Sunrun, a residential solar financier and installer, appointed Katherine August-deWilde to the company’s board of directors. August-deWilde is the current vice chair and former president of First Republic Bank. She is also on the board of TriNet and Equilar.
SolarCity promoted Radford Small to executive VP of global capital markets. Radford launched the firm's $200 million MyPower securitization and the recent $160 million term facility with BofA Merrill Lynch, Key Bank and Silicon Valley Bank.
Ratson Morad is now COO at Sunpreme. Most recently Morad was COO and VP R&D at Cogenra Solar, which was acquired by SunPower last year. Morad has also served as COO at DayStar Technologies and VP of engineering and technology at Solyndra.
Robb Jetty is now CCO at Renovus Solar, a residential and commercial solar developer. He was previously executive VP at Onyx Renewable Partners, and before that, executive VP at Gehrlicher Solar America, an M+W Group company.
ViZn Energy Systems, a provider of flow battery-based energystorage systems for C&I, microgrid and utility applications, added Mike Grunow as VP of marketing. Most recently, Grunow served as the VP of marketing and sales for Moventas. Prior to that, Grunow was VP of marketing at Trina Solar.
The Cleantech Open, an accelerator of early-stage clean-technology startups, promoted Ian Foraker to executive director. Foraker was previously at PG&E, where he managed strategic industry engagement for the Customer Energy Solutions organization.
Damoder Reddy, the founder of what was once Solexant and is now Siva Power, has founded Argil, a developer of "smart window technology for automotive, architectural and wearable applications" that uses an electrochromic film technology.
Here's some commentary on the 21st-century resume from GF Parish Group VP David Parish.
From last week's column:
When SunEdison went through difficult layoffs in October 2015, hundreds were let go -- but the folks in the C-suite were mostly left unscathed. As GTM's Stephen Lacey reported, "The cuts have reached all the way to the VP level, but not the executive level. Sources within the company expressed worry and surprise that the cuts didn't impact the architects of the Vivint acquisition."
The other shoe has started to drop.
- According to Julien Dumoulin-Smith at UBS, Steve Tesoriere, "an activist investor [who] played a key role in developing SunEdison’s YieldCo strategy," has resigned from the solar and wind developer's board. Tesoriere's Altai Capital Management owns approximately 2.3 percent of SunEdison, according to a proxy filing. UBS notes, "Tesoriere was also one of four to resign as a board member of SunEdison YieldCo TerraForm Power in November 2015."
- SunEdison COO Francisco “Pancho” Perez Gundin left the company last week.
- According to UBS, Paul Gaynor (former First Wind CEO) has also departed, although this was not disclosed in the 8K filing. "Given Paul's former role as CEO of First Wind, we continue to perceive growing risk to execution on guided targets, particularly on wind backlog," reported UBS.