Maxeon Solar searching for new CEO as Waters steps down

• Singapore-based solar cell and panel maker Maxeon Solar Technologies Ltd (NASDAQ: MAXN) is seeking a new ceo (CHIEF EXECUTIVE OFFICER) as Jeff Waters is stepping down from that position.

The business, which dilated from SunPower Corp (NASDAQ: SPWR) two years earlier, stated on Thursday that its board of directors and also Waters have settled on his departure. He will abandon both the CEO placement as well as his board seat on September 15, 2022.

"With the firm placed strongly for the future, the board as well as Jeff mutually concurred that now is the time for a new leader to take the company to its following phase of development," said Donald Colvin, Maxeon's chairman.

Maxeon has actually hired an outdoors company to search for Waters' permanent replacement. Until one is located, primary revenue police officer (CRO) Mark Babcock will certainly work as interim chief executive officer.