CFO succession at SunPower announced

With the retirement of SunPower’s current CFO, Manny Hernandez, the company has announced utilities veteran Dennis V. Arriola will become its Senior Vice President and CFO in November. Arriola will work closely with retiring CFO, Manny Hernandez, through January 2009, the company said.

"Dennis brings to SunPower a wealth of experience in the power markets and the natural gas markets both in the U.S. and abroad," said Tom Werner, SunPower's CEO. "SunPower is leading the solar PV sector into the utility-scale business. We believe a CFO who deeply understands both regulated and restructured energy markets will accelerate our growth in that sector."

Arriola was most recently Senior Vice President and CFO at San Diego Gas & Electric and Southern California Gas Co., Sempra Energy's California regulated utilities. He earned a Master's degree in business administration from Harvard University and a Bachelor's degree in economics from Stanford University.

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