Maxeon Solar Technologies, Ltd., a global leader in solar innovation and channels, announced that Bill Mulligan, Chief Executive Officer, will retire at the end of January 2025. George Guo, formerly an advisor to the Chairman of TCL Group and previous CEO of TCL Communication Technology, has assumed the role of Maxeon CEO and joined its Board of Directors effective October 11, 2024. Mulligan will aid the leadership transition through January.
Based in Silicon Valley, Guo brings nearly 40 years of experience and an exceptional track record of technology leadership, scaling-up high-volume manufacturing, and driving growth in multiple technology business segments. Guo's career spans corporate strategy, product positioning, go-to-market, supply chain and operations management and includes leadership roles at IBM's Santa Teresa Lab, Chief Technology Officer and head of R&D for Zhaodaola Internet, and several executive roles at TCL Communications, culminating in six years serving as Chief Executive Officer.
"We are very grateful to Bill Mulligan for his invaluable work as Maxeon CEO, helping to guide the Company through a period of transition and significant challenges," said Donald Colvin, Maxeon's Chairman of the Board. "Bill is a true solar industry pioneer, and we wish him the very best for his next chapter. George Guo is an exceptional technology executive, and we are pleased to welcome him as Maxeon's new Chief Executive Officer. His experience in turnarounds and his proven capabilities in leading teams to commercialize product innovation are extremely relevant to Maxeon's current market position."
"I am excited to join Maxeon at this inflection point for the Company and the industry," said George Guo, Maxeon's incoming CEO. "There is tremendous opportunity to capitalize on the accelerating global transition to renewable energy, even as many companies including Maxeon are challenged to overcome near-term pressure on revenue and profitability. Our advantages include world-leading technology and products that span utility-scale, commercial and residential markets, a deep patent portfolio, and key strategic partnerships. By improving our efficiency, reducing costs, and providing an optimal combination of performance, reliability, and value in our solar products, I intend for Maxeon to be the partner of choice for solar solutions going forward and come through this current downturn in a strong position."
