SunPower’s Former CEO Werner Returns as Executive Chairman
- Werner left after engineering spinoff of solar manufacturing
- SunPower received needed financing from top backers last week
Tom Werner
Photographer: Moriah Ratner/BloombergThis article is for subscribers only.
Former SunPower Corp. chief executive officer Tom Werner has returned to the company as executive chair, just days after the struggling solar installer received a much-needed financial boost from its biggest shareholders.
Werner spent almost 18 years at the company and took up his new duties Monday, according to a statement. Under Werner, SunPower was known for supplying some of the best solar panels in the industry, but he stepped down in 2021 after engineering the spinoff of its manufacturing operations to focus on rooftop power installations. He was succeeded as CEO by Peter Faricy, who remains in that position.