SunPower Names Eric Branderiz as Vice President and Corporate Controller

Jun 01, 2010, 08:00 ET from SunPower Corp.

SAN JOSE, Calif., June 1 /PRNewswire-FirstCall/ -- SunPower Corp. (Nasdaq: SPWRA, SPWRB), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that Eric Branderiz has joined SunPower as its vice president and corporate controller, reporting to the CFO.  In this key role, Branderiz will oversee all accounting and financial reporting for the company.

"Eric brings a wealth of financial expertise from both small and large companies, which will serve us well as we continue to build our finance organization," said Dennis Arriola, SunPower CFO.  "His Big Four experience, and significant background as a corporate controller, will enable SunPower to continue to strengthen its accounting processes and controls.  We welcome Eric to the SunPower team."

Branderiz brings more than 17 years of financial expertise to SunPower, including financial accounting management, strategic business planning, and cash and working capital management.  Prior to joining the company, he held the position of vice president, corporate controller and head of subsidy operations for Knowledge Learning Corporation, where he drove all financial accounting and reporting processes.  Previously, Branderiz served in several capacities at Spansion, Inc., most recently as corporate vice president, corporate finance, corporate controller, tax & treasury, and was instrumental in driving the company through its initial public offering.  During his tenure, he was responsible for the company's financial accounting, financial reporting, cost accounting, internal controls and global shared accounting and analysis.  Earlier in his career, Branderiz held positions at Advanced Micro Devices (AMD) and Ernst & Young LLP.  He is a certified public accountant (CPA) and earned a Business Commerce Degree from the University of Alberta in Canada.

About SunPower Corp.

Founded in 1985, SunPower Corp. (Nasdaq: SPWRA, SPWRB) designs, manufactures and delivers the planet's most powerful solar technology broadly available today. Residential, business, government and utility customers rely on the company's experience and proven results to maximize return on investment. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as "will," "continue," and "enable" to identify forward-looking statements in this press release, including forward-looking statements regarding building the company's finance organization and strengthening its accounting processes and controls. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as:  (i) potential difficulties associated with integrating SunRay's business and operations; (ii) success of management's efforts to remediate material weaknesses disclosed in its Quarterly Report on Form 10-Q for the quarter ended April 4, 2010; and (iii) other risks described in the company's Annual Report on Form 10-K for the year ended January 3, 2010 and other filings with the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

SunPower is a registered trademark of SunPower Corp.  All other trademarks are the property of their respective owners.

SOURCE SunPower Corp.



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