FOR
IMMEDIATE RELEASE
Press
Contacts:
Helen
Kendrick
SunPower
Corp.
SunPower
Names Power Industry Veteran Thomas R. McDaniel to its
Board
of Directors
SAN JOSE, Calif., Feb. 17, 2009 –
SunPower Corp. (Nasdaq: SPWRA, SPWRB), a Silicon Valley-based
manufacturer of high-efficiency solar cells, solar panels and solar systems,
today announced that it has appointed electric power industry veteran Thomas R.
McDaniel to its board of directors. McDaniel recently retired from
Edison International after 37 years of service.
Most
recently, McDaniel served as Edison International’s executive vice president,
chief financial officer and treasurer. He was responsible for the company’s
financial, risk management, controller, internal audit and IT
functions. Edison International is the parent company of Southern
California Edison, a regulated electric utility, and Edison Mission Energy, an
independent power company which develops, owns and operates renewable energy and
fossil fuel generating projects across the United States.
“Tom’s extensive
experience growing and operating global electric power businesses will
provide invaluable guidance as we expand the utility and power plant segment of
our business,” said Tom Werner, SunPower’s CEO. “We are excited to
add Tom’s financial talent and power industry expertise to the SunPower
Board.”
“SunPower
is at the front line of the new era of clean power generation ranging from solar
rooftop installations to utility-scale solar power plants,” said Tom McDaniel,
SunPower Director. “SunPower’s global positioning, superior
technology and vertically integrated model position our company to excel across
markets and channels. I look forward to working with the SunPower
team to expand its presence in the utility-scale market.”
Prior to
January 1, 2005, McDaniel was chairman, CEO and president, and a director of
Edison Mission Energy, a power generation business specializing in the
development, acquisition, construction, management, and operation of power
production facilities. During this time, the company owned generating
plants in the U.S., Europe, Asia, and Puerto Rico.
McDaniel
also served as CEO and a director of Edison Capital, a provider of capital and
financial services supporting the growth of energy and infrastructure projects,
products and services both domestically and abroad. In addition to
interests in conventional and renewable power generation and transmission
projects in the U.S., Europe, Africa, and Australia, the company invested and
sponsored Latin American, Asian and Eastern European infrastructure
funds.
McDaniel
is actively involved in several philanthropic and charitable
organizations. He serves as a director of the Senior Care Action
Network (SCAN), a Medicare Advantaged HMO which provides healthcare to senior
citizens. McDaniel is also a director of the $200 million SCAN Foundation whose
mission is to support initiatives to improve the cost effectiveness and quality
of healthcare for the elderly. Through the McDaniel Family
Foundation, he works with the Boys and Girls Club of Huntington Beach, the Adult
Day Care Center and the Free Wheelchair Mission. He and his family have
distributed approximately 2,500 wheelchairs to the poor and disabled in Chile,
Cambodia and Vietnam.
About
SunPower Corp.
SunPower
Corp.
(Nasdaq: SPWRA and SPWRB) designs, manufactures and delivers high-performance
solar-electric systems
worldwide for residential, commercial and utility-scale power plant
customers. SunPower high-efficiency solar cells and solar panels generate
up to 50 percent more power than conventional solar technologies and have a
uniquely attractive, all-black appearance. With headquarters in San Jose,
Calif., SunPower has offices in North America, Europe, Australia, and Asia. For
more information, visit www.sunpowercorp.com.
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SunPower
is a registered trademark of SunPower Corp. All other trademarks are
the property of their respective owner.
