SunPower Announces Appointment of Two New Board Members

SunPower Corp. today announced the appointments of Vinayak Hegde and Vincent Stoquart to its Board of Directors. The changes reflect a thoughtful and strategic approach to cement SunPower's position as a leading residential solar company.

"Core to our long-term success in providing energy resilience to millions of American homeowners, we need diverse leaders who are deeply experienced and positioned to help drive the company's growth," said Peter Faricy, CEO, SunPower. "Hegde and Stoquart are highly energetic leaders who are committed to making clean energy consumer-friendly. I'm more confident than ever that we have the right leaders and advisors in place to make solar easy to purchase and easy to use for all homeowners."

Hegde has held a number of leadership positions for some of the world's largest consumer brands, specifically driving customer acquisition for household tech brands including Amazon, Groupon and, most recently, Airbnb. Building on a successful career in marketing and technology, Hegde helped grow the vacation rental business to $4.8 billion in revenue and $39 billion in bookings with over 327 million nights booked. He will provide lead generation expertise and operating insights to SunPower's Board, and support SunPower's efforts to enhance the customer experience. He also sits on the Board of Directors for Gannett.

Stoquart is a seasoned energy executive who joins the SunPower Board with over 23 years of experience at TotalEnergies. Currently, he is senior vice president of the Renewables division of TotalEnergies. Prior to that, he served as senior vice president, Refining and Petrochemicals Americas, and president and chief executive officer of Total Petrochemicals & Refining USA, Inc. He is also the country chair for TotalEnergies in the U.S. As a SunPower Board member, Stoquart will use his deep experience to provide business and industry leadership and counsel.

The new appointments to the Board of Directors come on the heels of other recently added talent to accelerate the company's growth among American consumers across a wide range of age brackets, ethnicities, income levels and geographies. New executive management team appointments include Amazon veteran Ellen Kinney who joins as vice president of Digital Products. In this role, Kinney is focused on making the purchase and financing of solar easy for homeowners with digital innovation, further removing the barriers to solar adoption.