Enphase Energy Appoints Badri Kothandaraman as President and CEO
September 06 2017 - 7:45AM
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology
company and the world’s leading supplier of solar microinverters,
announced today its Board of Directors has appointed Badri
Kothandaraman as the Company’s new President and Chief Executive
Officer and member of its Board of Directors. Mr. Kothandaraman
succeeds Paul Nahi, who resigned as President and CEO and a member
of the Company’s Board of Directors, effective August 8, 2017.
“We are thrilled to appoint Badri, a highly
respected and accomplished leader with a proven track record of
growth and operational excellence, as Enphase’s new President and
CEO,” said Steve Gomo, lead independent director of Enphase
Energy’s board of directors. “Following a thorough review of
candidates, the Board determined Badri’s ability to connect people,
vision and ideas to drive strategy and execution make him an ideal
fit for his new role at Enphase. We are confident he will help to
lead Enphase through its next growth phase and reach its full
potential in a rapidly changing solar industry.”
Prior to joining Enphase in April 2017 as chief
operating officer, Kothandaraman gained strong technical,
operational, strategy, and leadership experience during his 21-year
career at Cypress Semiconductor. An engineer by training,
Kothandaraman received his B.Tech degree from IIT Madras and an
M.S. degree in materials science from U.C. Berkeley. He started his
career with Cypress Semiconductor in 1995 and worked in process
technology development and chip design before becoming vice
president of the Asynchronous SRAM Business in 2008. Kothandaraman
was subsequently promoted to executive vice president of Cypress's
Data Communications Division in November 2011 and spent the next
five years building the USB 3.0, USB-C and the Internet of Things
businesses. He also served as the executive director of Cypress
Semiconductor Technology India Private Limited from 2012 to 2016.
Kothandaraman attended the Stanford Executive Program in 2008 and
holds eight U.S. patents.
“I am excited about the opportunity to lead Enphase
as we continue to explore growth opportunities and strengthen our
leadership in renewable energy,” said Badri Kothandaraman, “Enphase
has an outstanding reputation for technology innovation and
quality, and we are pleased with the ongoing rollout of our IQ
platform and the Enphase Energized™ AC Module products. I look
forward to working with a very talented team to create value for
our employees, customers, shareholders, partners, and vendors.”
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company,
delivers smart, easy-to-use solutions that connect solar
generation, storage and management on one intelligent platform. The
Company revolutionized solar with its microinverter technology and
produces the world’s only truly integrated solar plus storage
solution. Enphase has shipped approximately 15 million
microinverters, and more than 661,000 Enphase systems have been
deployed in more than 100 countries. For more information, visit
www.enphase.com.
Enphase Energy®, the Enphase logo and other
trademarks or service names are the trademarks of Enphase Energy,
Inc.
Forward-Looking Statements
This press release may contain forward-looking
statements, including statements related to Enphase Energy's:
continued growth prospects; and ability to create value for our
employees, customers, shareholders, partners, and vendors. These
forward-looking statements are based on the company's current
expectations and inherently involve significant risks and
uncertainties. Actual results and the timing of events could differ
materially from those anticipated in such forward-looking
statements as a result of these risks and uncertainties and other
risks detailed in the "Risk Factors" and elsewhere in Enphase
Energy's latest Securities and Exchange Commission filings and
reports. Enphase Energy undertakes no duty or obligation to update
any forward-looking statements contained in this release as a
result of new information, future events or changes in its
expectations.
Contact
Investors:
Christina Carrabino
Enphase Energy, Inc.
ir@enphaseenergy.com
+1-707-763-4784, x7294
Media:
Christian Zdebel
pr@enphase.com
+1-484-788-2384
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