SAN JOSE, Calif., Jan. 6, 2020 /PRNewswire/ -- SunPower
Corporation (NASDAQ: SPWR), today announced that Joanne Solomon has been named Chief Financial
Officer (CFO) of Maxeon Solar Technologies (Maxeon Solar), the
planned spin-off from SunPower. A seasoned executive with more than
30 years of experience, Solomon will join the company on
Jan. 6, 2020 and in her role, she'll
lead Maxeon Solar's global finance, planning, accounting and
information technology organizations. She will work closely with
SunPower CFO Manavendra Sial
throughout the transition to Maxeon Solar splitting off. SunPower
announced in November plans to separate into two companies that
will be complementary, strategically-aligned and focused on
distinct offerings.
Solomon most recently served since 2017 as CFO for Katerra Inc.
Prior to this, she worked for 16 years at Amkor Technology, Inc.,
one of the world's largest providers of semiconductor packaging and
test services, in various roles including CFO. Solomon began her
career at Price Waterhouse.
"We're pleased to have Joanne join us as we build our Maxeon
Solar leadership team," said Jeff
Waters, CEO of SunPower Technologies and soon-to-be CEO of
Maxeon Solar. "She brings a wealth of practical and leadership
experience in key areas as we work to build off of SunPower's
success and become the leading global technology innovator,
manufacturer and marketer of premium solar panels."
Solomon earned a Bachelor of Science in Business Accounting from
Drexel University and a Master of
Business Administration in International Management from
Thunderbird School of Global Management.
About SunPower
As one of the world's most innovative and sustainable energy
companies, SunPower Corporation (NASDAQ:SPWR) provides a diverse
group of customers with complete solar solutions and services.
Residential customers, businesses, governments, schools and
utilities around the globe rely on SunPower's more than 30 years of
proven experience. From the first flip of the switch, SunPower
delivers maximum value and superb performance throughout the long
life of every solar system. Headquartered in Silicon Valley,
SunPower has dedicated, customer-focused employees in Africa, Asia,
Australia, Europe, North and South America. For more information about how
SunPower is changing the way our world is powered, 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 the
anticipated spinoff of Maxeon Solar, and the business prospects of
the resulting companies. 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 challenges in executing transactions key to our
strategic plans, including completing the separation, including
regulatory and other challenges that may arise. A detailed
discussion of the factors noted herein 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.
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SOURCE SunPower Corp.