Maxeon Says CEO Bill Mulligan To Retire End Of Jan. 2025, George Guo Named New CEO, Joined Board Effective Oct. 11, 2024
Portfolio Pulse from Benzinga Newsdesk
Maxeon Technologies announced that CEO Bill Mulligan will retire at the end of January 2025. George Guo has been appointed as the new CEO and will join the board effective October 11, 2024.
October 16, 2024 | 1:17 pm
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Maxeon Technologies is undergoing a leadership change with CEO Bill Mulligan set to retire in January 2025. George Guo will take over as CEO and join the board in October 2024.
The announcement of a new CEO can have varying impacts on a company's stock price. While leadership changes can bring uncertainty, the planned transition suggests a smooth handover, which may mitigate potential negative impacts. The market will likely wait to see Guo's strategic direction before reacting significantly.
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