PR87325

SINGAPORE, Dec. 18, 2020 /PRNewswire=KYODO JBN/ --

-- Solar Industry Leader Joins to Boost International Growth and Strengthen

Partner and Customer Engagement Globally

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar

innovation, today announced a strategic addition to its executive management

team with Mark Babcock joining the company as Chief Revenue Officer (CRO),

effective immediately.

Photo -

https://mma.prnewswire.com/media/1387653/Mark_Babcock_CRO_Maxeon_Solar_Technologies.jpg

Reporting to CEO Jeff Waters, Babcock will be responsible for all revenue

generating processes, accelerating the company's expansion strategy and

international growth, and delivering the best experience to installation

partners, distributors and customers globally. He will be also responsible for

identifying new revenue opportunities and pioneering new markets for the

company. In his role, Babcock will lead all market-facing/go-to-market functions.

"We are pleased to add an industry veteran of Mark's caliber to our talented

leadership team," said Jeff Waters, CEO at Maxeon Solar Technologies. "Mark

brings extensive experience managing international high-performing teams and

building sales channels to drive sustainable growth. These proven skills and

his deep solar industry knowledge will help Maxeon continue our global

downstream growth trajectory."  

Babcock's management career spans over two decades with 15 years of VP-level

experience. Before joining Maxeon Solar Technologies, he was Managing Partner

at Eurogility, a market entry consultancy firm. Prior to that, Babcock held

senior positions in the distributed generation solar businesses of Flex,

SunEdison and SunPower, with regional and global responsibilities. He also

covered management roles at Carrier Corporation and United Technologies Fire

and Security. Babcock began his career at NationsBank (now Bank of America).

"I am excited to join Maxeon at this pivotal stage of its evolution as an

independent company and to work with such a passionate team to execute our

strategy for growing the existing business in over 100 countries while

expanding into new high-potential markets," commented Babcock. "I look forward

to helping achieve Maxeon's compelling purpose by enabling our customers

globally in Powering Positive Change."

This appointment comes at a time of growth and expansion for Maxeon. In August

the company became an independent public entity, spinning off from SunPower

Corporation and being listed at NASDAQ. Babcock will be joining the growing

Maxeon's team at its Singapore Headquarters.

With Mark Babcock joining the company, Jim Dawe, Vice-President Global Sales

and Marketing of SunPower Corporation, will transition his responsibilities to

Mark during the remainder of the year.

For more on the Maxeon's full leadership team, click here (https://c212.net/c/link/?t=0&l=en&o=3016010-1&h=1944317104&u=https%3A%2F%2Fwww.maxeon.com%2Fcompany%2Fmanagement-team&a=here ).

About Maxeon Solar Technologies

Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change(TM).

Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower(R)

brand solar panels in more than 100 countries, operating the SunPower brand

worldwide except the United States and Canada. The company is the a leader in

solar innovation with access to over 900 patents and two best-in-class solar

panel product lines. With operations in Africa, Asia, Oceania, Europe and

Mexico, Maxeon products span the global rooftop and solar power plant markets

through a network of more than 1,100 trusted partners and distributors. A

pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history

in the solar industry and numerous awards for its technology. For more

information about how Maxeon is Powering Positive Change(TM) visit us at

www.maxeon.com, on LinkedIn (https://c212.net/c/link/?t=0&l=en&o=3016010-1&h=108492943&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmaxeon%2F&a=LinkedIn )

and on Twitter @maxeonsolar (https://c212.net/c/link/?t=0&l=en&o=3016010-1&h=2643491208&u=https%3A%2F%2Ftwitter.com%2FMaxeonSolar&a=%40maxeonsolar ).

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of

the Private Securities Litigation Reform Act of 1995, including, but not

limited to, statements regarding the timing and the company's expectations of

success in its expansion strategy in existing and in new markets. These

forward-looking statements are based on our current assumptions, expectations

and beliefs and involve substantial risks and uncertainties that may cause

results, performance or achievement to materially differ from those expressed

or implied by these forward-looking statements.  A detailed discussion of these

factors and other risks that affect our business is included in filings we make

with the SEC from time to time, including our Form 20-F, which was declared

effective by the SEC on August 4, 2020, particularly under the heading "Item

3.D. Risk Factors." Copies of these filings are available online from the SEC

or on the Financials & Filings section of our Investor Relations website at

www.maxeon.com/financials-filings/sec-filings. All forward-looking statements

in this press release are based on information currently available to us, and

we assume no obligation to update these forward-looking statements in light of

new information or future events.

(C)2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a

registered trademark of Maxeon Solar Technologies, Ltd. Visit

www.maxeon.com/trademarks for more information.

SOURCE: Maxeon Solar Technologies, Ltd.

CONTACT: Investor Contact: The Blueshirt Group, Gary Dvorchak, CFA,

gary@blueshirtgroup.com, Mobile: +1 (323) 240-5796; Media Contact: Anna Porta,

Anna.Porta@Maxeon.com, Mobile: +39 (345) 7706205