SunPower (SPWR) Adds Vinayak Hegde And Vincent Stoquart To Board

By Amit Chowdhry ● Jan 26, 2022
  • SunPower Corp. (NASDAQ: SPWR) announced the appointments of Vinayak Hegde and Vincent Stoquart to its Board. These are the details.

SunPower Corp. (NASDAQ: SPWR) announced the appointments of Vinayak Hegde and Vincent Stoquart to its Board of Directors. These changes reflect a thoughtful and strategic approach to cement SunPower’s position as a leading residential solar company.

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 Airbnb. And 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. Going forward, he will provide lead generation expertise and operating insights to SunPower’s Board and support SunPower’s efforts to enhance the customer experience. Plus he also sits on the Board of Directors for Gannett.

Stoquart is known as a seasoned energy executive who joins the SunPower Board with over 23 years of experience at TotalEnergies. And currently, he is senior vice president of the Renewables division of TotalEnergies. Prior to that, he served as SVP of Refining and Petrochemicals Americas and president and CEO 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 more recently added talent to accelerate the company’s growth among American consumers across a wide range of age brackets, ethnicities, income levels, and geographies. And 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.

KEY QUOTE:

“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. 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.”

— Peter Faricy, CEO, SunPower