any such forward-looking statements may
involve risk and uncertainties that could cause actual results to
differ materially from any future results encompassed within the
forward-looking statements. Examples of such forward-looking
statements include, but are not limited to, statements regarding
the Company's future business plans, strategy and performance, as
well as expectations with respect to our industry and the
residential solar market. Factors that could cause or contribute to
such differences include, but are not limited to, the Company's
ability to continue as a going concern; the Company's ability to
raise additional capital or obtain financing; the Company's ability
to comply with debt covenants or cure any defaults; the Company's
ability to repay our obligations as they come due; and the risks
and other important factors discussed under the caption "Risk
Factors" in the Company's Annual Report on Form 10-K/A for the
fiscal year ended January 1, 2023 and
the Quarterly Report on Form 10-Q for the quarterly period ended
October 1, 2023, and the Company's
other filings with the SEC. The Company cautions you that the list
of important factors included in the Company's filings with the SEC
may not contain all of the material factors that are important to
you. In addition, in light of these risks and uncertainties, the
matters referred to in the forward-looking statements contained in
this press release may not in fact occur. These forward-looking
statements should not be relied upon as representing the Company's
views as of any subsequent date, and the Company is under no
obligation to, and expressly disclaims any responsibility to,
update or alter its forward-looking statements, whether as a result
of new information, future events, or otherwise, except as required
by applicable law.
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SOURCE SunPower Corp.