Sunworks Names Gaylon Morris as Chief Executive Officer
11 Janvier 2021 - 2:00PM
Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions
for agriculture, commercial and industrial (ACI), public works and
residential markets, today announced that the company’s Board of
Directors has appointed Gaylon Morris as its new Chief Executive
Officer and a member of the Board of Directors, effective
immediately. Mr. Morris is a transformational leader with a proven
record of driving revenue growth and profitability in the
construction, engineering, and renewable space.
Mr. Morris joins Sunworks after two decades
leading large-scale engineering and construction companies through
transition and growth. Prior to joining Sunworks, Mr. Morris served
as Business Strategist at Rosendin Electric, one of the largest
electrical contractors, where he was responsible for identifying,
researching, and developing go-to-market strategies to target new
market opportunities. Before Rosendin Electric, he was Senior Vice
President of Operations for Strategic Growth and Market Development
at Cupertino Electric, Inc. (CEI), a large, national electrical
contractor. At CEI, Mr. Morris was responsible for developing and
successfully implementing strategies for CEI’s growth divisions,
specifically in Modular Manufacturing, Renewable Energy
(photovoltaics and storage), and Utility Electrical (transmission,
distribution, and substation). Other previous experience includes
senior executive roles at NTS Corporation, Methode Electronics and
MET Laboratories, along with serving in the United States Navy,
where he was a Submarine Service Reactor Plant Operator.
Chuck Cargile, Sunworks’ Chairman of the Board
said, “The Board believes Gaylon is the ideal CEO to lead Sunworks
through its next growth phase. We are impressed by his established
track record of driving profitable growth and his expertise
transforming organizations in the engineering and construction
industries. Additionally, we are optimistic as we enter 2021 -
during the fourth quarter we raised more than $34 million in cash
through our at-the-market equity sales, which extinguished our
shelf registration filed on May 21, 2019. Under Gaylon’s
leadership, we are confident that Sunworks’ current backlog will be
executed efficiently while he also focuses on streamlining
operations and identifying strategic growth opportunities to drive
higher profits, ultimately enhancing shareholder value.”
Mr. Morris added, “The renewable space continues to experience
expansive growth and economic support, specifically in solar power
and storage. Sunworks is well-positioned with its backlog, cash
balance, and rapidly expanding target market as homeowners,
residential developers, commercial businesses, and municipalities
consider solutions to maximize energy savings while leveraging
enhanced renewable incentives. I am excited to join the Sunworks
Executive Team and Board of Directors and believe we will
reposition the company to capitilize on strong industry tailwinds
while driving profitable, long-term growth.”
About Sunworks, Inc.
Sunworks, Inc. (NASDAQ:SUNW) is a premier
provider of high-performance solar power systems. Sunworks is
committed to quality business practices that exceed industry
standards and uphold its ideals of ethics and safety. Sunworks
continues to grow its presence, expanding nationally with regional
and local offices. The Company strives to consistently deliver high
quality, performance-oriented solutions for customers in a wide
range of industries including agricultural, commercial and
industrial, state and federal, public works, and residential.
Sunworks’ diverse, seasoned workforce includes veterans who bring a
sense of pride, discipline, and professionalism to their
interaction with customers. Sunworks is a member of the Solar
Energy Industries Association (SEIA) and is a proud advocate for
the advancement of solar power. For more information, visit
www.sunworksusa.com
Investor Relations Contact:
Rob Fink FNK IR646.809.4048 rob@fnkir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e2f9f4ec-57b0-4d1e-8f38-6c217bbed541
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