Vivint Solar names David Bywater as CEO

Blackstone to Buy Vivint for $2B and Support Its Expansion in Solar and Beyond

David Bywater was appointed CEO of residential solar provider Vivint Solar, effective immediately.

Bywater has been acting in the role of interim CEO of Vivint Solar since May 2, 2016. Bywater brings more than 20 years of management experience to Vivint Solar.

"We strongly believe David is the best candidate for the CEO position," said Peter Wallace, chairman of the board. "He positions Vivint Solar to execute on its tremendous opportunity to provide clean, affordable energy to consumers."

As interim CEO of Vivint Solar, Bywater made gains in driving efficiencies in the company's installation process, rationalizing its cost basis and re-establishing closer collaboration with Vivint Smart Home. He previously served as the chief operating officer at Vivint Smart Home and was responsible for customer operations, human resources, field service and supply chain management for the largest smart home services provider in North America, now serving more than 1 million customers.

"I look forward to continuing to build upon Vivint Solar's robust business in the emerging residential solar market with the board, the management team, our partners and our talented team," Bywater said. "We will continue to focus on generating strong growth predicated upon sound unit economics, while striving to consistently delight our customers with the best-in-class experience. As we seek to become the most sustainable residential solar company in the industry, Vivint Solar is well positioned to create added value for our shareholders and deliver upon its market potential."

Prior to his role at Vivint Smart Home, Bywater served as an executive vice president and corporate officer for Xerox and was the chief operating officer of its $1.8 billion State Government Services Business. He spent 10 years working at Affiliated Computer Services (ACS), one of the largest BPO and ITO companies in the world. During his tenure with ACS, he was responsible for the management of several business units, which encapsulated more than 60 different companies.

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