Vivint Solar CEO Tanguy Serra Steps Down

  Vivint Solar CEO Tanguy Serra Steps Down

  *Company Appoints Alex Dunn as Interim CEO
  *Serra to Remain in an Advisory Role for the Company

Business Wire

PROVO, Utah -- April 02, 2013

Vivint Solar™, a leading provider of simple, affordable solar solutions,
announced today that Tanguy Serra has stepped down as CEO. He will remain
involved in an advisory capacity. The company also announced that its board
has appointed Alex Dunn as interim CEO. Dunn currently serves as president for
Vivint, Inc. and has been with the company for seven years.

“I have decided that it is time for me to step away from the day-to-day
operations of the business,” said Serra. “I’m grateful to all of our
customers, partners, investors and most of all employees for the support and
commitment they have given to Vivint Solar. I remain committed to the company
and look forward to continuing to serve in my advisory capacity.”

Vivint Solar was first introduced in October 2011. Since that time, the
company has grown to more than 600 employees, expanded into six states with
close to 6,000 customers, and is averaging more than 32 new installations each
day. Vivint Solar is generating 4.5MW/month in just 20 months of operations.
This exceptional growth quickly established the company as second largest
solar installer and one of the fastest-growing residential solar providers in
the U.S.

“Tanguy has helped us build an amazing business, and we are grateful for all
of his hard work and dedication. Vivint Solar is what it is today because of
his leadership,” said Alex Dunn. “We are committed to expanding upon the
foundation that he has built, and believe our solar solution to be a critical
component to helping our customers save money and gain energy independence.”

For additional information on Vivint Solar services and availability, visit
http://www.vivintsolar.com.

About Vivint Solar

Vivint Solar is a leading provider of simple, affordable solar solutions and
one of the fastest-growing residential solar power providers in North America.
As an early adopter of the power purchase agreement (PPA) model, Vivint Solar
designs, installs, and maintains cost-effective solar energy systems, allowing
consumers to enjoy the benefits of solar with little to no up-front costs. The
company is dedicated to providing superior service and support while helping
consumers save money, gain energy independence, and go green. For more
information, visit www.vivintsolar.com.

Contact:

Vivint
Megan Herrick, 801-705-6294
Director of Public Relations
mherrick@vivint.com
 
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