Complete Solaria Announces Will Anderson to Remain Interim CEO
27 Noviembre 2023 - 6:30AM
Complete Solaria, Inc. (“Complete Solaria” or the “Company”)
(NASDAQ: CSLR) today announced that Taner Ozcelik will not join the
Company as its new CEO and that Founder Will Anderson will remain
interim CEO.
T.J. Rodgers, Complete Solaria’s Executive
Chairman, announced during the Company’s November 14 earnings call
that Taner Ozcelik had agreed to join the Company on Monday,
November 20 as the new CEO, with founder Will Anderson reporting to
him. Rodgers said, “The purpose of this press release is to inform
investors that, after extended discussions with me over the
Thanksgiving week, Taner has decided not to join CSLR, a personal
decision on his part that I have agreed to respect.”
Rodgers continued, “Taner travelled to our Salt
Lake City plant during Thanksgiving week to get acquainted with the
team. During that trip he concluded that the new job would require
him to travel weekly to Salt Lake – or even live there – for a year
or more, a life-changing event to which he was not willing to
commit.”
Rodgers continued, “After a lot of ‘what ifs’,
he and I agreed that a one-hundred-percent effort was mandated and
that we were better off not to launch, given my personal experience
of needing 30 hours and seven days per week for CSLR’s turnaround,
even with the help of three very skilled senior consultants.”
Rodgers concluded, “We will thus move forward in
the near future with the current organization, which has achieved
rapid and dramatic improvements in CSLR’s finances and cash flow. I
will continue my CEO search.”
About Complete SolariaComplete
Solaria is a solar company with unique technology and end-to-end
customer offering, which includes financing, project fulfilment and
customer service. Complete Solaria’s digital platform together with
premium solar products enable one-stop service for clean energy
needs for customers wishing to make the transition to a more
energy-efficient lifestyle. For more information visit
www.CompleteSolaria.com and follow us on LinkedIn.
Forward Looking
Statements This press release may contain certain
forward-looking statements within the meaning of the federal
securities laws with respect to the referenced transactions. These
forward-looking statements generally are identified by the words
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “might,” “plan,” “possible,” “potential,”
“predict,” “project,” “should,” “would,” and similar expressions,
but the absence of these words does not mean that a statement is
not a forward-looking statement. Forward-looking statements are
forecasts, predictions, projections and other statements about
future events that are based on current expectations, hopes,
beliefs, intentions, strategies and assumptions and, as a result,
are subject to risks and uncertainties. Many factors could cause
actual future events to differ materially from the forward-looking
statements in this press release, including but not limited to: (i)
risks that the sale of certain assets and other business items will
not be completed on the terms set forth in the Asset Purchase
Agreement or the ancillary agreements referenced in the Asset
Purchase Agreement, if at all; (ii) the sale of assets disrupts
current plans and operations of the companies or diverts
managements’ attention from Complete Solaria’s business operations;
(iii) the outcome of any legal proceedings that may be instituted
in connection with the assets sale; (iv) the price of Complete
Solaria’s securities may be volatile due to a variety of factors,
including changes in the applicable competitive or regulatory
landscapes, variations in operating performance across competitors,
changes in laws and regulations affecting Complete Solaria’s
business, and changes in the combined capital structure; (v) the
ability to implement business plans, forecasts, and other
expectations after the completion of the business combination, and
identify and realize additional opportunities; (vi) the evolution
of the markets in which Complete Solaria will compete.
The foregoing list of factors is not exhaustive.
Readers should carefully consider the foregoing factors and the
other risks and uncertainties described in the “Risk Factors”
section of the registration statement on Form S-4 filed, which was
declared effective by the Securities and Exchange Commission (the
“SEC”) on June 30, 2023. Such filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Complete Solaria
assumes no obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
For investor inquiries, please contact:
Complete Solaria, Inc.Sioban HickiePhone: +1 (510) 270-2537
CompleteSolariaIR@icrinc.com
Source: Complete Solaria, Inc.
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