Maxeon Solar Technologies, Ltd. announced that the company's board of directors and Chief Executive Officer (CEO) Jeff Waters have agreed that Waters will step down as CEO effective September 15, 2022, and that Maxeon's Chief Revenue Officer (CRO) Mark Babcock has been appointed interim CEO effective September 15, 2022. CRO Babcock, an industry veteran, will have the support of Waters to ensure a smooth transition through the end of September.