SunPower names CFO for Singaporean spin-off Maxeon Solar

Sunpower modules. Author: pgegreenenergy. License: Creative Commons, Attribution 2.0 Generic.

January 7 (Renewables Now) - SunPower (NASDAQ:SPWR) said on Monday it has appointed Joanne Solomon as chief financial officer (CFO) for its solar manufacturing business that will operate as a new Singapore-based company.

The US solar group announced a plan to spin off its international photovoltaic (PV) cell and panel manufacturing operations into a new company, called Maxeon Solar Technologies, in November 2019. The plan calls for SunPower to become a North America-focused distributed generation, storage and energy services company.

Joanne Solomon became part of Maxeon Solar on January 6, 2020 and will be responsible for the company’s global finance, planning, accounting and information technology business. She will work in close collaboration with SunPower’s CFO Manavendra Sial during the transition and separation period. As previously announced, SunPower and Maxeon will be “complementary, strategically-aligned and focused on distinct offerings.”

With more than 30 years of experience, Solomon has worked for Price Waterhouse and semiconductor packaging and test services provider Amkor Technology Inc. Since 2017, she was the CFO of construction group Katerra Inc.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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