FTC Solar Announces CEO Transition
September 14 2021 - 4:05PM
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of
solar tracker systems, software and engineering services, today
announced that Tony Etnyre will step down as CEO and member of the
Board of Directors. The Board has appointed Sean Hunkler as his
successor effective Sept. 24, 2021. Etnyre will continue to support
the company on strategic matters and business development through a
transition period reaching into 2022.
T.J. Rodgers, Chairman of the FTC Solar Board of Directors,
said, “This transition comes at a time when Tony’s customer
adoption efforts at FTC Solar are delivering unprecedented growth,
but we are being challenged by a tough operational environment. The
selection of Sean Hunkler to succeed Tony as CEO results from his
extensive experience and demonstrated track record of driving
growth and operational excellence across all aspects of global
operations for industry leading companies. We are confident in
Sean’s ability to take the company to the next level of operational
performance, positioning FTC Solar to better serve customers
worldwide while scaling the company to meet the increased demand
for our products and services. We are thankful to Tony for all that
he has done for FTC Solar since the company’s inception in 2017,
including taking the company public to provide us with a strong
balance sheet to fuel long-term growth.”
Mr. Hunkler joins FTC Solar from Western Digital Corporation
where he serves as Executive Vice President of Global Operations,
overseeing all aspects of global activities including providing
leadership to more than 62,000 people across a network including 18
factories. Prior to joining Western Digital in 2018, Hunkler had
significant semiconductor and solar experience, including serving
as EVP of Global Operations for NXP Semiconductors, and then Chief
Operating Officer of its spin-off company, Nexperia. Prior to those
positions, he held senior leadership roles at SunEdison/MEMC
Electronic Materials, Freescale Semiconductor and Motorola.
“I am honored and excited that the Board has selected me to
succeed Tony as FTC Solar’s President and CEO,” said Hunkler. “It’s
been outstanding to watch all that FTC Solar has accomplished in a
short period of time. The company is providing differentiated
products and services that are clearly resonating in the
marketplace and delivering exceptional value for its customers. I
will work tirelessly to build on FTC Solar’s strong foundation,
further scale the company and help deliver strong results for all
of our key stakeholders.”
Mr. Etnyre, who has been a member of the FTC Team since its
inception and serving as CEO since March of 2019, said “It’s been a
privilege to serve FTC Solar. I am proud of everything the full FTC
team has accomplished so far, and I’m thankful of the support the
board has shown during my tenure. I’ve known Sean for many years
and have worked with him on multiple occasions. As I pass the FTC
Solar CEO baton to him, I know he will be a great fit for the
company and will take FTC Solar to new levels of achievement.”
About FTC Solar Inc.Founded in 2017 by a group
of renewable energy industry veterans, FTC Solar is a fast-growing,
global provider of solar tracker systems, technology, software, and
engineering services. Solar trackers significantly increase energy
production at solar power installations by dynamically optimizing
solar panel orientation to the sun. FTC Solar’s innovative tracker
designs provide compelling performance and reliability, with an
industry-leading installation cost-per-watt advantage.
Forward-Looking StatementsThis press release
contains forward looking statements. These statements are not
historical facts but rather are based on our current expectations
and projections regarding our business, operations and other
factors relating thereto. Words such as “may,” “will,” “could,”
“would,” “should,” “anticipate,” “predict,” “potential,”
“continue,” “expects,” “intends,” “plans,” “projects,” “believes,”
“estimates” and similar expressions are used to identify these
forward-looking statements. These statements are only predictions
and as such are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
You should not rely on our forward-looking statements as
predictions of future events, as actual results may differ
materially from those in the forward-looking statements because of
several factors, including those described in more detail in our
filings with the U.S. Securities and Exchange Commission, including
the section entitled “Risk Factors” contained therein. FTC Solar
undertakes no duty or obligation to update any forward-looking
statements contained in this release as a result of new
information, future events or changes in its expectations, except
as required by law.
FTC Solar Investor Contact:Bill
Michalek Vice President, Investor Relations FTC SolarT:
(737) 241-8618 E: IR@FTCSolar.com
FTC Solar Media Contact:Scott DeitzOn behalf of
FTC SolarT: (336) 908-7759
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