Sunworks Names Chris Monahan as Chief Legal Officer

Rhea-AI Summary

Sunworks, Inc. (NASDAQ:SUNW) has appointed Chris Monahan as its new Chief Legal Officer, bringing extensive legal and engineering expertise to the company. Monahan previously served as General Counsel at Thermal Engineering International and held senior legal roles at Parsons Corp. and AECOM. His appointment is expected to enhance Sunworks' risk management, streamline contracting processes, and support potential mergers and acquisitions. CEO Gaylon Morris and Chairperson Judith Hall expressed confidence in Monahan's ability to advance strategic initiatives and improve operational efficiency.

Positive

• Appointment of Chris Monahan as Chief Legal Officer enhances legal expertise.
• Monahan's background in law and engineering adds value to strategic initiatives.
• Expected improvement in risk management and contracting processes.
• Potential to drive M&A efforts, supporting company growth.

Negative

• None.

Brings Significant Construction and Engineering Law and Risk Management Expertise to Sunworks Executive Team

PROVO, UT / ACCESSWIRE / February 10, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that Chris Monahan has been named Chief Legal Officer of Sunworks. Mr. Monahan is a seasoned legal counselor, with deep knowledge and expertise in multiple areas of the law, as well as practical experience in engineering, business, and construction/project management.

Mr. Monahan joins Sunworks from Thermal Engineering International (USA) Inc. (TEi), a leading supplier and installer of heat transfer technology to the electric power generation industry, where he served as General Counsel. Previously, he served as Deputy General Counsel at Parsons Corp., a publicly traded provider of technology, engineering, construction, cybersecurity, and technology products and services, where he oversaw the company's domestic and international contracts, the prosecution and protection of the company's intellectual property portfolio and managed a team of more than 50 lawyers and contracts managers. Prior to that, he was Chief Legal Counsel, Asia-Pacific, at AECOM/URS, a publicly listed global engineering and construction company, where he was responsible for managing the company's contracts and legal affairs in the Asia Pacific region, including a 33-person legal team. Prior to going in-house, Mr. Monahan was a partner at the law firm of Morgan Miller & Blair. He also worked as a civil engineer and in the construction management field before becoming an attorney.

Mr. Monahan has a B.S. degree in Accounting and Business Administration (Pepperdine University), a B.S. degree in Mechanical Engineering (California State University, Long Beach), a Master of Science degree (UCLA), a Juris Doctorate degree (Loyola Law School), and an LLM in Business Law (University of Sydney). Mr. Monahan is also a licensed professional civil engineer (California), a licensed attorney (California), and a licensed US patent attorney.

Gaylon Morris, Chief Executive Officer of Sunworks, commented, "As Sunworks continues to grow, Chris is the ideal attorney to help guide our risk management efforts, add efficiencies to our contracting processes internally, and importantly, enhance our ability to evaluate, develop and advance strategic initiatives. Over the past year, Sunworks has made significant progress in implementing processes to streamline our bidding, pricing, procurement and construction efforts. Chris has the experience and skills to enhance these processes, as well as to more effectively drive new potential M&A initiatives, enabling us to scale more efficiently and profitably."

"Sunworks is well-positioned to grow, with a solid footprint in key residential markets and expertise in commercial, and public works projects, and I am excited to help the company grow," added Mr. Monahan.

"The addition of a proven corporate and construction attorney like Chris will enhance our capabilities, improve our risk management processes and bolster our M&A due diligence and negotiations, significantly strengthening Sunworks' executive team," added Judith Hall, Chairperson of the Sunworks Board of Directors. "As Sunworks continues to expand its scale and geographic presence, these added processes and oversight will become increasingly important, and Chris is the ideal person to build our legal team and drive these critical initiatives."

About Sunworks, Inc.

Sunworks, Inc. (NASDAQ:SUNW) is a premier provider of high-performance solar power systems. Sunworks is committed to quality business practices that exceed industry standards and uphold its ideals of ethics and safety. Sunworks continues to grow its presence, expanding nationally with regional and local offices. The company strives to consistently deliver high quality, performance-oriented solutions for customers in a wide range of industries including residential, commercial, industrial, agricultural, federal, and public works. Sunworks' diverse, seasoned workforce includes distinguished veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers. All Sunworks' employees uphold its guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power. For more information, visit www.sunworksusa.com and http://www.solcius.com

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "will," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements include all statements other than statements of historical fact contained in this press release. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based largely on the expectations of the company and are subject to a number of risks and uncertainties. These risks include the risks described in "Risk Factors" in Part I, Item 1A of Sunworks, Inc.'s Annual Report on Form 10-K and in the other reports and documents Sunworks files with the Securities and Exchange Commission from time to time.

Any forward-looking statement made by Sunworks in this press release is based only on information currently available to Sunworks and reflects only as of the date on which it is made. Sunworks undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact:

Rob Fink
FNK IR
646.809.4048
rob@fnkir.com

SOURCE: Sunworks, Inc.

View source version on accesswire.com:
https://www.accesswire.com/688177/Sunworks-Names-Chris-Monahan-as-Chief-Legal-Officer

FAQ

Who is the new Chief Legal Officer of Sunworks?

Chris Monahan has been named the new Chief Legal Officer of Sunworks.

What experience does Chris Monahan bring to Sunworks?

Chris Monahan brings extensive legal experience from Thermal Engineering International and Parsons Corp., along with engineering expertise.

How will Chris Monahan's appointment affect Sunworks?

His appointment is expected to enhance risk management, streamline contracting, and support M&A initiatives.

What is the stock symbol for Sunworks?

The stock symbol for Sunworks is SUNW.