On March 1, 2018, SunPower Corporation (the “Company”) announced that Vidul Prakash, currently the Company’s Vice President and Corporate Controller, has been appointed as Vice President and Principal Accounting Officer of the Company. Mr. Prakash succeeds Charles D. Boynton, who will continue as the Company’s Executive Vice President and Chief Financial Officer, in this role, and will continue to report to Mr. Boynton.

Mr. Prakash, 50, joined the Company in 2008, and has served as its Vice President and Corporate Controller since October 2016, responsible for accounting, tax, shared services, and operations finance functions. From March 2011 to October 2016, he served as the Company’s Vice President, Global Operations, Finance & Accounting, where he was responsible for financial planning & analysis, cost reduction, working capital improvement, capital investments, treasury, and corporate development initiatives for the upstream division. In that role, he also led the controllership and compliance functions for global operations entities in North America, EMEA, and APAC. Mr. Prakash also previously served as the Company’s Vice President and Controller for the Asia Region, and Director of Internal Audit. Earlier in his career, he held leadership positions in Honeywell’s (formerly AlliedSignal) polymers business and corporate audit program, and financial advisory positions at KPMG and Deloitte. He serves as a board member at Columbia University’s W. Edwards Deming Center for Quality, Productivity & Competitiveness, and is a member of FEI, Silicon Valley Chapter. Mr. Prakash earned his MBA in Finance & Accounting at Columbia University, and his BS in Chemical Engineering from the Indian Institute of Technology.

There are no arrangements or understandings between Mr. Prakash and any other persons to which Mr. Prakash was named to this position with the Company. Mr. Prakash does not have any family relationship with any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Mr. Prakash has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Section 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.

About SunPower Corporation (NASDAQ:SPWR)

SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. It offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase. The Company offers SunPower InvisiMount residential mounting system in its product portfolio. The Company offers Helix system, which is a pre-engineered, modular solution that combines its solar module technology with plug-and-play power stations, cable management systems and mounting hardware that enables customers to scale their solar programs with minimal business disruption. It offers modular solar power block, the Oasis system.