Maxeon Solar’s Chief Executive Officer To Leave

Jeff Waters To Bid Adieu To SunPower Spinoff Maxeon; Mark Babcock Made Interim CEO

Maxeon Solar’s Chief Executive Officer To Leave

Maxeon Solar’s CEO Jeff Waters (left) is stepping down, making way for a new CEO to be hired. Company’s CRO Mark Babcock (right) will hold the position as interim CEO for the time being. (Photo Credit: Maxeon Solar Technologies, Ltd)

  • Jeff Waters is leaving Maxeon Solar Technologies where he has been working as CEO since its inception
  • Search for a new CEO has begun after Waters steps down as CEO and member of the board from September 15, 2022
  • Maxeon will be led by the company’s CRO Mark Babcock till a replacement to Waters is found

SunPower Corporation’s manufacturing spinoff Maxeon Solar Technologies has announced a leadership change with its Chief Executive Officer (CEO) Jeff Waters ready to leave the company and replaced by Chief Revenue Officer (CRO) Mark Babcock as interim CEO.

Waters will step down from his position as CEO and member of the board with effect from September 15, 2022 and Babcock joining the same day.

A part of SunPower group since January 2019 where he was leading the company’s manufacturing business along with research and development (R&D) activities as CEO of SunPower Technologies, Waters previously worked with brands as Isola and Altera Corporation, among others (see SunPower Hires CEO For Technologies Business).

Maxeon’s Chairman Donald Colvin thanked Waters for his leadership and said, “With the Company positioned strongly for the future, the Board and Jeff mutually agreed that now is the time for a new leader to take the Company to its next phase of growth.”

The company has now hired a recruiter to look for a new CEO. In the meanwhile, it will be led by Babcock who switched over to Maxeon from a market entry consultancy called Eurogility. His previous roles include senior positions in Flex, SunEdison and SunPower.

In May 2022, Maxeon hired a new COO as Philippe Costemale to succeed Dr Markus Sickmoeller who was to leave in September 2022 (see New COO At Maxeon).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.

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