In a recent development at SunPower Corp (NASDAQ:SPWR), a leading company in the semiconductors and related devices industry, Vincent Stoquart has stepped down from the board of directors. This change, effective as of July 17, 2024, was announced in a filing with the U.S. Securities and Exchange Commission today. Stoquart's departure is not due to any disagreements with the company's operations, policies, or practices.
Following Stoquart's resignation, the board appointed Marc-Antoine Pignon as his replacement on July 23, 2024. Pignon, who is taking over Stoquart's role as a designee of Sol Holding, LLC, brings extensive experience in the renewable energy sector. His career with TotalEnergies (EPA:TTEF) began in 2006, covering various roles from economist for upstream operations to Vice President of Development at SunPower. Since 2021, he has been serving as the Managing Director of US Renewables for TotalEnergies.
Pignon's educational background includes a degree in Science and Executive Engineering from Mines ParisTech, which has underpinned his progression through significant positions within the energy industry. His appointment as a Class II director at SunPower is part of the ongoing relationship between the company and Sol Holding, further detailed in previous SEC filings dated February 15, 2024, and June 3, 2024.
SunPower and Pignon are expected to enter into the company’s standard form of indemnification agreement for directors and officers, a document that has been a part of the company's protocol since at least 2016.
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