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SunPower Names Peter Faricy CEO

SunPower (SPWR) announced the company will appoint Peter Faricy as chief executive officer, effective April 19, 2021. Faricy most recently served as CEO of Global Direct-to-Consumer for Discovery, Inc. Prior to Discovery, Faricy spent 13 years at Amazon, most recently as vice president leading the Amazon Marketplace.

Tom Werner will continue in his role of chairman of the board, planned to be six months. At the end of the period, the company plans to recombine the positions of chairman of the board and CEO.

The company remains confident in achieving its fiscal first quarter guidance.

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