Maxeon Appoints Bill Mulligan As New CEO From January To Support Global Footprint Expansion

Maxeon Solar Technologies, Ltd MAXN named Bill Mulligan as its CEO and member of its board of directors, effective as of January 23, 2023.
Mulligan was Chief Operating Officer at Sila Nanotechnologies, a privately held Silicon Valley company.
Board Chair Donald Colvin said, "Bill joins Maxeon as we expand our global manufacturing footprint, deploy a new 3 GW factory in the U.S., bring our next-generation Maxeon 7 and Performance 7 products to market, and ramp up our Beyond the Panel initiative where we expect that Bill's previous micro-inverter business experience will be relevant."
Mark Babcock has served as interim CEO since September.
Mulligan succeeds former CEO Jeff Waters, who departed in September for reasons undisclosed.
Price Action: MAXN shares closed lower by 7.34% at $16.91 on Tuesday.
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