SINGAPORE, April 1, 2021 /PRNewswire/ -- Maxeon Solar
Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar
innovation and channels, today announced that Ralf Elias will join Maxeon as its Executive
Vice President and Global Head of Distributed Generation (DG)
Products on July 1, 2021. As a senior
member of the executive team, Elias will report directly to
Maxeon's CEO Jeff Waters. In this
newly created role, he will be responsible for leading Maxeon's
strategy to expand its DG business to go 'Beyond the Panel' –
leveraging the company's trusted brand and unique global dealer
channels to develop and market system solutions to complement its
industry-leading panels.
"I am very pleased to welcome an experienced executive of Ralf's
caliber to the Maxeon team," said Jeff
Waters, CEO of Maxeon Solar Technologies. "As a recognized
business leader who has spent most of his career guiding technology
innovation, Ralf's deep experience in consumer facing product
solutions and comprehensive Internet of Things (IOT) ecosystem
expertise will help Maxeon significantly accelerate our Beyond the
Panel strategy. The creation of this role reflects our commitment
to accelerating the development of our DG business, and
specifically highlights our focus on providing our customers with
complete smart energy solutions that enable them to continue
Powering Positive Change. We see this as a source of significant
future growth for Maxeon."
Elias brings more than two decades of executive experience to
Maxeon, including serving as Global Vice President IOT/Global
Business Development and Partnerships at Samsung Electronics. In
this role, Elias led global IOT products and services business
development across all consumer markets, building an ecosystem and
roadmap of partnerships across digital, hardware and services.
Prior to that, Elias worked for fourteen years in various
management roles with increasing responsibility at Vodafone Group,
where he became Group Head of Products and Innovation, and General
Manager Product Development. At Vodafone, his core focus was
creating world leading mass-market experiences around mobile,
fixed/ broadband, and IOT product propositions by combining and
bringing together hardware, software and services. He led numerous
engineering and commercial projects for add-on services culminating
in the development of the global SMART HOME and Consumer IOT
strategy, experience and execution.
"I always felt grateful in building products for a better
tomorrow and giving 'purpose to technology'. That journey started
way back at Vodafone where I first encountered smart energy as a
key theme and customer value proposition when my team was building
on the 'Samsung SmartThings' platform, and that sparked my interest
in renewables," said Ralf
Elias. "I'm proud to join Maxeon and its dedicated team at
such an important time in the global energy transition, and to be
able to apply my experience to developing energy solutions that
enable our customers to continue Powering Positive Change and
promote a more sustainable future. I believe that Maxeon's industry
leading solar panel technology, brand and go-to-market channels
provide a very strong platform for further development of its DG
business."
For more on the Maxeon's full leadership team, click here.
About Maxeon Solar Technologies
Maxeon Solar
Technologies (NASDAQ: MAXN) is Powering Positive Change™.
Headquartered in Singapore, Maxeon
designs, manufactures and sells SunPower® brand solar panels in
more than 100 countries, operating the SunPower brand worldwide
except the United States and
Canada. The company is a leader in
solar innovation with access to over 1,000 patents and two
best-in-class solar panel product lines. With operations in
Africa, Asia, Oceania, Europe and Mexico, Maxeon products span the global
rooftop and solar power plant markets through a network of more
than 1,100 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 timing and the company's
expectations of success in its expansion strategy in existing and
in new markets. 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 SEC from time
to time, including our Form 20-F, which was declared effective by
the SEC on August 4, 2020,
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.