Effective November 1, Abound Solar will have a new CEO and chairman of the board. Tom Tiller, current president and CEO, will be taking over as chairman leaving Craig Witsoe to step in as president and CEO of Abound. Witsoe joins Abound after serving three years as president and CEO of Lineage Power, which is now GE Power Electronics.
Before working with Lineage Power, Witsoe was CEO of The Tyden Group and previously spent almost 15 years with GE in various roles, including CEO for Asia-Pacific of GE Lighting and president of GE specialty film and sheet for GE Plastics.
“We are thrilled to have a proven CEO like Craig join the Abound team,” said Tiller. “We have had some unexpected issues in our family, so I need to transition to a role with less day-to-day involvement, but I will continue to be actively involved in the strategic direction of Abound. Craig brings a strong history as a business leader, understands what a company needs to be successful and has the energy and commitment to take Abound to the next level. I have complete confidence in Craig and the rest of the Abound team to continue the rapid progress we have demonstrated over the past several years. Moreover, we recently completed a new private funding round of US$50 million with current investors, so the timing for this change could not be better.”
Witsoe graduated from the University of Illinois with his BS degree, completed his MS degree at Northwestern University’s McCormick School of Engineering and received his MBA from Northwestern University’s Kellogg Graduate School of Management.