US based electrical balance of system (EBOS) solutions provider Shoals Technologies Group has announced Dominic Bardos as the company's new chief financial officer (CFO) who is set to join the company with effect from October 3, 2022.
At Shoals, Bardos will support the company's 'continued financial performance and execution of our global growth plans', said CEO Jason Whitaker.
He comes to Shoals from automotive products manufacturer and distributor Holley where he served as the CFO till recently. Before that, he worked in senior positions in finance with various companies as Tractor Supply Company, Cambridge Franchise Holdings, Terminix, among others.
"I look forward to leveraging my three decades of public company experience to contribute to Shoals' well-established business fundamentals while supporting the efforts to accelerate growth as we continue to deliver shareholder value," added Bardos.
In addition, Shoals also announced the appointment of 2 new directors to the company's Board of Directors, namely Jeannette Mills and Robert Julian, increasing the total number on the board from 7 to now 8. The new additions will serve on the board's compensation committee and audit committee, respectively. Simultaneously, Peter Jonna resigned from the board.
Mills is currently the executive vice president and chief external relations officer at Tennessee Valley Authority (TVA), while Julian is the CFO and co-interim CEO of online marketplace for luxury goods The RealReal.
"These highly experienced and seasoned executives possess a proven track record of successful corporate governance and leadership across a range of functions and industries. Their strategic guidance will be invaluable to Shoals as we continue to scale our technology and execute on our global growth plans," added Whitaker.
Shoals recently reported a healthy Q2/2022 with annual growth of 23% in revenues and 63% rise in backlog and awarded orders (see Shoals Technologies' Q2/2022 Revenues Up 23% YoY).
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