Maxeon assigns new board chairman

• Solar module distributor Maxeon Solar Technologies has actually selected Donald Colvin as its brand-new chairman of the board of directors, doing well Kevin Kennedy.

Colvin currently works as an independent director on Maxeon's board, is chairman of its audit committee as well as participant of its coordination committee as well as payment committee. Colvin has held a number of management roles for international companies, including chief financial officer for ON Semiconductor.

Maxeon's CEO Jeff Waters claimed Colvin's career in international modern technology sectors and solid independent director experience will make him "optimal to lead" the company's board.

"I think Maxeon has a fantastic products and innovation and gifted management team that uniquely places it. As the solar market evolves, I believe Maxeon remains in a setting to handle these modifications in thoughtful and cutting-edge ways which will benefit all Maxeon's stakeholders for years ahead," said Colvin.

Kennedy stepped down as chairman of the board reliable upon Colvin's consultation but proceeds in several other placements, to name a few as chairman of the compensation committee.

Last month, Maxeon's chief executive officer claimed the firm's improvement was "virtually in place" after it resolved its logistical failings, got solid demand for its items and landed a supply contract with United States household installer SunPower.