Maxeon (MAXN) Welcomes Kai Strohbecke as New Chief Financial Officer
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Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation, today announced that on March 15, 2021 Kai Strohbecke will be joining the company to serve as the new Chief Financial Officer (CFO), officially assuming the CFO role following Maxeon's filing of its annual report. Strohbecke will be responsible for the global finance, planning, accounting and information technology organizations, and as a senior member of the executive team he will report directly to CEO Jeff Waters. He will succeed Joanne Solomon, who plans to retire following an orderly transition of duties through May 31, 2021.
"We are thrilled to have Kai join our leadership team at Maxeon. His extensive international experience leading finance organizations in large technology manufacturing companies will serve the company and our shareholders well," said Jeff Waters, CEO at Maxeon Solar Technologies. "Kai's business acumen and his experience as a public company CFO make him the right choice to lead our finance and IT organizations, and to continue the momentum that Joanne has created around our strategic growth plans."
On Joanne Solomon's departure, Waters stated: "Joanne was one of the key architects of the process which led to Maxeon's successful spin off from SunPower Corporation. We are very thankful to Joanne for her leadership and for setting Maxeon up for a very successful future."
Strohbecke is a 26-year veteran of the semiconductor industry with work experience in Europe, the U.S. and Asia. Most recently, he has been the Vice President Finance and Global Operations Controller for Micron Technology. Prior to moving to Singapore in 2013, he served for ten years as CFO at Inotera Memories, a memory semiconductor manufacturing company located in Taiwan that he helped list on the Taiwan Stock Exchange in 2006. Before 2003, Strohbecke worked in various management roles with increasing responsibility at Infineon and Siemens Semiconductor Group.
"I am excited to be joining Maxeon at this formative stage and look forward to working together with this team of highly talented people, who are passionate about Powering Positive Change," commented Strohbecke. "The potential for growth and value creation is huge, given the skilled staff, cutting-edge solar technology, and global sales channel."
This appointment comes at a time of growth and expansion for Maxeon. In August the company became an independent public entity listed on NASDAQ, spinning off from SunPower Corporation. In December a new Chief Revenue Officer joined the company. Strohbecke will be joining the growing Maxeon team at its Singapore Headquarters.
For more on the Maxeon's full leadership team, click here.
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