SunPower makes several executive changes

SunPower Corp. (NASDAQ: SPWRA; SPWRB) announced several executive changes and a plan to cut costs company-wide.

The company named Howard Wenger as President of Regions and Jack Peurach will assume the title of Executive Vice President of Products effective immediately. The company also announced that Chief Financial Officer Dennis Arriola will be leaving in March 2012, and that Jim Pape, President of Residential and Commercial, will be leaving in late November.

SunPower plans to implement a company-wide restructuring program in the fourth quarter that is expected to reduce operating costs by as much as 10 percent in 2012, while growing the company.

Read more personnel and staffing news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...