Nextracker Shuffles Company Board Post Flex Split

• Nextracker has rejigged the company board after formally separating from its parent company Flex
• Its current President Howard Wenger has been announced as one of the new appointments to the board
• Julie Blunden, already on the board of 4 companies, is the other addition to Nextracker's board

Solar tracker manufacturer Nextracker has officially split from its parent company Flex after the latter completed the spin-off of all of its remaining interest in the US-based company. Nextracker has also announced changes to its board of directors.

Nextracker's current President Howard Wenger has been appointed to the board as a director. He has been with Nextracker since February 2022 after having worked in leadership positions at Solaria Corporation, PowerLight Corporation and was also the president and CEO of SunPower Corporation (see Management Change At SunPower).

Julie Blunden is another addition to Nextracker's board. An industry veteran in the energy sector with 35 years of experience, Blunden is already on the board of 4 organizations, namely American Battery Technology Company, ZincFive, Plus Power, and New Energy Nexus.

Nextracker Founder and CEO, Dan Shugar welcomed the 2 new appointees saying, "Julie Blunden and Howard Wenger bring deep energy sector expertise, strong global commercial and operations backgrounds, and valuable executive management experience further strengthening our Board at Nextracker."

Nextracker's board will now comprise 9 directors as all Flex employee members on its board step down with the separation.

"We are appreciative of our time with Flex, and are excited about our future as an independent company and the growth prospects in the solar power industry," added Shugar.

Flex owned a 51.47% stake in Nextracker till recently. The latter expects to report revenues of over $2.3 billion to end its current fiscal year as an independent company (see US Tracker Supplier's Strong Financials In Q2/2024).