Sunworks, Inc. Announces Resignation of Steven Chan as Chief Executive Officer
October 13, 2020 at 03:34 pm IST
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On October 7, 2020, Steven Chan notified Sunworks, Inc. that he will resign from his position as interim Chief Executive Officer of the Company, effective October 22, 2020. Charles Cargile, in his capacity as Chairman of the Board of Directors of the Company, will assume the duties of the Company’s principal executive officer on an interim basis, effective October 22, 2020.
Sunworks, Inc. provides photovoltaic (PV) and battery-based power and storage systems for residential and commercial markets. The Company's commercial projects include commercial, agricultural, industrial, and public works projects. It operates through three segments: Residential Solar, Commercial Solar Energy, and Corporate. Residential Solar segment designs, arrange finances, integrates, installs, and manages systems, primarily for residential homeowners. The Commercial Solar Energy segment designs, arrange finances, integrates, installs, and manages systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and public works projects. Its commercial installations include installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its public works installations include school districts, federal facilities and local municipalities.