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Enphase Energy, a US-based provider of microinverter technology for the solar industry, has announced that its chief financial officer Sanjeev Kumar will be leaving the company later this year. The company revealed that Kumar was keen to “focus more on family” and cited it as the reason for his departure.
In order to facilitate a smooth transition, Kumar will remain in his position during a transition period which is expected to run into the fourth quarter of this year.
Kumar joined the company more than two and a half years ago and has since “played a “significant role in Enphase’s growth into a global, public company”. Paul Nahi, CEO of Enphase Energy, added, “Sanjeev has made important contributions, built an outstanding team and will remain a valued friend of the company.”