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FTC Solar Announces Resignation of Board Member

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FTC Solar (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced the resignation of Isidoro Quiroga Cortes from its Board of Directors, effective August 11, 2024. Quiroga Cortes served on the board for over four years, contributing insights on corporate strategy, governance, and organizational structure.

Chairman Shaker Sadasivam expressed gratitude for Quiroga Cortes' service and contributions. Quiroga Cortes stated his intention to remain engaged with FTC Solar as a shareholder and looks forward to watching the company's progress. The announcement highlights the amicable nature of the departure and suggests continued support from the outgoing board member.

FTC Solar (Nasdaq: FTCI), un fornitore leader di sistemi di tracker solari, software e servizi ingegneristici, ha annunciato le dimissioni di Isidoro Quiroga Cortes dal suo Consiglio di Amministrazione, con effetto dall'11 agosto 2024. Quiroga Cortes ha servito nel consiglio per oltre quattro anni, offrendo contributi in merito alla strategia aziendale, alla governance e alla struttura organizzativa.

Il presidente Shaker Sadasivam ha espresso gratitudine per il servizio e i contributi di Quiroga Cortes. Quiroga Cortes ha dichiarato la sua intenzione di rimanere coinvolto con FTC Solar come azionista e attende con interesse i progressi dell'azienda. L'annuncio sottolinea la natura amichevole della partenza e suggerisce un continuo supporto da parte del membro dimissionario del consiglio.

FTC Solar (Nasdaq: FTCI), un proveedor líder de sistemas de seguimiento solar, software y servicios de ingeniería, anunció la renuncia de Isidoro Quiroga Cortes a su Junta Directiva, efectiva el 11 de agosto de 2024. Quiroga Cortes sirvió en la junta durante más de cuatro años, aportando ideas sobre estrategia corporativa, gobernanza y estructura organizativa.

El presidente Shaker Sadasivam expresó su agradecimiento por el servicio y las contribuciones de Quiroga Cortes. Quiroga Cortes declaró su intención de seguir involucrado con FTC Solar como accionista y espera con interés ver el progreso de la empresa. El anuncio destaca la naturaleza amistosa de la salida y sugiere un apoyo continuo por parte del miembro saliente de la junta.

FTC Solar (Nasdaq: FTCI), 태양광 추적 시스템, 소프트웨어 및 엔지니어링 서비스의 선도적인 공급업체가 이시도로 키로가 코르테스의 이사회의 사임을 발표했습니다. 사임은 2024년 8월 11일부터 유효합니다. 키로가 코르테스는 4년 이상 이사회에서 근무하며 기업 전략, 거버넌스 및 조직 구조에 대한 통찰력을 제공했습니다.

회장 샤커 사다시밤은 키로가 코르테스의 서비스와 기여에 대해 감사를 표했습니다. 키로가 코르테스는 FTC Solar의 주주로서 계속 참여할 의사를 밝히고 회사의 발전을 지켜보기를 기대하고 있다고 전했습니다. 이번 발표는 우호적인 퇴임의 성격을 강조하며 떠나는 이사로부터의 지속적인 지원을 제안합니다.

FTC Solar (Nasdaq: FTCI), un fournisseur leader de systèmes de suivi solaire, de logiciels et de services d'ingénierie, a annoncé la démission d'Isidoro Quiroga Cortes de son conseil d'administration, effective au 11 août 2024. Quiroga Cortes a siégé au conseil pendant plus de quatre ans, contribuant par ses idées à la stratégie d'entreprise, à la gouvernance et à la structure organisationnelle.

Le président Shaker Sadasivam a exprimé sa gratitude pour le service et les contributions de Quiroga Cortes. Quiroga Cortes a déclaré son intention de rester engagé avec FTC Solar en tant qu'actionnaire et se réjouit de voir les progrès de l'entreprise. L'annonce souligne la nature amicale du départ et suggère un soutien continu de la part du membre sortant du conseil.

FTC Solar (Nasdaq: FTCI), ein führender Anbieter von Solar-Tracker-Systemen, Software und Ingenieurdienstleistungen, gab die Rücktritt von Isidoro Quiroga Cortes aus seinem Vorstand bekannt, wirksam ab dem 11. August 2024. Quiroga Cortes war über vier Jahre lang im Vorstand tätig und trug mit Einsichten zu Unternehmensstrategie, Governance und organisatorischer Struktur bei.

Vorsitzender Shaker Sadasivam drückte seine Dankbarkeit für den Service und die Beiträge von Quiroga Cortes aus. Quiroga Cortes erklärte seine Absicht, als Aktionär weiterhin in Kontakt mit FTC Solar zu bleiben, und sieht der Weiterentwicklung des Unternehmens mit Vorfreude entgegen. Die Ankündigung hebt die freundliche Art des Rücktritts hervor und deutet auf eine fortdauernde Unterstützung des ausscheidenden Vorstandsmitglieds hin.

Positive
  • Amicable departure of board member, maintaining positive relationship with the company
  • Outgoing board member expresses intention to remain engaged as a shareholder
Negative
  • Loss of experienced board member with over four years of service
  • Potential gap in expertise areas such as corporate strategy and governance

AUSTIN, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, announced today that Isidoro Quiroga Cortes has resigned from the company’s Board of Directors, effective August 11, 2024, after more than four years of service to the Board.

During his time with FTC Solar, Mr. Quiroga Cortes provided guidance and valuable insights into such areas as corporate strategy, governance, and organizational structure.

“I’d like to sincerely thank Isidoro for his service to the Board and continued support of FTC Solar,” said Shaker Sadasivam, Chairman of the Board, FTC Solar. “He has made many contributions over the years and has been a valuable asset to the company.”

Mr. Quiroga Cortes commented, “It has been a pleasure to serve as a member of the FTC Solar Board while the company has worked tirelessly to serve its customers with innovative solutions. I look forward to remaining actively engaged with the company and watching its progress as a shareholder.”

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.

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. You should not rely on our forward-looking statements as predictions of future events, as actual results may differ materially from those in the forward-looking statements 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 contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

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


FAQ

When did Isidoro Quiroga Cortes resign from FTC Solar's (FTCI) Board of Directors?

Isidoro Quiroga Cortes resigned from FTC Solar's Board of Directors effective August 11, 2024.

How long did Isidoro Quiroga Cortes serve on FTC Solar's (FTCI) Board?

Isidoro Quiroga Cortes served on FTC Solar's Board of Directors for more than four years.

What areas did Isidoro Quiroga Cortes provide guidance on during his tenure at FTC Solar (FTCI)?

During his time at FTC Solar, Isidoro Quiroga Cortes provided guidance and valuable insights into areas such as corporate strategy, governance, and organizational structure.

What is FTC Solar's (FTCI) primary business?

FTC Solar is a leading global provider of solar tracker systems, software, and engineering services.

FTC Solar, Inc.

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