On May 17, 2023, the Board of Directors of SunPower Corporation appointed Audrey Zibelman as an independent member of the Board. Ms. Zibelman fills the vacancy on the Board due to the previously disclosed retirement of Thomas McDaniel, which became effective May 17, 2023. Ms. Zibelman serves as a Class III director, with a term expiring at the Company's annual meeting of stockholders to be held in 2026.

Ms. Zibelman has been appointed as chair of the Nominating and Corporate Governance Committee and as a member of the Audit Committee of the Board, effective immediately. Ms. Zibelman currently serves as an advisor and non-executive director to multiple companies and organizations leading on climate change, including RMI, Span IO, and Squadron Energy, and is also a member of President Biden's National Infrastructure Advisory Council. Ms. Zibelman served as Vice President of X, Alphabet's moonshot factory, from 2021 to 2022, where she led a team focused on building accurate digital tools necessary for a decarbonized power system, and continues to serve as an advisor to X on climate technology.

From 2017 to 2021, Ms. Zibelman served as Managing Director and CEO of the Australian Energy Market Operator, Australia's national electricity and gas system planner and operator. From 2013 to 2017, Ms. Zibelman chaired the New York Public Service Commission, where she was a member of the Governor's cabinet. She has also previously served as Chief Operating Officer of PJM, the world's wholesale energy market, and Xcel Energy, a multi-state integrated gas and electric utility.

Ms. Zibelman has a Bachelor of Arts from Penn State University and a Juris Doctor from Mitchell Hamline School of Law. On May 16, 2023, June Sauvaget informed the Company that she was voluntarily resigning from her position as the Executive Vice President and Chief Marketing Officer of the Company. Ms. Sauvaget's last day with the Company is expected to be June 2, 2023.