Maxeon Announces CEO Leadership Transition
Maxeon Solar Technologies (NASDAQ: MAXN) announced a leadership transition. Bill Mulligan, current CEO, will retire at the end of January 2025. George Guo, formerly an advisor to the Chairman of TCL Group and previous CEO of TCL Communication Technology, has been appointed as the new CEO effective October 11, 2024. Guo, based in Silicon Valley, brings nearly 40 years of experience in technology leadership, high-volume manufacturing, and business growth.
Guo's career includes roles at IBM, Zhaodaola Internet, and TCL Communications. Donald Colvin, Maxeon's Chairman, expressed gratitude to Mulligan for his service and welcomed Guo, highlighting his experience in turnarounds and product innovation commercialization. Guo emphasized the opportunity in the renewable energy transition and Maxeon's advantages, including leading technology, diverse market presence, and strategic partnerships. He aims to improve efficiency, reduce costs, and enhance product value to position Maxeon as a preferred solar solutions partner.
Maxeon Solar Technologies (NASDAQ: MAXN) ha annunciato un cambio di leadership. Bill Mulligan, attuale CEO, andrà in pensione al termine di gennaio 2025. George Guo, ex consulente del Presidente del TCL Group e precedente CEO di TCL Communication Technology, è stato nominato nuovo CEO con effetto dall'11 ottobre 2024. Guo, residente nella Silicon Valley, porta con sé quasi 40 anni di esperienza nella leadership tecnologica, nella produzione ad alto volume e nella crescita aziendale.
La carriera di Guo include ruoli presso IBM, Zhaodaola Internet e TCL Communications. Donald Colvin, Presidente di Maxeon, ha espresso gratitudine a Mulligan per il suo servizio e ha dato il benvenuto a Guo, evidenziando la sua esperienza nel turnaround aziendale e nella commercializzazione dell'innovazione dei prodotti. Guo ha sottolineato l'opportunità nella transizione verso l'energia rinnovabile e i vantaggi di Maxeon, tra cui la tecnologia all'avanguardia, una presenza di mercato diversificata e partnership strategiche. Il suo obiettivo è migliorare l'efficienza, ridurre i costi e aumentare il valore dei prodotti per posizionare Maxeon come partner preferito nelle soluzioni solari.
Maxeon Solar Technologies (NASDAQ: MAXN) anunció una transición en el liderazgo. Bill Mulligan, actual CEO, se retirará a finales de enero de 2025. George Guo, anteriormente consejero del Presidente de TCL Group y ex CEO de TCL Communication Technology, ha sido designado como el nuevo CEO a partir del 11 de octubre de 2024. Guo, con sede en Silicon Valley, aporta casi 40 años de experiencia en liderazgo tecnológico, fabricación de alto volumen y crecimiento empresarial.
La carrera de Guo incluye roles en IBM, Zhaodaola Internet y TCL Communications. Donald Colvin, Presidente de Maxeon, expresó su agradecimiento a Mulligan por su servicio y dio la bienvenida a Guo, destacando su experiencia en reestructuraciones y comercialización de innovación de productos. Guo enfatizó la oportunidad en la transición hacia la energía renovable y las ventajas de Maxeon, que incluyen tecnología de vanguardia, una presencia diversificada en el mercado y alianzas estratégicas. Su objetivo es mejorar la eficiencia, reducir costos y aumentar el valor del producto para posicionar a Maxeon como un socio preferido en soluciones solares.
Maxeon Solar Technologies (NASDAQ: MAXN)이 리더십 전환을 발표했습니다. Bill Mulligan, 현 CEO는 2025년 1월 말에 은퇴할 예정입니다. George Guo는 TCL Group 회장의 고문을 역임하고 이전에 TCL Communication Technology의 CEO였던 인물로, 2024년 10월 11일부터 새로운 CEO로 임명되었습니다. 실리콘밸리를 기반으로 하는 Guo는 기술 리더십, 대량 생산 및 비즈니스 성장에서 거의 40년의 경험을 가지고 있습니다.
Guo의 경력에는 IBM, Zhaodaola Internet 및 TCL Communications에서의 역할이 포함됩니다. Donald Colvin Maxeon의 회장은 Mulligan의 서비스에 감사하며 Guo를 환영하며 그의 재구성 및 제품 혁신 상용화 경험을 강조했습니다. Guo는 재생 가능 에너지 전환에서의 기회와 Maxeon의 장점을 강조했으며, 여기에는 선도적인 기술, 다양한 시장 존재 및 전략적 파트너십이 포함됩니다. 그는 효율성을 개선하고 비용을 줄이며 제품 가치를 증대시켜 Maxeon을 선호하는 태양광 솔루션 파트너로 자리매김할 계획입니다.
Maxeon Solar Technologies (NASDAQ: MAXN) a annoncé une transition dans son leadership. Bill Mulligan, actuel PDG, partira à la retraite à la fin de janvier 2025. George Guo, ancien conseiller du Président de TCL Group et ancien PDG de TCL Communication Technology, a été nommé nouveau PDG à compter du 11 octobre 2024. Guo, basé dans la Silicon Valley, apporte près de 40 ans d'expérience en leadership technologique, en fabrication à fort volume et en croissance commerciale.
La carrière de Guo comprend des rôles chez IBM, Zhaodaola Internet et TCL Communications. Donald Colvin, Président de Maxeon, a exprimé sa gratitude envers Mulligan pour son service et a souhaité la bienvenue à Guo, en soulignant son expérience en matière de redressement et de commercialisation de l'innovation produit. Guo a mis l'accent sur l'opportunité dans la transition énergétique renouvelable et les atouts de Maxeon, qui incluent une technologie de pointe, une présence diversifiée sur le marché et des partenariats stratégiques. Il vise à améliorer l'efficacité, réduire les coûts et accroître la valeur des produits afin de positionner Maxeon comme partenaire privilégié dans les solutions solaires.
Maxeon Solar Technologies (NASDAQ: MAXN) hat einen Führungswechsel angekündigt. Bill Mulligan, der amtierende CEO, wird Ende Januar 2025 in den Ruhestand treten. George Guo, ehemaliger Berater des Vorsitzenden der TCL Group und ehemaliger CEO von TCL Communication Technology, wurde mit Wirkung zum 11. Oktober 2024 als neuer CEO ernannt. Guo, der im Silicon Valley ansässig ist, bringt nahezu 40 Jahre Erfahrung in der technischen Führung, der Hochvolumenproduktion und dem Unternehmenswachstum mit.
Guos Karriere umfasst Positionen bei IBM, Zhaodaola Internet und TCL Communications. Donald Colvin, Vorsitzender von Maxeon, sprach Mulligan seinen Dank für seinen Dienst aus und begrüßte Guo, wobei er dessen Erfahrung in Sanierungsmaßnahmen und der Vermarktung von Produktinnovationen hervorhob. Guo betonte die Chancen in der Transition zu erneuerbaren Energien und die Vorteile von Maxeon, einschließlich führender Technologie, diversifizierter Marktpräsenz und strategischer Partnerschaften. Er strebt an, die Effizienz zu verbessern, die Kosten zu senken und den Produktwert zu steigern, um Maxeon als bevorzugten Partner für Solar Lösungen zu positionieren.
- Appointment of new CEO George Guo with extensive technology and manufacturing experience
- New CEO's background in turnarounds and product innovation commercialization
- Company's diverse market presence across utility-scale, commercial, and residential sectors
- Strong technological advantages including a deep patent portfolio
- Key strategic partnerships in place
- Current CEO Bill Mulligan retiring, potentially causing leadership transition challenges
- Acknowledgment of near-term pressure on revenue and profitability
- Mention of 'current downturn' suggesting challenging market conditions
Bill Mulligan to retire early next year; Former TCL Communication Technology CEO George Guo named new Maxeon CEO
Based in Silicon Valley, Guo brings nearly 40 years of experience and an exceptional track record of technology leadership, scaling-up high-volume manufacturing, and driving growth in multiple technology business segments. Guo's career spans corporate strategy, product positioning, go-to-market, supply chain and operations management and includes leadership roles at IBM's Santa Teresa Lab, Chief Technology Officer and head of R&D for Zhaodaola Internet, and several executive roles at TCL Communications, culminating in six years serving as Chief Executive Officer.
"We are very grateful to Bill Mulligan for his invaluable work as Maxeon CEO, helping to guide the Company through a period of transition and significant challenges," said Donald Colvin, Maxeon's Chairman of the Board. "Bill is a true solar industry pioneer, and we wish him the very best for his next chapter. George Guo is an exceptional technology executive, and we are pleased to welcome him as Maxeon's new Chief Executive Officer. His experience in turnarounds and his proven capabilities in leading teams to commercialize product innovation are extremely relevant to Maxeon's current market position."
"I am excited to join Maxeon at this inflection point for the Company and the industry," said George Guo, Maxeon's incoming CEO. "There is tremendous opportunity to capitalize on the accelerating global transition to renewable energy, even as many companies including Maxeon are challenged to overcome near-term pressure on revenue and profitability. Our advantages include world-leading technology and products that span utility-scale, commercial and residential markets, a deep patent portfolio, and key strategic partnerships. By improving our efficiency, reducing costs, and providing an optimal combination of performance, reliability, and value in our solar products, I intend for Maxeon to be the partner of choice for solar solutions going forward and come through this current downturn in a strong position."
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding the company's expectations of success in its board composition and growth strategy. 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. As a result, readers are cautioned not to place undue reliance on these statements. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission ("SEC") from time to time, including our most recent report on Form 20-F, particularly under the heading "Item 3.D. Risk Factors." and our report on Form 6-K furnished with the SEC on September 3, 2024. Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website at https://corp.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.
©2024 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit https://corp.maxeon.com/trademarks for more information.
View original content to download multimedia:https://www.prnewswire.com/news-releases/maxeon-announces-ceo-leadership-transition-302277625.html
SOURCE Maxeon Solar Technologies, Ltd.
FAQ
Who is the new CEO of Maxeon Solar Technologies (MAXN)?
When will Bill Mulligan retire as CEO of Maxeon Solar Technologies (MAXN)?
What experience does George Guo bring to Maxeon Solar Technologies (MAXN)?
What are the main challenges facing Maxeon Solar Technologies (MAXN) according to the new CEO?
