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FTC Solar Appoints Pablo Barahona to Board of Directors

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FTC Solar (Nasdaq: FTCI) has appointed Pablo Barahona to its Board of Directors, effective August 12, 2024. Barahona replaces Isidoro Quiroga Cortes, who resigned after more than four years of service. With over 30 years of international experience, Barahona most recently served as President of Global Retail Markets West for Liberty Mutual, overseeing operations in Latin America and Europe. His expertise in global markets, corporate governance, and government relations is expected to be valuable as FTC Solar expands its served markets and capitalizes on its broadened product offering across 1P and 2P tracker configurations.

Barahona's background includes leadership roles at Liberty Seguros in Brazil and Chile, as well as serving as Chairman of the Board for several Liberty Mutual subsidiaries. He holds a master's degree in economics from Duke University and a Bachelor of Arts from Universidad De Chile.

FTC Solar (Nasdaq: FTCI) ha nominato Pablo Barahona nel suo Consiglio di Amministrazione, con effetto dal 12 agosto 2024. Barahona sostituisce Isidoro Quiroga Cortes, che si è dimesso dopo oltre quattro anni di servizio. Con oltre 30 anni di esperienza internazionale, Barahona ha recentemente ricoperto il ruolo di Presidente dei Mercati Retail Globali Ovest per Liberty Mutual, supervisando le operazioni in America Latina e in Europa. La sua esperienza nei mercati globali, nella governance aziendale e nei rapporti con il governo è attesa come preziosa mentre FTC Solar espande i suoi mercati serviti e capitalizza sull’ampliamento della sua offerta di prodotti nelle configurazioni di tracker 1P e 2P.

Il background di Barahona comprende ruoli di leadership in Liberty Seguros in Brasile e Cile, oltre a essere stato Presidente del Consiglio per diverse sussidiarie di Liberty Mutual. Ha conseguito un master in economia presso la Duke University e una laurea in Scienze Politiche presso l'Universidad De Chile.

FTC Solar (Nasdaq: FTCI) ha nombrado a Pablo Barahona como miembro de su Junta Directiva, a partir del 12 de agosto de 2024. Barahona reemplaza a Isidoro Quiroga Cortes, quien renunció tras más de cuatro años de servicio. Con más de 30 años de experiencia internacional, Barahona ocupó recientemente el cargo de Presidente de Mercados Minoristas Globales Oeste para Liberty Mutual, supervisando las operaciones en América Latina y Europa. Se espera que su experiencia en mercados globales, gobernanza corporativa y relaciones gubernamentales sea valiosa a medida que FTC Solar expanda sus mercados atendidos y capitalice su oferta ampliada de productos en configuraciones de rastreadores 1P y 2P.

El historial de Barahona incluye roles de liderazgo en Liberty Seguros en Brasil y Chile, así como haber sido Presidente de la Junta para varias subsidiarias de Liberty Mutual. Tiene una maestría en economía de la Duke University y una licenciatura en Artes de la Universidad de Chile.

FTC Solar (Nasdaq: FTCI)는 파블로 바라오나(Pablo Barahona)를 이사회에 임명했다고 발표했습니다. 이는 2024년 8월 12일부터 시행됩니다. 바라오나는 4년 이상의 서비스 후 사임한 이시도로 키로가 코르테스(Isidoro Quiroga Cortes)를 대체합니다. 바라오나는 30년 이상의 국제 경험을 가지고 있으며, 최근에는 리버티 뮤추얼(Liberty Mutual)에서 서부 글로벌 소매 시장의 사장을 역임하며 라틴 아메리카와 유럽의 운영을 감독했습니다. 글로벌 시장, 기업 거버넌스 및 정부 관계에 대한 그의 전문성은 FTC Solar가 서비스 시장을 확장하고 1P 및 2P 추적기 구성에서 확장된 제품 제공을 활용하는 데 가치가 있을 것으로 예상됩니다.

바라오나의 배경에는 브라질과 칠레의 리버티 세구로스(Liberty Seguros)에서의 리더십 역할과 여러 리버티 뮤추얼 자회사의 이사회 의장을 맡은 경력이 포함됩니다. 그는 듀크 대학교(Duke University)에서 경제학 석사 학위를 받았으며, 칠레 대학교(Universidad De Chile)에서 문학 학사를 취득했습니다.

FTC Solar (Nasdaq: FTCI) a nommé Pablo Barahona à son Conseil d'Administration, à compter du 12 août 2024. Barahona remplace Isidoro Quiroga Cortes, qui a démissionné après plus de quatre ans de service. Fort de plus de 30 ans d'expérience internationale, Barahona a récemment exercé les fonctions de Président des Marchés de la Vente au Détail Mondiaux Ouest pour Liberty Mutual, supervisant les opérations en Amérique Latine et en Europe. Son expertise en marchés mondiaux, en gouvernance d'entreprise et en relations gouvernementales devrait être précieuse alors que FTC Solar développe ses marchés desservis et tire parti de son offre de produits élargie dans les configurations de traqueurs 1P et 2P.

Le parcours de Barahona comprend des postes de direction chez Liberty Seguros au Brésil et au Chili, ainsi que la présidence de plusieurs filiales de Liberty Mutual. Il est titulaire d'un master en économie de l'université de Duke et d'une licence en arts de l'Universidad De Chile.

FTC Solar (Nasdaq: FTCI) hat Pablo Barahona in seinen Vorstand berufen, der am 12. August 2024 in Kraft tritt. Barahona ersetzt Isidoro Quiroga Cortes, der nach mehr als vier Jahren im Dienst zurückgetreten ist. Mit über 30 Jahren internationaler Erfahrung war Barahona zuletzt Präsident der Global Retail Markets West bei Liberty Mutual und überwachte die Aktivitäten in Lateinamerika und Europa. Seine Expertise in globalen Märkten, Unternehmensführung und Regierungsbeziehungen wird als wertvoll angesehen, während FTC Solar seine bedienten Märkte erweitert und von seinem erweiterten Produktangebot in 1P- und 2P-Tracker-Konfigurationen profitiert.

Barahonas Hintergrund umfasst Führungspositionen bei Liberty Seguros in Brasilien und Chile sowie die Rolle des Vorsitzenden des Vorstands mehrerer Tochtergesellschaften von Liberty Mutual. Er hat einen Master-Abschluss in Wirtschaftswissenschaften von der Duke University und einen Bachelor of Arts von der Universidad De Chile.

Positive
  • Appointment of Pablo Barahona brings extensive international experience to the Board
  • Barahona's expertise in global markets aligns with FTC Solar's expansion strategy
  • New board member's experience in corporate governance and government relations could benefit the company
Negative
  • Departure of long-serving board member Isidoro Quiroga Cortes may impact continuity

AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Pablo Barahona to its Board of Directors, effective August 12, 2024. Mr. Barahona replaces Isidoro Quiroga Cortes, who resigned from the Board effective August 11, 2024, after more than four years of service to the Board.

“We’re pleased to welcome Pablo to the FTC Solar Board of Directors,” said Shaker Sadasivam, Chairman of the Board, FTC Solar. “Pablo’s vast knowledge of different economic sectors across global markets particularly in Latin America and Europe and significant experience in corporate governance and dealing with government agencies will be an important asset to the Board and the company as we continue to expand our served markets and capitalize on the strength of our broadened product offering across 1P and 2P tracker configurations.”

Mr. Barahona brings more than 30 years of international experience to FTC Solar. He most recently served as President of Global Retail Markets West for Liberty Mutual, overseeing operations in Latin America and Europe, including Brazil, Chile, Colombia, Ecuador, Venezuela, Spain, Portugal, and Ireland from January 2016 through June 2024. Prior to that, he served as President and CEO of Liberty Seguros Brazil from 2012 to 2014. Earlier in his career, he served as President and CEO of Liberty Seguros Chile, General Manager of Asesorias e Inversiones Benjamin S.A. and CEO of Compania de Seguros PanAmerican. He served as Chairman of the Board for several Liberty Mutual subsidiaries between 2011 and 2019, including in Spain, Colombia, Ecuador, Brazil, Chile, and Portugal. Mr. Barahona earned a master's degree in economics from Duke University and a Bachelor of Arts degree from Universidad De Chile.

I am honored to join the Board of Directors at FTC Solar, a company at the forefront of clean energy innovation,” said Pablo Barahona. “FTC Solar’s commitment to continuous advancement and its positioning in such a strong long-term growth market is incredibly exciting. I look forward to contributing to the success of the organization as it looks to optimize solar projects for customers around the world.”

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

Who is the new board member appointed to FTC Solar (FTCI)?

Pablo Barahona has been appointed to FTC Solar's Board of Directors, effective August 12, 2024.

What is Pablo Barahona's background prior to joining FTC Solar (FTCI)?

Pablo Barahona has over 30 years of international experience, most recently serving as President of Global Retail Markets West for Liberty Mutual, overseeing operations in Latin America and Europe.

How might Pablo Barahona's appointment benefit FTC Solar (FTCI)?

Barahona's expertise in global markets, corporate governance, and government relations is expected to support FTC Solar's expansion into new markets and capitalize on its broadened product offering across 1P and 2P tracker configurations.

When did Pablo Barahona join FTC Solar's (FTCI) Board of Directors?

Pablo Barahona joined FTC Solar's Board of Directors effective August 12, 2024.

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