SunPower Corporation is strengthening its leadership team to firm up the base for its planned manufacturing spin-off Maxeon Solar Technologies and has appointed Joanne Solomon as the new company's Chief Financial Officer (CFO). Her appointment comes into effect from January 6, 2020.
Since Maxeon Solar is yet to officially come into existence, Solomon will work closely with SunPower CFO Manavendra Sial throughout the transition to Maxeon Solar splitting off.,
Solomon joins SunPower from construction company Katerra Inc. where she served in a similar role since 2017. Before that she worked for 16 years at semiconductor packaging test services firm Amkor Technology, Inc.
In her new role, Solomon will be responsible for global finance, planning, accounting and information technology organizations for Maxeon Solar which will be headquartered in Singapore and will work with Jeff Waters who will lead Maxeon Solar as its CEO.
"We're pleased to have Joanne join us as we build our Maxeon Solar leadership team," said Waters, currently SunPower Technologies' CEO. "She brings a wealth of practical and leadership experience in key areas as we work to build off of SunPower's success and become the leading global technology innovator, manufacturer and marketer of premium solar panels."
The appointment at the senior level comes as SunPower announced plans to let go off 3% of its global workforce over the next 12 to 18 months as it plans to align its manufacturing activities under the spin-off Maxeon Solar (see SunPower To Cut Down Global Workforce By 3%). "Building a leadership team is next step in SunPower's work to create two independent, industry-leading, publicly-traded companies," stated SunPower while announcing its decision to hire Joanne Solomon.