Maxeon appoints ex-TCL exec as new CEO

Facebook
Twitter
LinkedIn
Reddit
Email
Guo’s former company, TCL Communication Technology, is a subsidiary of Chinese tech manufacturing giant TCL Group. Image: Maxeon

Singapore-headquartered solar manufacturer Maxeon will appoint George Guo, formerly of TCL Communication Technology, as its new CEO.

Its current CEO, Bill Mulligan, will retire from the role at the end of January 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Guo’s former company, TCL Communication Technology, is a subsidiary of Chinese tech manufacturing giant TCL Group, which also owns Maxeon’s largest shareholder, TCL Zhonghuan Renewable Energy Technology Co. Ltd. The latter invested almost US$200 million into Maxeon earlier this year to support its continuing operations after poor financial results.

Mulligan spoke to PV Tech Premium about the investment in June, where he described it as a “backstop” and said the company was “feeling a lot more optimistic now”.

Since then, Maxeon has had a turbulent time. The Nasdaq stock exchange moved to delist the company last month as a result of low stock prices, which Maxeon appealed against. This followed consecutive loss-making quarters for the company; Q2 2024 saw losses of US$7.8 million and falling module shipments; Q1 saw greater losses of US$14.9 million after the company delayed its financial reporting.

Maxeon has also filed several technology patent lawsuits against other solar manufacturers in the US and Europe. When we spoke with Mulligan in June, he said, “It’s cheating when you copy other people’s technology,” and said he felt its patents had been infringed for both back contact and tunnel oxide passivated contact (TOPCon) solar technology.

Guo, Maxeon’s incoming CEO, said: “I am excited to join Maxeon at this inflection point for the company and the industry.

“There is tremendous opportunity…even as many companies including Maxeon are challenged to overcome near-term pressure on revenue and profitability.

“Our advantages include world-leading technology…a deep patent portfolio, and key strategic partnerships.

By improving our efficiency, reducing costs, and providing an optimal combination of performance, reliability, and value in our solar products, I intend for Maxeon to be the partner of choice for solar solutions going forward and come through this current downturn in a strong position.”

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.
October 7, 2025
Econergy will acquire 100% stake in the 155MW Ratesti solar project in Romania, further expanding its European renewable energy portfolio.
October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 7, 2025
Solar PV will account for almost 80% of the 4.6TW of new renewable power expected to be added by 2030, according to the International Energy Agency (IEA).
October 7, 2025
OpenSolar has secured US$13.1 million in equity financing from technology investors, including Titanium Ventures, Google and others.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK