SunPower Corporation (NASDAQ:SPWR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 10, 2019, Ladislas Paszkiewicz resigned from the Board of Directors (the “Board”) of SunPower Corporation, a Delaware corporation (the “Company”), and on July 12, 2019, the Board appointed Franck Trochet to serve as a member of the Board. Mr. Paszkiewicz had served as a designee of Total Solar International SAS, formerly known as Total Gas & Power USA, SAS (“Total Solar International,” an affiliate of Total S.A. or “Total”), to the Affiliation Agreement, dated as of April 28, 2011, as amended, between Total Solar International and the Company, and Mr. Trochet is replacing Mr. Paszkiewicz as Total Solar International’s designee on the Board.
Mr. Trochet has served as vice president, finance, of Total Petrochemicals and Refining USA, Inc. in Houston since 2017. He has held a similar role for Total’s exploration and production and marketing and services divisions, as well as U.S. affiliates, since 2017. From 2013 to 2017, Mr. Trochet served as vice president, business control, for Total’s refining and chemicals branch in Paris. Mr. Trochet was part of the team that established Total’s refining and chemicals branch in 2010 before being appointed as vice president, corporate affairs, of Total’s polymers business unit in Brussels.
Mr. Trochet joined the finance division of Elf Aquitaine S.A.S. in 1999, prior to its acquisition by Total, and held various positions in the refining and marketing divisions of Total, including U.K. finance manager, until 2010. He started his career at Ernst & Young LLP. Mr. Trochet is a graduate of the Business School of Tours in France. Mr. Trochet also serves on the Board of Directors of the French American Chamber of Commerce in Houston.
Mr. Trochet serves as a Class II director, to serve until the Company’s annual meeting of stockholders to be held in 2022. Mr. Trochet will serve on the Nominating and Corporate Governance Committee of the Board.
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.
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