RICHMOND, Calif. - SunPower Corp. (NASDAQ:SPWR), a North American residential solar and energy services provider, has appointed Tom Werner as Executive Chairman of its Board, effective Monday. Werner, who has a long-standing history with the company, including a previous tenure as CEO and Chairman, returns to SunPower after various roles in other energy and technology firms.
Werner's reappointment comes at a time when SunPower is focused on strengthening its core business and leveraging additional capital to enhance its position in the solar industry. His extensive experience in the sector is expected to contribute significantly to the company's strategic initiatives.
Peter Faricy, CEO of SunPower, expressed confidence in Werner's return, highlighting his deep industry knowledge and previous contributions to the company's growth. Werner himself expressed enthusiasm for his new role, emphasizing collaboration with the company and board to advance SunPower's mission.
Despite the change in leadership, Faricy will maintain his involvement with SunPower as a Director on the Board. This move is part of SunPower's broader strategy to harness expertise and leadership to navigate the evolving energy landscape.
SunPower, known for its residential solar solutions and storage systems, aims to provide customers with increased control over electricity use and savings, while also offering resilience during power outages.
The information for this article is based on a press release statement from SunPower Corp.
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