FTC Solar Announces New Sales and Leadership Appointments

Rhea-AI Summary

FTC Solar (Nasdaq: FTCI) has announced new leadership appointments to enhance customer experience and support global growth. The changes include Patrick Cook as Senior VP of Capital Markets and Business Development, Alberto Echeverria as Senior VP of International Sales, and Tamara Mullings as Senior VP of North American Sales. Cook, formerly Chief Commercial Officer and CFO, brings experience from Dot Foods, SunEdison, and Bank of America. Echeverria, a veteran in the tracker industry, has held senior roles at STI Norland and Nextracker. Mullings, a former FTC Solar board member, has a background with AFARA Governance, MetLife, SunEdison, and IBM. Chairman Shaker Sadasivam stated these appointments will help the company better serve customers and achieve strategic growth.

Positive

• New leadership appointments aimed to enhance customer experience.
• Patrick Cook brings extensive experience in finance and business development.
• Alberto Echeverria is a seasoned leader in the tracker industry.
• Tamara Mullings has strong ties with North American customers.
• Strategic growth initiatives supported by experienced leadership.

Negative

• No immediate financial data or performance improvement mentioned.
• Resignation of Tamara Mullings from the Board could indicate internal restructuring.

AUSTIN, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced new leadership appointments and an expanded sales leadership team designed to enhance customer experience and success while supporting global sales and strategic growth.

The leadership appointments include:

Patrick Cook, to Senior Vice President, Capital Markets and Business Development. Cook most recently served as FTC Solar’s Chief Commercial Officer since April 2022, overseeing sales, sales engineering, and capital markets activities. Prior to this role he served as the company’s Chief Financial Officer since July 2019. Prior to FTC he served finance and leadership roles with Dot Foods, SunEdison and Bank of America.

Alberto Echeverria, to Senior Vice President, International Sales. Echeverria, a tracker industry veteran, is the former CEO and Executive Member of the Board of STI Norland where he worked for five years through 2020. Most recently, he served as Sales Director of Europe and International for Nextracker. Echeverria’s background also includes leadership experience with IDEEMATEC, Almaia Capital, GES, and Siemens.

Tamara Mullings, to Senior Vice President, North American Sales. Mullings has served as a member of FTC Solar’s Board of Directors since January 2023, and previously as a Board Observer since 2021. She is the founder of AFARA Governance Inc., and she served as AVP of Global Technology Services at MetLife from 2018-2021. Earlier in her career, she served in leadership, strategy, and program management positions with SunEdison, Southern California Edison, and IBM. Coincident with this appointment, Mrs. Mullings has resigned from her position on the Board.

“These appointments will enhance our ability to better serve our customers and support our strategic growth initiatives,” said Shaker Sadasivam, Chairman of the Board of FTC Solar. “Alberto, an experienced leader in our industry with a strong track record of execution, will lead the positioning and growth of our business in the European and international markets. Tamara will help us build stronger relationships with our North American customers and enable the accelerated expansion of our sales in our largest market. And we will look forward to leveraging Patrick’s experiences across both the finance and commercial parts of the business to lead our capital markets and strategic business development efforts.”

About FTC Solar Inc.
Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a leading provider of solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.

FTC Solar Investor Contact:
Bill Michalek 
Vice President, Investor Relations 
FTC Solar
T: (737) 241-8618 
E: IR@FTCSolar.com

Forward-Looking Statements 
This press release contains forward looking statements. These statements are not historical facts but rather are based on our current expectations and projections regarding our business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.  In addition, this press release contains statements about third parties and their commercial activity.  We have not independently verified or confirmed such statements and have instead relied on the veracity of information as provided to us by such third parties related to such statements.  You should not rely on our forward-looking statements or statements related to third parties or their commercial activities as predictions of future events, as actual results may differ materially from those in the forward-looking statements or statements related to third parties or their commercial activities because of several factors, including those described in more detail above and in our filings with the U.S. Securities and Exchange Commission, including the section entitled “Risk Factors” contained therein. FTC Solar undertakes no duty or obligation to update any forward-looking statements or statements related to third parties or their commercial activities contained in this release as a result of new information, future events or changes in its expectations, except as required by law. 

 

FAQ

What are the recent leadership changes at FTC Solar?

FTC Solar announced Patrick Cook as Senior VP of Capital Markets and Business Development, Alberto Echeverria as Senior VP of International Sales, and Tamara Mullings as Senior VP of North American Sales.

Who is Patrick Cook and what role did he previously hold at FTC Solar?

Patrick Cook was FTC Solar's Chief Commercial Officer and Chief Financial Officer before being appointed as Senior VP of Capital Markets and Business Development.

What experience does Alberto Echeverria bring to FTC Solar?

Alberto Echeverria is a tracker industry veteran with experience as CEO of STI Norland and Sales Director for Nextracker.

What is Tamara Mullings' new role at FTC Solar?

Tamara Mullings has been appointed as Senior VP of North American Sales at FTC Solar.

Why did Tamara Mullings resign from the FTC Solar Board?

Tamara Mullings resigned from the Board to focus on her new role as Senior VP of North American Sales.