FTC Solar Appoints Yann Brandt as New CEO
24 July 2024 - 6:01AM
FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker
systems, software and engineering services, today announced that
its Board of Directors has appointed Yann Brandt, a longtime solar
executive, as the company’s new President and Chief Executive
Officer and a member of the Board, effective August 19, 2024. His
appointment has been made following a robust and competitive search
process carried out by the Board with support from external
resources.
Shaker Sadasivam, Chairman of the Board of FTC
Solar, said, “FTC has built a strong industry brand and foundation
as a company, with a robust catalog of single-axis trackers for
both 1P and 2P configuration with industry leading constructability
and an enhanced cost structure. Following a thorough and highly
competitive process to identify FTC Solar’s next CEO, the Board
finds that Yann is the right leader for FTC at this time, to
execute on this foundation and capture the significant opportunity
we see ahead. He is an exceptional, strategic leader and industry
insider with deep experience and relationships throughout the solar
industry. His focus on performance and delivery, with a firm
understanding of the opportunities and challenges in the solar
market, will serve FTC well as we continue to focus on execution
and a healthy recovery. We are pleased to welcome him to the
leadership team and Board.”
Mr. Brandt is a solar executive with more than
18 years of experience in solar manufacturing, project development,
finance, and energy storage. He joins the company from FlexGen, a
leading battery energy storage services and software company, where
he most recently served as Chief Commercial Officer since November
2022 and previously as Chief Financial Officer since February 2021,
overseeing tremendous growth in revenue and profitability during
his tenure. Prior to FlexGen, Mr. Brandt served as CEO of Quick
Mount PV, a leading manufacturer of solar racking for residential
solar, where he led the company’s reorganization and subsequent
strong growth. Prior to that, he was with Conergy, a leading
downstream solar company, where he served as President of the
Americas, leading all business operations, as well as Global Head
of Marketing and PR overseeing a team in 15 countries. He is a
current Board Member for the Solar Energy Industries Association
(SEIA) and holds a Bachelor of Science degree in mechanical
engineering from Johns Hopkins University.
On his appointment, Mr. Brandt commented, “I am
thrilled to be selected to lead FTC Solar, a top brand in the
tracking market. I have been familiar with FTC Solar since its
inception and continue to be impressed with the reputation it has
developed for innovation and ease of use. It is an exciting time to
join FTC Solar and work with their customers and prospects, many of
which I know well, and provide the best tracker solutions for their
projects, while helping to take FTC’s business to the next level.
Together with this incredible team, I am certain that we will
impress the market with service and execution.”
About FTC Solar Inc.Founded in 2017 by a group
of renewable energy industry veterans, FTC Solar is a global
provider of solar tracker systems, technology, software, and
engineering services. Solar trackers significantly increase energy
production at solar power installations by dynamically optimizing
solar panel orientation to the sun. FTC Solar’s innovative tracker
designs provide compelling performance and reliability, with an
industry-leading installation cost-per-watt advantage.
Forward-Looking StatementsThis
press release contains forward looking statements. These statements
are not historical facts but rather are based on our current
expectations and projections regarding our business, operations and
other factors relating thereto. Words such as “may,” “will,”
“could,” “would,” “should,” “anticipate,” “predict,” “potential,”
“continue,” “expects,” “intends,” “plans,” “projects,” “believes,”
“estimates” and similar expressions are used to identify these
forward-looking statements. These statements are only predictions
and as such are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
You should not rely on our forward-looking statements as
predictions of future events, as actual results may differ
materially from those in the forward-looking statements because of
several factors, including those described in more detail in our
filings with the U.S. Securities and Exchange Commission, including
the section entitled “Risk Factors” contained therein. FTC Solar
undertakes no duty or obligation to update any forward-looking
statements contained in this release as a result of new
information, future events or changes in its expectations, except
as required by law.
FTC Solar Investor Contact:Bill
Michalek Vice President, Investor Relations FTC SolarT:
(737) 241-8618 E: IR@FTCSolar.com
FTC Solar Media Contact:Sarah EvansOn behalf of
FTC SolarE: sarah@zenmedia.com
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