Maxeon Solar Technologies Ltd, headquartered in Singapore, has appointed George Guo as its new Chief Executive Officer, effective October 11. Guo brings nearly 40 years of experience in high-volume manufacturing, most recently serving as CEO of TCL Communication Technology.
He succeeds Bill Mulligan, who has led Maxeon through a significant transitional phase and is set to retire at the end of January 2025. Mulligan will assist in the leadership transition until his retirement.
“Bill is a true solar industry pioneer, and we wish him the very best for his next chapter,” stated Donald Colvin, Chairman of the Board. He added, “George Guo is an exceptional technology executive, and we are pleased to welcome him as Maxeon's new Chief Executive Officer. His experience in turnarounds and his proven capabilities in leading teams to commercialize product innovation are extremely relevant to Maxeon's current market position.”
The leadership change comes on the heels of Maxeon's report of a GAAP profit loss for the second quarter, attributed to various external challenges, including policy changes, increased competition in the solar market, order cancellations, and delays in shipments at the U.S. border.
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