iPower reshuffles board, appoints Yue Guo as director

On May 8, 2025, iPower Inc. (NASDAQ:IPW), a $16.36 million market cap retail company specializing in building materials, hardware, and garden supplies, announced significant changes to its board of directors. According to InvestingPro analysis, the company appears undervalued despite its challenging year-to-date performance of -37.55%. Kevin Liles and Kevin Vassily have resigned from their positions on the board, effective immediately. The company expressed gratitude for their service.

Following these departures, iPower appointed Yue Guo as an independent director on the same day. Guo will also serve as Chair of the Nominating and Corporate Governance Committee and will be a member of both the Audit Committee and Compensation Committee. The appointment comes as iPower maintains a FAIR financial health score of 2.08 out of 5, according to InvestingPro metrics.

Yue Guo brings a wealth of experience from the IT and internet industry, with 14 years of expertise in community building, product management, and strategic content operations. Guo’s recent role as Senior Developer Marketing Manager at Amazon (NASDAQ:AMZN) Web Services (AWS) China involved leading the establishment of the China Developer Center, achieving significant engagement and new developer onboarding within the first year. Prior positions at JD Cloud Technology and Baidu (NASDAQ:BIDU) have seen Guo successfully scale developer communities and establish key educational partnerships.

Guo’s appointment is accompanied by a director offer letter, which includes an annual cash compensation of $10,000, payable quarterly, and a restricted stock unit award valued at $10,000, which will vest quarterly under the iPower Inc. Amended and Restated 2020 Equity Incentive Plan.

iPower confirmed that there are no familial relationships between Guo and the company, nor have there been any related party transactions in the last three years.

This leadership change is detailed in an 8-K filing with the Securities and Exchange Commission, indicating a strategic shift in iPower’s governance as it continues its operations in the competitive retail sector. With the company’s next earnings report due on May 15, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including iPower.

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