Solar Integrated Roofing Corp. Appoints Veteran Operations Executive Stefan Abbruzzese as President

Rhea-AI Summary

Solar Integrated Roofing Corp. (OTC:SIRC) has appointed Stefan Abbruzzese as President, effective immediately, enhancing its leadership team. With over 25 years of experience in finance and operations, Abbruzzese aims to drive sustainable growth and national expansion. His previous role as COO at L Catterton involved significant operational integration, positioning him to leverage his expertise in the solar and roofing sectors. This appointment aligns with the company's strategy to enhance operational execution and pursue potential NASDAQ uplisting, contributing to long-term shareholder value.

Positive

• Stefan Abbruzzese brings over 25 years of diverse operational experience.
• His leadership is expected to drive sustainable growth and national expansion for SIRC.
• The appointment supports the company's goal for potential NASDAQ uplisting.

Negative

• Concerns may arise regarding continuity and experience gaps during the leadership transition.

Respected Executive Brings 25+ Years of Commercial, Financial and Operating Experience to the SIRC Family of Companies

HENDERSON, NV / ACCESSWIRE / October 4, 2022 / Solar Integrated Roofing Corp. (OTC:SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, today announced the appointment of veteran operations executive Stefan Abbruzzese as President, effective immediately.

Stefan Abbruzzese is an experienced operations and commercial leader with over 25 years' experience in financial services, software & technology, consumer and other commercial sectors. He is a seasoned professional who has built diverse world-class teams and led global organizations across all stages of the company lifecycle and through several business cycles. Most recently, Mr. Abbruzzese served as Partner and Chief Operating Officer of L Catterton, a leading private equity firm with a focus on consumer brands. At L Catterton, Stefan spearheaded the operational integration of Catterton Partners' merger with select LVMH private equity businesses, with the newly combined firm forming one of the largest global retail and consumer focused private equity businesses.

Previously, Stefan served at GE Capital in a variety of roles and responsibilities, including leading the commercial and business platform for its North American Bank Loan Group, where he managed a multi-billion-dollar portfolio of corporate and commercial loans and a team of multifunctional employees. Mr. Abbruzzese holds a BA cum laude in Physics from the College of the Holy Cross, and a Master of Business Administration and Master of Science in Accounting from Northeastern University, Graduate School of Business.

"Stefan brings the SIRC family of companies a long track record of success, including diverse experience in crafting and executing business strategies, building operational infrastructure, driving profitability and providing capital through cash flow and asset backed lending (ABL) programs," said David Massey, Chief Executive Officer of Solar Integrated Roofing Corp. "In his new role as President, Stefan is uniquely qualified to lend his extensive functional knowledge to drive sustainable growth across our integrated family of companies and continue our rapid pace of national expansion.

"I believe that his 360-degree view will empower critical decisions in marketing, sales, product development, and customer service. I look forward to welcoming Stefan as we continue to welcome highly qualified executives to the team, building the foundation for a potential future NASDAQ uplisting and long-term shareholder value creation," concluded Massey.

Stefan Abbruzzese added: "It is an incredible privilege to join the SIRC family of companies at such an important time and inflection point in the company's growth trajectory. I firmly believe that I can leverage my skillset to bring new processes to our operations, while leveraging my deep commercial financing experience to support the Company as it pursues the capital needed to rapidly scale operations nationally. I now look forward to working with Dave and the entire executive team at SIRC to drive sustained operational execution in the quarters to come."

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter, Facebook or Discord.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

SOURCE: Solar Integrated Roof Corp.

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FAQ

Who is the new President appointed at Solar Integrated Roofing Corp.?

Stefan Abbruzzese has been appointed as the new President of Solar Integrated Roofing Corp.

What experience does Stefan Abbruzzese bring to SIRC?

Stefan Abbruzzese brings over 25 years of experience in operations and financial services, including a significant role at L Catterton.

How might Stefan Abbruzzese's appointment impact SIRC's growth?

His appointment is expected to drive sustainable growth and enhance operational execution, potentially leading to a NASDAQ uplisting.

What was Stefan Abbruzzese's last position before joining SIRC?

Before SIRC, he served as Partner and Chief Operating Officer at L Catterton.