SunEdison Names Bob Powell President of North American Solar Energy Business

SunEdison, Inc. (NYSE: SUNE) announced today that Robert (Bob) Powell has been named President North America, SunEdison Solar Energy. Powell joined SunEdison in July 2013 as President SunEdison Asia, where he grew business opportunities and developed project financing vehicles to support solar energy growth in Asia.

As President North America, SunEdison Solar Energy, Powell will oversee the North American solar energy project business, including utility and distributed generation. Powell complements the SunEdison team with extensive experience in the financing, development, deployment, and operations of solar energy solutions. Prior to joining SunEdison, he played a key role as Senior VP and CFO growing independent power producer NRG Solar from a development to an operations company managing more than 2 gigawatts of solar projects. Powell also served as President and CEO of Solar Power Partners, an operator of solar power facilities, and has held executive positions with Pacific Gas and Electric Company, PricewaterhouseCoopers LLP, and Arthur Andersen LLP. He holds a B.S. degree in Electrical Engineering and a M.S. degree in Management from the Georgia Institute of Technology.

Powell replaces Tim Derrick who joined SunEdison through the Axio Power acquisition in 2011. Derrick assumed the President North America position in early 2012. He is credited with advancing SunEdison’s North American solar energy business through a period of dynamic change. Derrick will remain a part of the SunEdison senior management team.

SunEdison is a global leader in semiconductor and solar technology. SunEdison’s semiconductor business has been a pioneer in the design and development of silicon wafer technologies for more than 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, SunEdison enables the next generation of high performance semiconductor devices. SunEdison’s solar business develops finances, installs and operates distributed power plants, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. SunEdison’s common stock is listed on the New York Stock Exchange under the symbol “SUNE.”

Source: SunEdison

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