SAN JOSE, Calif., Jan. 25, 2022 /PRNewswire/ -- SunPower Corp.
(NASDAQ:SPWR), a leading solar technology and energy services
provider, today announced the appointments of Vinayak Hegde and Vincent Stoquart to its Board
of Directors. The changes reflect a thoughtful and strategic
approach to cement SunPower's position as a leading residential
solar company.
"Core to our long-term success in providing energy resilience to
millions of American homeowners, we need diverse leaders who are
deeply experienced and positioned to help drive the company's
growth," said Peter Faricy, CEO,
SunPower. "Hegde and Stoquart are highly energetic leaders who are
committed to making clean energy consumer-friendly. I'm more
confident than ever that we have the right leaders and advisors in
place to make solar easy to purchase and easy to use for all
homeowners."
Hegde has held a number
of leadership positions for some of the world's
largest consumer brands, specifically driving customer
acquisition for household tech brands including Amazon,
Groupon and, most recently, Airbnb. Building on a successful
career in marketing and technology, Hegde helped
grow the vacation rental business to $4.8
billion in revenue and $39 billion in
bookings with over 327 million nights booked. He will provide
lead generation expertise and operating insights to SunPower's
Board, and support SunPower's efforts to enhance the customer
experience. He also sits on the Board of Directors for Gannett.
Stoquart is a seasoned energy executive who joins the SunPower
Board with over 23 years of experience at TotalEnergies. Currently,
he is senior vice president of the Renewables division of
TotalEnergies. Prior to that, he served as senior vice president,
Refining and Petrochemicals Americas, and president and chief
executive officer of Total Petrochemicals & Refining
USA, Inc. He is also the country
chair for TotalEnergies in the U.S. As a SunPower Board member,
Stoquart will use his deep experience to provide business and
industry leadership and counsel.
The new appointments to the Board of Directors come on the heels
of other recently added talent to accelerate the company's growth
among American consumers across a wide range of age brackets,
ethnicities, income levels and geographies. New executive
management team appointments include Amazon veteran Ellen Kinney who joins as vice president of
Digital Products. In this role, Kinney is focused on making the
purchase and financing of solar easy for homeowners with digital
innovation, further removing the barriers to solar adoption.
About SunPower
Headquartered in California's Silicon Valley, SunPower
(NASDAQ:SPWR) is a leading Distributed Generation Storage and
Energy Services provider in North America. SunPower offers the
only solar + storage solution designed and warranted by one company
that gives customers control over electricity consumption and
resiliency during power outages while providing cost savings to
homeowners, businesses, governments, schools and utilities. For
more information,
visit www.sunpower.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements regarding anticipated
growth, market positioning, and future areas of focus. These
forward-looking statements are based on our current assumptions,
expectations and beliefs and involve substantial risks and
uncertainties that may cause results, performance or achievement to
materially differ from those expressed or implied by these
forward-looking statements. Factors that could cause or contribute
to such differences include, but are not limited to changes in the
policy environment, and the availability of economic incentives for
our products; challenges in executing transactions key to our
strategic plans; and potential disruptions to our operations that
may result from epidemics or natural disasters, including impacts
of the Covid-19 pandemic. A detailed discussion of these factors
and other risks that affect our business is included in filings we
make with the Securities and Exchange Commission (SEC) from time to
time, including our most recent reports on Form 10-K and Form 10-Q,
particularly under the heading "Risk Factors." Copies of these
filings are available online from the SEC or on the SEC Filings
section of our Investor Relations website at
investors.sunpower.com. All forward-looking statements in this
press release are based on information currently available to us,
and we assume no obligation to update these forward-looking
statements in light of new information or future events.
©2022 SunPower Corporation. All rights reserved. SUNPOWER and
the SUNPOWER logo are trademarks or registered trademarks of
SunPower Corporation in the U.S.
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SOURCE SunPower Corp.