Maxeon Solar Technologies Announces Appointment of New Chairman of the Board – EQ Mag Pro
SINGAPORE : Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced the appointment of Donald Colvin to succeed Kevin Kennedy as its new chairman of the board of directors (“Board”), effective immediately.
Mr. Colvin is a seasoned business leader who has held a number of leadership positions for multinational companies, including the role of Chief Financial Officer for ON Semiconductor, Atmel Corporation, Isola, Caesars Entertainment Corporation, and European Silicon Structures. Mr. Colvin currently serves as an independent director for Maxeon’s Board, Chairman of its Audit Committee and member of its Coordination Committee and Compensation Committee. Mr. Colvin also serves as an independent director and chairman of the audit committee for Viavi Solutions and Agilysys.
“Don has been invaluable to Maxeon as a board member during its first year as an independent public company, and I am thrilled to have him as our new chairman. His operating career in manufacturing-intensive, global technology industries and his strong independent director experience make him ideal to lead our Board. I look forward to working even more closely with him to continue to ensure Maxeon makes a positive impact for all stakeholders, including our customers, shareholders, and society,” said Jeff Waters, CEO of Maxeon Solar Technologies.
“I feel very privileged to take on this role at such an exciting time for Maxeon,” said Don Colvin. “I believe Maxeon has a great products and technology and talented management team that uniquely positions it. As the solar industry evolves, I think Maxeon is in a position to deal with these changes in thoughtful and innovative ways which will benefit all Maxeon’s stakeholders for years to come. It has been a pleasure working under Kevin’s leadership, and we understand his need to rebalance his board commitments.”
Kevin Kennedy stepped down as chairman of the Board effective upon Mr. Colvin’s appointment but continues as chairman of the Compensation Committee and member of the Audit Committee and Nominating and Corporate Governance Committee. Mr. Colvin continues as chairman of the Audit Committee and member of the Compensation Committee and Coordination Committee.
Following the recent public listing of Quanergy Systems for which Mr. Kennedy currently serves as chief executive officer and chairman of the board, he additionally indicated his intention to resign as an independent director of the Board effective with the Company’s appointment of a successor independent director. A search for the successor is in process.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs and manufactures Maxeon® and SunPower® brand solar panels, and has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. The company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,400 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology.
