SINGAPORE, June 8, 2021 /PRNewswire/ -- Maxeon Solar
Technologies, Ltd. (NASDAQ:MAXN) (the Company), a global leader in
solar innovation and channels, today announced the appointment of
Steve Leonard as an independent
non-executive director to Maxeon's board of directors, effective
June 7, 2021. Mr. Leonard is an
international leader with more than 30 years of private and public
sector experience in the technology industry in Asia and Europe.
Steve Leonard currently serves as
CEO of Singularity University, a global organization dedicated to
helping entrepreneurial leaders better understand the opportunities
created by exponential technologies to positively impact companies,
communities and countries around the world. Mr. Leonard also
currently serves as an independent non-executive director at
Singapore Post Ltd. (SingPost), an international leader in
e-commerce logistics and services, and AsiaSat, a privately held
Hong Kong-based satellite
operator. He serves on the advisory boards of several universities
and organizations, including Cambridge Innovation Capital, a
deep-tech focused venture capital firm with strong links to the
University of Cambridge in
England.
"Steve's background within the technology industry, as well as
his experience with impact and sustainability initiatives, brings
capabilities and experiences that will significantly contribute to
our goals for Maxeon," said Dr. Kevin
Kennedy, Chairman of Maxeon's board of directors. "We are
delighted to welcome Steve to the board."
According to Maxeon's CEO Jeff
Waters, "Steve's expertise in technology-driven
transformation and the application of emerging technologies for
social impact will provide us invaluable perspectives as we
continue to execute on our global growth strategy and enhance
shareholder value. Steve is joining the board of Maxeon at a very
exciting time, and I'm looking forward to working closely with him
in this role."
Steve Leonard commented, "I am
thrilled to join Maxeon's board of directors. I am committed to
working with entrepreneurs, investors and senior leaders who tackle
important challenges in areas that can improve the sustainability
of the planet and the lives of people. The production of
sustainable energy is a hugely important area for humanity. Maxeon
has what it takes to truly shape the future in this area: a strong
reputation for leading solar panel technology and innovation, a
flourishing global brand and solid channels, and a unique, focused
approach to the utility scale business. I look forward to working
with Kevin and Jeff and the entire board to contribute to the
company's success."
Maxeon also announced the resignation of Chee Keong Yap as a director of the Company
effective June 7, 2021. Mr.
Yap's resignation is not a result of any disagreement with the
Company or its board and the Company thanks him for his service and
contributions.
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 1,200 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. For
more information about how Maxeon is Powering Positive
Change™ visit us at www.maxeon.com, on
LinkedIn and on Twitter @maxeonsolar.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, statements regarding the
company's expectations of success in its strategy going forward.
These forward-looking statements are based on our current
assumptions, expectations and beliefs and involve substantial risks
and uncertainties that may cause results, performance or
achievement to materially differ from those expressed or implied by
these forward-looking statements. A detailed discussion of these
factors and other risks that affect our business is included in
filings we make with the Securities and Exchange Commission ("SEC")
from time to time, including our most recent report on Form 20-F,
particularly under the heading "Item 3.D. Risk Factors." Copies of
these filings are available online from the SEC or on the
Financials & Filings section of our Investor Relations website
at www.maxeon.com/financials-filings/sec-filings. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
© 2021 Maxeon Solar Technologies, Ltd. All
Rights Reserved. MAXEON is a registered trademark of Maxeon Solar
Technologies, Ltd. Visit www.maxeon.com/trademarks for more
information.
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SOURCE Maxeon Solar Technologies, Ltd.