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SunPower Corp (SPWR.OQ)

SPWR.OQ on NASDAQ Stock Exchange Global Select Market

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21 Sep 2018
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Summary

Name Age Since Current Position

Thomas Werner

58 2017 Chairman of the Board, Chief Executive Officer

Manavendra Sial

41 2018 Chief Financial Officer, Executive Vice President

Kenneth Mahaffey

49 2018 Executive Vice President, General Counsel

William Mulligan

57 2017 Executive Vice President - Global Operations

Douglas Richards

59 2011 Executive Vice President - Administration

Vidul Prakash

50 2018 Principal Accounting Officer, Vice President

Patrick Wood

55 2012 Lead Independent Director

Francois Badoual

53 2017 Director

Helle Kristoffersen

54 2016 Director

Antoine Larenaudie

59 2017 Director

Ladislas Paszkiewicz

55 2016 Director

Julien Pouget

41 2017 Director

Catherine Lesjak

59 2013 Independent Director

Thomas McDaniel

68 2009 Independent Director

Biographies

Name Description

Thomas Werner

Mr. Thomas H. Werner is the Chairman of the Board, Chief Executive Officer and Director of SunPower Corporation. Mr. Werner is the Chairman of the Board, President, Chief Executive Officer of SunPower Corporation. Mr. Thomas H. Werner has served as our President and Chief Executive Officer since May 2010, as a member of our Board since June 2003, and Chairman of the Board since May 2011. From June 2003 to April 2010, Mr. Werner served as our Chief Executive Officer. Before joining SunPower, from 2001 to 2003, he held the position of Chief Executive Officer of Silicon Light Machines, Inc., an optical solutions subsidiary of Cypress Semiconductor Corporation. From 1998 to 2001, Mr. Werner was Vice President and General Manager of the Business Connectivity Group of 3Com Corp., a network solutions company. He has also held a number of executive management positions at Oak Industries, Inc. and General Electric Co. Mr. Werner currently serves as a board member of Cree, Inc., Silver Spring Networks, and the Silicon Valley Leadership Group. Mr. Werner is on the Board of Trustees of Marquette University. Mr. Werner holds a bachelor’s degree in industrial engineering from the University of Wisconsin Madison, a bachelor’s degree in electrical engineering from Marquette University and a master’s degree in business administration from George Washington University.

Manavendra Sial

Mr. Manavendra S. Sial is the Chief Financial Officer, Executive Vice President of SunPower Corporation, effective July 1, 2018. He has served as Chief Financial Officer of VECTRA, a $1 billion technology-driven diversified industry company, which was a portfolio company of certain funds managed by affiliates of Apollo Global Management, LLC, since December 2015. Prior to VECTRA, Mr. Sial was with SunEdison Inc. in various global finance and operations leadership roles from March 2010 to December 2015. Before SunEdison. He spent more than half of his career with General Electric in a variety of roles, from FP&A leader for the Energy Services unit to CFO of Power Delivery for GE’s Transmission and Distribution group. He earned his MBA from Duke University’s Fuqua School of Business and his Bachelors in Commerce from Delhi University in India. Mr. Sial also serves on the board of directors of VACUUMSCHMELZE GmbH & Co. KG, a global manufacturer of advanced magnetic materials and related materials.

Kenneth Mahaffey

Mr. Kenneth J. Mahaffey is an Executive Vice President, General Counsel of SunPower Corporation. Mr. Mahaffey is an Executive Vice President, General Counsel and Corporate Secretary of the company effective November 2016. Mr. Mahaffey previously served as our Vice President, General Counsel, Global Business Units from January 2007 to October 2016. From September 2006 to January 2007, he served as Associate General Counsel of PowerLight Corporation, a solar system integration company that we acquired in January 2007 and subsequently renamed SunPower Corporation, Systems. Before PowerLight, Mr. Mahaffey was in private practice from 1995 to 2006. Mr. Mahaffey has a Bachelor of Arts degree from University of California, San Diego, and a Juris Doctor degree from McGeorge School of Law, University of the Pacific.

William Mulligan

Dr. William P. Mulligan is an Executive Vice President - Global Operations of SunPower Corporation. Beginning in 1998, Mulligan worked at SunPower for more than 12 years as vice president of research and development. He led the development of the company’s low-cost, one-sun silicon PV cell technology. Also under his leadership SunPower developed and commercialized the world’s highest efficiency solar panel. He left SunPower and went to SolarBridge Technologies, serving as CEO and president. He returned to SunPower with the company’s November 2014 acquisition of SolarBridge. He currently serves as the vice president of upstream strategy. His experience also includes serving in various positions at JX Crystals, Inc., developing thermophotovoltaics; National Renewable Energy Laboratory performing doctoral research; AstroPower where he developed low cost solar cells for both terrestrial and space applications; and Fairchild/National Semiconductor working in process engineering and product marketing. Mulligan received dual undergraduate degrees in Chemistry and History from the University of Washington, a M.S.E in Chemical Engineering from the University of Michigan and his Ph.D. in Materials Science from the Colorado School of Mines. He holds 10 patents and has authored more than 30 publications related to solar energy.

Douglas Richards

Mr. Douglas J. Richards is an Executive Vice President - Administration of SunPower Corporation. From April 2010 to October 2011, Mr. Richards served as our Executive Vice President, Human Resources and Corporate Services. From September 2007 to March 2010, Mr. Richards served as our Vice President, Human Resources and Corporate Services. From 2006 to 2007, Mr. Richards was Vice President of Human Resources and Administration for SelectBuild, a construction services company and a wholly-owned subsidiary of BMHC, and from 2000 to 2006, Mr. Richards was Senior Vice President of Human Resources and Administration for BlueArc, a provider of high performance unified network storage systems to enterprise markets. Before BlueArc, Mr. Richards spent 10 years at Compaq Computer Corporation and five years at Apple Computer, Inc in various management positions. Mr. Richards graduated from California State University, Chico, with a Bachelor of Arts degree in public administration.

Vidul Prakash

Mr. Vidul Prakash is the Principal Accounting Officer, Vice President of SunPower Corporation. Mr. Prakash joined the Company in 2008, and has served as its Vice President and Corporate Controller since October 2016, responsible for accounting, tax, shared services, and operations finance functions. From March 2011 to October 2016, he served as the Company’s Vice President, Global Operations, Finance & Accounting, where he was responsible for financial planning & analysis, cost reduction, working capital improvement, capital investments, treasury, and corporate development initiatives for the upstream division. In that role, he also led the controllership and compliance functions for global operations entities in North America, EMEA, and APAC. Mr. Prakash also previously served as the Company’s Vice President and Controller for the Asia Region, and Director of Internal Audit. Earlier in his career, he held leadership positions in Honeywell’s (formerly AlliedSignal) polymers business and corporate audit program, and financial advisory positions at KPMG and Deloitte. He serves as a board member at Columbia University’s W. Edwards Deming Center for Quality, Productivity & Competitiveness, and is a member of FEI, Silicon Valley Chapter. Mr. Prakash earned his MBA in Finance & Accounting at Columbia University, and his BS in Chemical Engineering from the Indian Institute of Technology.

Patrick Wood

Mr. Patrick Wood, III, is the Lead Independent Director of SunPower Corporation. Mr. Wood III has served as a Principal of Wood3 Resources, an energy infrastructure developer, since July 2005. He is active in the development of electric power and natural gas infrastructure assets in North America. From 2001 to 2005 Mr. Wood served as the Chairman of the Federal Energy Regulatory Commission. From 1995 to 2001, he chaired the Public Utility Commission of Texas. Mr. Wood has also been an attorney with Baker & Botts, a global law firm, and an associate project engineer with Arco Indonesia, an oil and gas company, in Jakarta. He currently serves as Chairman of Dynegy, Inc., and is a director of Quanta Services, Inc. and of Memorial Resource Development Corp. He is a strategic advisor to Hunt Transmission Services/ InfraREIT Capital Partners. Mr. Wood is a past director of the American Council on Renewable Energy and is a member of the National Petroleum Council.

Francois Badoual

Mr. Francois Badoual is the Director of SunPower Corporation. Mr. Badoual has served as President and CEO of Total New Energies Ventures, Inc. since August 2017. From 2012 to 2017, he served as Chief Executive Officer of Total Energy Ventures, the corporate venture capital arm for the Total Group. Mr. Badoual also previously served as General Manager and Country Chairman for Total Exploration and Production - Algeria from 2009 to 2012, and as Deputy General Manager for Total Exploration and Production - Angola from 2006 to 2009. Mr. Badoual has held various other positions in the Total Group since in 1990, and he has worked in France, Indonesia, United Arab Emirates, and Venezuela. Mr. Badoual holds a degree in civil engineering from École Nationale des Travaux Publics de l’État and an Advanced Master in Regional and Urban Planning from École Nationale des Ponts et Chaussées.

Helle Kristoffersen

Ms. Helle Kristoffersen is the Director of SunPower Corporation. Ms. Kristoffersen has served as Senior Vice President, Strategy and Corporate Affairs, Gas, Renewables & Power segment for Total S.A. since September 2016. From January 2012 to August 2016, she was Senior Vice President, Strategy & Business Intelligence at the group level of Total S.A. Prior to that, she served as Deputy Vice President of the same department since January 2011. In 1994, she joined Alcatel, where she spent 16 years and served in particular as Vice President Corporate Strategy of Alcatel and subsequently Alcatel-Lucent. She currently serves as a director of Orange and PSA Group (Peugeot). Ms. Kristoffersen served as a director of Valeo from 2007 to 2013. Ms. Kristoffersen is a graduate of the Ecole Normale Supérieure and the Paris Graduate School of Economics, Statistics and Finance (ENSAE). Ms. Kristoffersen also holds a master's degree in econometrics from Université Paris 1. Ms. Kristoffersen brings significant international strategic and business development experience to the Board. Her extensive experience in the energy and technology industries, including her service on the boards of directors of several international, publicly listed companies, gives her a valuable perspective on our role in the global marketplace. It is based on the Board’s identification of these qualifications, skills, and experience that the Board has concluded that Ms. Kristoffersen should serve as a director on our Board.

Antoine Larenaudie

Mr. Antoine Larenaudie is the Director of SunPower Corporation. Mr. Larenaudie has served as Treasurer of the Total Group since September 2017. Before that, he served as Chief Financial Officer of Total’s Gas, Renewables and Power Division and Trading and Shipping Division from 2002 to 2017. Mr. Larenaudie has held various other positions in the Total Group since 1990, and has also worked for Credit Lyonnais Bank in France and London in various positions dealing with international corporations and commodities trading firms. He is a graduate of the École Supérieure de Commerce de Toulouse.

Ladislas Paszkiewicz

Mr. Ladislas Paszkiewicz is the Director of SunPower Corporation. Mr. Paszkiewicz has served as Senior Vice President of Mergers and Acquisitions for Total S.A. since 2015. From 2010 to 2014, he was Senior Vice President, Americas for the Exploration and Production Division of Total S.A. Prior to that, he served as Senior Vice President, Middle East for the same division from 2007 to 2010. Mr. Paszkiewicz has also served as General Manager of the Total group’s subsidiary in Argentina, as head of the Investor Relations Department of Total S.A., and in various other positions in the Total group, which he joined in 1985. Mr. Paszkiewicz holds a master’s degree in business administration from New York University and a master’s degree in finance from the Institut d’Etudes Politiques in Paris, France. Mr. Paszkiewicz brings significant international strategic and business development experience to the Board. His extensive experience in the energy industry gives him a valuable perspective on the development of our strategy going forward. It is based on the Board’s identification of these qualifications, skills, and experience that the Board has concluded that Mr. Paszkiewicz should serve as a director on our Board.

Julien Pouget

Mr. Julien Pouget is the Director of SunPower Corporation. Mr. Pouget has served as Senior Vice President of the Renewables division of Total S.A. since January 1, 2017. From 2014 to 2016, he served as a senior advisor to the President of France, initially responsible for industry, then industry and digital, and finally for the economy. His responsibilities during this time included the restructuring of the French nuclear industry. Prior to his service to the president, Mr. Pouget spent six years in various positions at Alstom Power, including as Vice President of the heat exchangers product line for France, Switzerland, and China, as Vice President and General Manager of Asian activities and as project leader and as head of engineering for the heat exchangers on the Flamanville 3 EPR nuclear plant in France. From 2001 to 2008, Mr. Pouget held various positions in the French Ministry of Industry, and at the state shareholding agency at the French Ministry for Finance and Economy. Mr. Pouget is a chief engineer of the prestigious French Corps de Mines and a graduate of the École Polytechnique. Mr. Pouget brings significant international managerial and operational experience to the Board. His extensive experience in the energy industry and in government gives him a valuable perspective on policy and the global energy marketplace. It is based on the Board’s identification of these qualifications, skills, and experience that the Board has concluded that Mr. Pouget should serve as a director on our Board.

Catherine Lesjak

Ms. Catherine A. Lesjak is an Independent Director of Sunpower Corporation . Ms. Catherine A. Lesjak has served as Executive Vice President and Chief Financial Officer of HP Inc. (formerly Hewlett-Packard Company) (HP) since January 1, 2007. Ms. Lesjak served as interim Chief Executive Officer of HP from August 2010 through October 2010. As a 29-year veteran at HP, Ms. Lesjak held a broad range of financial leadership roles across HP. Before being named as CFO, Ms. Lesjak served as Senior Vice President and Treasurer, responsible for managing HP’s worldwide cash, debt, foreign exchange, capital structure, risk management and benefits plan administration. Earlier in her career at HP, she managed financial operations for Enterprise Marketing and Solutions and the Software Global Business Unit. Before that, she was group controller for HP’s Software Solutions Organization and managed HP’s global channel credit risk as controller and credit manager for the Commercial Customer Organization. Ms. Lesjak has a bachelor’s degree in biology from Stanford University and a master of business degree in finance from the University of California, Berkeley. Ms. Lesjak’s extensive experience as the chief financial officer of a major corporation, with significant presence in both the business-to-consumer and business-to-business markets, allows her to make significant contributions to our strategic business planning and execution. Her background is also valuable in terms of financial oversight and review of our strategic investments. It is based on the Board’s identification of these qualifications, skills and experience that the Board has concluded that Ms. Lesjak should serve as a director on our Board.

Thomas McDaniel

Mr. Thomas R. McDaniel is an Independent Director of SunPower Corporation. Mr. Thomas R. McDaniel was Executive Vice President, Chief Financial Officer and Treasurer of Edison International, a generator and distributor of electric power and investor in infrastructure and energy assets, before retiring in July 2008 after 37 years of service. Before January 2005, Mr. McDaniel was Chairman, Chief Executive Officer and President of Edison Mission Energy, a power generation business specializing in the development, acquisition, construction, management and operation of power production facilities. Mr. McDaniel was also Chief Executive Officer and a director of Edison Capital, a provider of capital and financial services supporting the growth of energy and infrastructure projects, products and services, both domestically and internationally. Mr. McDaniel has served on our Board since February 2009. He is Chairman of the Board of Tendril, a smart-grid, software-as-a-service company. Mr. McDaniel is a director of SemGroup, L.P., a midstream energy services company, and a Director of Aquion Energy, a manufacturer of energy storage systems. He is also on the advisory board of Cypress Envirosystems, which develops and markets energy efficiency products. Mr. McDaniel also serves on the Advisory Board of On Ramp Wireless, a communications company serving electrical, gas and water utilities. Mr. McDaniel formerly served on the board of directors of the Senior Care Action Network (SCAN) from 2000-2013. Through the McDaniel Family Foundation, he is also actively involved in a variety of charitable activities such as the Boys and Girls Club of Huntington Beach, Heifer International and the Free Wheelchair Mission.