Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company, announced that Executive Vice President and Chief Commercial Officer David Ranhoff will be resigning from his role, effective June 30, 2024. Following his departure, Ranhoff will assume a part-time role as Commercial Advisor beginning July 1, 2024.
In his new capacity, Ranhoff will continue to report to Badri Kothandaraman, Enphase's President and Chief Executive Officer. His focus will be on assisting with the transition of his duties and supporting strategic commercial initiatives. The company has stated that this change is in line with its existing succession plans.
Enphase Energy clarified that Ranhoff's decision to step down is due to personal reasons and emphasized that there are no disputes or disagreements between Ranhoff and the company regarding its operations, policies, or practices.
To ensure a seamless transition, responsibilities previously held by Ranhoff will now be divided between two senior vice presidents, both of whom will report directly to CEO Kothandaraman.
This organizational change comes at a time when Enphase Energy continues to play a significant role in the renewable energy sector, known for its solar microinverter systems and energy management technology.
The information disclosed in this article is based on a recent SEC filing by Enphase Energy.
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