Maxeon Appoints Bill Mulligan As New CEO From January To Support Global Footprint Expansion - Maxeon Solar Technologies (NASDAQ:MAXN)

  • Maxeon Solar Technologies, Ltd MAXN named Bill Mulligan as its CEO and member of its board of directors, effective as of January 23, 2023.
  • Mulligan was Chief Operating Officer at Sila Nanotechnologies, a privately held Silicon Valley company.
  • Board Chair Donald Colvin said, “Bill joins Maxeon as we expand our global manufacturing footprint, deploy a new 3 GW factory in the U.S., bring our next-generation Maxeon 7 and Performance 7 products to market, and ramp up our Beyond the Panel initiative where we expect that Bill’s previous micro-inverter business experience will be relevant.”
  • Mark Babcock has served as interim CEO since September.
  • Mulligan succeeds former CEO Jeff Waters, who departed in September for reasons undisclosed.
  • Price Action: MAXN shares closed lower by 7.34% at $16.91 on Tuesday.
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Image and article originally from www.benzinga.com. Read the original article here.