On February 26, 2024, the Board of Directors of SunPower Corporation announced the resignation of Peter Faricy, principal executive officer, effective as of February 26, 2024. In connection with resignation from his employment, Mr. Faricy also resigned from his position as a member of the Board. The Board appointed Thomas H. Werner, the Company?s Executive Chairman, to serve as the Company?s principal executive officer.

Nathalie Portes-Laville notified the Company of her intent to resign as a member of the Board, effective immediately. Ms. Portes-Laville has served as a designee of Sol Holding, LLC, a Delaware limited liability company, pursuant to the Amended and Restated Affiliation Agreement dated February 14, 2024, by and between the Company and Sol Holding.