Remove jeff-werner
article thumbnail

SunPower Slashes Executive Salaries and Withdraws 2020 Guidance in Response to Coronavirus

GreenTechMedia

In the meantime, the salaries of CEO Tom Werner and SunPower Technologies CEO Jeff Waters, who will lead Maxeon once the split closes, will drop by 30 percent (they’ll still make a healthy $420,000 per year). Werner said SunPower is acting now to avoid as much disruption as possible to those efforts.

Demand 160
article thumbnail

SunPower Completes Spinoff of Manufacturing Assets to Newly Formed Company Maxeon

GreenTechMedia

That setup will allow each to “execute on its strengths,” said SunPower CEO Tom Werner in a post on the company’s website. Werner pitched long-term profitability for both companies as a motivator of the split when it was announced last year. and Maxeon carrying out large-scale production abroad.

Europe 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

SunPower Begins 2020 on a High, with Profitable Quarter and 2019

GreenTechMedia

“We entered 2019 with the goal of fundamentally transforming our business while improving financial performance,” said CEO Tom Werner on a Wednesday earnings call. But Werner said he expects the company to maintain profitability beyond the current quarter after it tightens up snags in its commercial business.

Logging 130
article thumbnail

SunPower to Spin Off Manufacturing Business in Major Strategic Shift

GreenTechMedia

SunPower itself will remain headquartered in Silicon Valley, and will continue to be led by current CEO Tom Werner. Meanwhile, a new company known as Maxeon Solar will be formed, to be headquartered in Singapore and led by Jeff Waters, currently CEO of SunPower’s Technologies business unit.

article thumbnail

SunPower’s ‘Proactive’ Coronavirus Damage Control Provides Protection in Q1

GreenTechMedia

“We think we’ve made the appropriate adjustments and put ourselves in a strong position because we responded early to the COVID-19 crisis,” CEO Tom Werner told Greentech Media in an interview after the company's Thursday earnings call. “There's a balance of a difficult April, improving May and June.”

Demand 130
article thumbnail

New leaders at Patagonia, McDonald's, Netflix

GreenBiz

Mike Werner , Google's circular economy lead and Veena Singla , senior scientist at the Natural Resources Defense Council (NRDC), joined the board of the Healthy Building Network. The board of directors of the Green Seal product certification nonprofit brought on former U.S. EPA Assistant Administrator Jim Jones and Edward Hubbard Jr.

article thumbnail

Global Briefing: French vegan restaurant becomes first to win coveted Michelin Star

Business Green

This is a serious departure from the past, but without the end to the use of unabated fossil fuels, we will not be able to reach the climate targets," said Dr Werner Hoyer, as he presented the bank's annual results for 2020.