SINGAPORE, Sept. 20,
2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.
(NASDAQ:MAXN), a global leader in solar innovation and channels,
today announced the appointment of David H.
Li to its Board of Directors, effective September 15, 2023.
"It's a privilege to welcome David to Maxeon's Board. His
valuable experience serving as a board director, his successful
tenure as CEO of CMC Materials Inc., one of the world's largest
semiconductor materials companies, and his three decades of
experience managing teams around the world, will be beneficial as
Maxeon moves forward with its ambitious growth plans. I look
forward to working closely with David to continue to ensure the
company delivers a positive impact for our stakeholders, including
our customers, our employees, our shareholders, and the planet,"
said Bill Mulligan, Chief Executive
Officer of Maxeon Solar Technologies.
David Li has over 25 years of
experience in the semiconductor industry. From 2015 to 2022 he was
Chief Executive Officer, President, and a Board Member of CMC
Materials, a leading global supplier of specialty materials focused
on the semiconductor and energy industries with over $1 billion USD in revenues. During his tenure, he
drove record financial performance and shareholder return. The
company was ultimately acquired by Entegris for approximately
$6 billion USD in 2021. Previously,
Mr. Li served as Vice President Asia Pacific Region, and also held
various leadership positions at CMC Materials. Mr. Li also sits on
the Board of Coorstek, a company which specializes in the
manufacture of high-performance ceramics for advanced applications.
David Li is a fluent Mandarin
Chinese speaker.
Don Colvin, chairman of Maxeon's
Board, said, "We are delighted to welcome David to Maxeon at this
important time for the company. He is an accomplished and
experienced executive whose proven track record as CEO of a
Nasdaq-listed company and in the semi-conductor industry will
complement the Board's existing set of experience and skills. His
addition will be a great asset to Maxeon as the company continues
to execute on its global growth strategy focused on enhancing value
for all its shareholders."
"Maxeon is in a unique position to accelerate innovation in
solar photovoltaic technology," said Mr. Li. "It's a privilege to
contribute leadership and business guidance to a company whose
purpose of Powering Positive Change aligns so much with my own
outlook. I look forward to supporting Maxeon's ongoing growth and
success as a global solar leader."
For more on the Maxeon's Board of directors, click here.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive
Change™. Headquartered in Singapore, Maxeon designs and
manufactures Maxeon® and SunPower® brand solar panels, and has
sales operations in more than 100 countries, operating under the
SunPower brand in certain countries outside the United
States. The Company is a leader in solar innovation with access to
over 1,000 patents and two best-in-class solar panel product lines.
Maxeon products span the global rooftop and solar power plant
markets through a network of more than 1,700 trusted partners and
distributors. A pioneer in sustainable solar manufacturing, Maxeon
leverages a 35-plus-year history in the solar industry and numerous
awards for its technology. For more information about how Maxeon is
Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn
and on Twitter @maxeonsolar.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including, but not limited to, statements regarding the
timing and the company's expectations of success in its expansion
strategy in existing and in new markets. These forward-looking
statements can be identified by terminology such as "will,"
"delivers," "enhance," and similar statements. These
forward-looking statements are based on our current assumptions,
expectations and beliefs and involve substantial risks and
uncertainties that may cause results, performance or achievement to
materially differ from those expressed or implied by these
forward-looking statements. A detailed discussion of these factors
and other risks that affect our business is included in filings we
make with the SEC from time to time, including our Form 20-F,
particularly under the heading "Item 3.D. Risk Factors." Copies of
these filings are available online from the SEC or on the
Financials & Filings section of our Investor Relations website
at www.maxeon.com/financials-filings/sec-filings. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
© 2023 Maxeon Solar Technologies, Ltd. All Rights Reserved.
MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd.
Visit https://corp.maxeon.com/trademarks for more
information.
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SOURCE Maxeon Solar Technologies, Ltd.