Sunnova Announces Appointment of Two New Independent Board Members

Rhea-AI Summary

Sunnova Energy International (NYSE: NOVA) has announced the appointment of two new independent directors to its Board, effective September 23, 2024. Corbin J. Robertson, III and Jeremy Thigpen bring extensive experience in global business, energy, and leadership to the company.

Robertson is the Founder and Managing Partner of CIII Capital Management and has held leadership positions in various energy and investment firms. Thigpen is the CEO of Transocean and has a background in the energy services sector, including 18 years at National Oilwell Varco, Inc.

Sunnova's Chairman and CEO, William J. (John) Berger, expressed confidence that the new directors' expertise in navigating complex markets and understanding the evolving energy landscape will complement the existing board and support Sunnova's role in providing reliable, affordable, and sustainable power.

Positive

• Addition of two experienced independent directors to the Board
• New directors bring expertise in global business, energy, and leadership
• Potential for improved strategic guidance and financial stewardship

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today the appointment of Corbin J. Robertson, III, and Jeremy Thigpen as independent directors to its Board of Directors, effective September 23, 2024.

Corbin J. Robertson, III (Photo: Business Wire)

“Corby and Jeremy bring a wealth of global business, energy, and leadership experience to our Board, complementing our existing membership,” said William J. (John) Berger, Chairman and Chief Executive Officer of Sunnova. “Both Corby and Jeremy have successfully led large organizations, provided financial stewardship for capital intensive industries, and navigated through complex and changing markets. As a result, they understand how the energy market is evolving, and the critical role Sunnova’s energy services play in meeting the need for more reliable, affordable, and sustainable power. We are pleased to welcome Corby and Jeremy to Sunnova.”

Corbin J. Robertson, III has extensive experience in energy and private equity. Mr. Robertson has served as Founder and Managing Partner of CIII Capital Management LLC, a private multi-industry investment firm, since August 2000. He has also served as the Chief Executive Officer of the General Partner of Western Pocahontas Properties Limited Partnership, a land company with minerals and timberlands across many states, since May 2008, and has served on the Board of Directors of Western Pocahontas since October 2012.

Mr. Robertson has served as Co-Founder and Co-Managing Partner of LKCM Headwater Investments GP, LLC. since June 2011. Mr. Robertson is an owner of and has served on the Board of Directors for Quintana Minerals Corporation since October 2007. Mr. Robertson also serves or has served on the Board of Directors of the following public companies: Natural Resource Partners L.P., Genesis Energy L.P., and Quintana Maritime Inc. Mr. Robertson serves as a board member of the Texas Parks and Wildlife Foundation and is on the University of Texas Development Board.

Jeremy Thigpen has extensive experience leading publicly traded companies in the energy services sector. He has been Chief Executive Officer of Transocean Ltd. since joining the company in April 2015. Mr. Thigpen has also been a member of the company's Board of Directors since 2015 and previously served as President of Transocean Ltd. from April 2015 until February 2022. Prior to joining Transocean Ltd., he served as Senior Vice President and Chief Financial Officer at National Oilwell Varco, Inc., where he spent 18 years.

During his tenure at NOV, Mr. Thigpen spent five years as the company's President of Downhole and Pumping Solutions business and four years as President of its Downhole Tools group. He also served in various management and business development capacities, including Director of Business Development and Special Assistant to the Chairman. Since 2022, Mr. Thigpen has served as a member of the Board of Trustees at Rice University and served as the International Association of Drilling Contractors’ Chair in 2022.

About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is an industry-leading adaptive energy services company focused on making clean energy more accessible, reliable, and affordable for homeowners and businesses. Through its adaptive energy platform, Sunnova provides a better energy service at a better price to deliver its mission of powering energy independence^TM. For more information, visit http://www.sunnova.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240925174205/en/

Sunnova Media Contact:

Ryan Bechtold

Ryan.Bechtold@sunnova.com



Sunnova Investors & Analysts:

Rodney McMahan

713-997-2444

Rodney.McMahan@sunnova.com

Source: Sunnova Energy International Inc.

FAQ

Who are the new independent directors appointed to Sunnova's (NOVA) Board?

Sunnova (NOVA) has appointed Corbin J. Robertson, III and Jeremy Thigpen as new independent directors to its Board of Directors, effective September 23, 2024.

What experience do the new Sunnova (NOVA) Board members bring?

Corbin J. Robertson, III brings extensive experience in energy and private equity, while Jeremy Thigpen has significant experience leading publicly traded companies in the energy services sector.

When will the new directors join Sunnova's (NOVA) Board?

The new directors, Corbin J. Robertson, III and Jeremy Thigpen, will join Sunnova's (NOVA) Board effective September 23, 2024.

How might these appointments impact Sunnova's (NOVA) business strategy?

The new directors' experience in navigating complex markets and understanding the evolving energy landscape could enhance Sunnova's (NOVA) strategic decision-making and support its role in providing reliable, affordable, and sustainable power.