– USA, CA – Sunrun Inc. (NASDAQ: RUN), the nation’s leading provider of residential solar, storage, and energy services, today announced the appointment of current Board member Mary Powell as CEO, effective August 31, 2021, succeeding co-founder Lynn Jurich, who is transitioning to Executive Co-Chair of the Board.
Mary Powell is the former President and CEO of Green Mountain Power. Edward Fenster will continue as Executive Co-Chair and maintain his existing responsibilities.
Lynn Jurich said: “I am incredibly proud of the progress we continue to make in advancing our mission to create a planet run by the sun. When Ed and I started the Company in 2007, we invented the ‘solar-as-a-service’ model to make solar energy affordable for homeowners and scalable for the planet. Today, Sunrun is one of the largest global owners of solar energy systems and has expanded its offerings to include battery service and EV charging to enable a customer-led clean energy revolution.”
About Mary Powell
Mary Powell is a proven leader and innovator within the energy sector. She most recently served as the CEO and President of Green Mountain Power Corporation (formerly NYSE: GMP) from 2008 to 2019. Under her leadership, GMP delivered on an ambitious energy vision, transitioning from a traditional grid model to one that uses microgrids, renewable generation, and energy storage to provide energy services to 75% of the residential and commercial customers in the State of Vermont. Mary Powell is nationally recognized for her work disrupting the energy system and has received numerous industry awards, including Fast Company’s “100 most creative people in business” in 2016, Utility Dive’s “Executive of the Year” in 2019, and a top 25 “Most Influential Women of the Mid-Market” by CEO Connection in 2017 and 2018. She is also a seasoned board member with experience guiding companies at the forefront of the industry.
Mary Powell, Director, and Incoming CEO said: “I am beyond excited to be joining this team of talented and passionate Sunrunners, whose incredible work has helped to transform the lives of 600,000 customers by providing them with a renewable, more resilient, and affordable energy experience. With climate-related risks on the rise, an electric grid system well over 100 years old, and a national focus on addressing climate change, Sunrun’s mission to build a planet powered by the sun is more critical than ever. I am looking forward to using my experience leading energy companies to accelerate home electrification, drive innovation for customers and generate long-term sustainable value for all of our employees, customers, and financial partners.”
Mary Powell has served as a member of Sunrun’s Board of Directors since February 2018. From 2008 to 2019, Powell served as the President and CEO of Green Mountain Power Corporation (formerly NYSE: GMP), an electric services company that serves 75% of the State of Vermont’s residential and business customers. As CEO of Green Mountain Power, she successfully executed a strategy to drive increased customer satisfaction and growth, delivered on an ambitious energy vision to provide low-carbon, low-cost, and highly reliable power to Vermonters, and positioned the company as a leading energy transformation business. As CEO, Mary led the acquisition, and merger, of the state’s largest utility CVPS (NYSE: CV), achieving major cost reductions, higher customer satisfaction, and delivering the first-rate decrease to customers in over 25 years. Her previous roles at Green Mountain Power Corporation included serving as SVP and COO from 2001-2008, and as Senior Vice President, Customer and Organizational Development from 1999-2001. Powell is nationally recognized for her work disrupting the energy system and has received numerous industry awards, including being named Utility Dive’s 2019 “Executive of the Year” in recognition for her leadership of Vermont’s investor-owned utility to prioritize and deliver on customer-choice distributed energy solutions. Before joining GMP in 1998, Mary held executive roles within the banking industry and served in state government. An entrepreneur, she has previously founded two businesses. Powell currently serves on the board of directors CGI Inc. (NYSE: GIB), a global IT and business consulting services firm, and recently served on the board of Hawaiian Electric Industries Inc. (NYSE: HE), the largest utility in Hawaii. Powell has also served on the boards of several other privately held companies and nonprofits. Powell also recently chaired the board of Climate Change Crisis Real Impact | Acquisition Corporation (NYSE: CLII), a former special-purpose acquisition corporation that combined with EVgo Services and enabled the fast-charging network for electric vehicles to become a publicly listed company.
About Sunrun
Sunrun is the nation’s leading residential solar, storage and energy services company. With a mission to create a planet run by the sun, Sunrun pioneered a residential solar service. We have nearly 600,000 customers and have sold our solar service in 22 states, DC & Puerto Rico.
For more information: https://www.sunrun.com/
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