Sunlight Financial Holdings Inc, a solar and home improvement finance company, has named Timothy Parsons as its new Chief Executive Officer in the aftermath of its recent restructuring.
Parsons, currently serving as the Chief Operating Officer, will take the helm, succeeding former CEO Matt Potere, who will transition to a strategic advisory role.
The company, which collaborates with contractors across the United States to offer financing for solar systems and home improvements, completed its Chapter 11 restructuring process last month.
Sunlight Financial was acquired by a consortium of investors, including Greenbacker Capital Management, Sunstone Credit, IGS Ventures, and its secured lender, Cross River Bank.
“As I step into this new role, the rest of the leadership team and I will continue to deepen our relationships with contractors and capital providers, drive innovation and value at every turn, and ensure Sunlight's long-term success,” commented Timothy Parsons on his appointment.
