Mosaic Appoints Bruce Ledesma as Chief Operating Officer

           Mosaic Appoints Bruce Ledesma as Chief Operating Officer

Global Financial Services and Solar Veteran continues Mosaic's Recent
Management Expansion to Accelerate Growth of Peer-to-Peer Solar Marketplace

PR Newswire

OAKLAND, Calif., July 24, 2014

OAKLAND, Calif., July 24, 2014 /PRNewswire/ -- Mosaic, the nation's
peer-to-peer solar finance company, today announced that financial services
and solar industry veteran Bruce Ledesma has been named the company's Chief
Operating Officer.

In this role, Bruce will be responsible for scaling operations to service
Mosaic's growing base of investors, borrowers and solar installers. Ledesma
has a proven track record of successfully growing businesses through rapidly
evolving market conditions. He has executive-level experience with both
multi-billion dollar, publicly traded global companies and pre-IPO businesses
addressing two key sectors serviced by Mosaic - financial services and solar.
His position is effective immediately and he will be based in the company's
Oakland, California headquarters.

Ledesma previously worked as the Executive Vice President and General Counsel
of SunPower Corporation during its growth from $250 million to $2.5 billion in
revenue. He also served as Chief Operating Officer of Roble Capital, a private
investment fund, and held executive positions with PowerLight Corporation,
North America's largest commercial solar installer and Barra Inc., a global
provider of portfolio management tools for financials institutions sold to
Morgan Stanley in 2004. Ledesma is a graduate of Stanford University and
Harvard Law School. 

"Bruce has demonstrated outstanding leadership in larger companies within the
financial services and solar industries," said Dan Rosen, Mosaic co-founder
and CEO. "He has extensive knowledge and talent to scale Mosaic's next growth
cycle servicing home solar loans and crowdsourcing capital to finance them.
We're thrilled to have Bruce join Mosaic's executive team."

The hire results from substantial scaling of Mosaic's peer-to-peer lending
model, which provides the most resilient financing options in an environment
of declining federal tax incentives. Mosaic's loan also continues to gain
traction as homeowners become increasingly educated about the benefits of
solar ownership, including up to 15 additional years of clean energy after the
20-year payment period, and a significant increase in home resale value, both
inaccessible through the third party ownership model.

"Mosaic is at the intersection of three exciting high growth sectors:
peer-to-peer lending, renewable energy and social networks," said Ledesma. "As
solar ownership continues to gain market share in the years ahead, I look
forward to supporting the development of the best loan products for
homeowners, as well as driving out the soft costs of the financing process for
our installer partners. I'm excited to join the team and help scale operations
and growth for all stakeholders participating in Mosaic's peer-to-peer
marketplace."

Ledesma is the latest addition to Mosaic's team, joining two other recent
hires from SunRun and SunPower. Lara Perloff joins Mosaic as Controller from
SunRun where she served as a Fund Manager. Ken Hutchins joins Mosaic as
Director of Sales from SunPower, where he ran National Residential Sales
Training, and Verengo, where he managed one of the solar industry's highest
performing sales teams.

About Mosaic

Mosaic is America's first peer-to-peer solar finance company and is enabling
thousands of American people to profit from clean energy. Mosaic has been
honored by Fast Company as a top ten most innovative company in energy for two
consecutive years, by the Department of Energy as a SunShot Grant recipient,
The Sierra Club as the Trailblazer Company of the Year, and Verizon Wireless
as the environmental winner for their Powerful Answers Awards. For more
information, visit: http://www.joinmosaic.com/go-solar. Solar Mosaic, Inc.,
CFL Lic. #6054631.

Media Inquiries:
Katie Ullmann 617-529-8039 / Katie.Ullmann@joinmosaic.com /www.joinmosaic.com

SOURCE Mosaic
 
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