Two SunEdison c-suite Departures Announced

November 23, 2015

Troubled U.S. solar company SunEdison Inc said on Monday chief executives of its two yield cos had stepped down and the company's chief financial officer will assume additional roles of chief executive at the units.

Chief Financial Officer Brian Wuebbels will assume additional roles of Chief Executive at the yield cos, TerraForm Power Inc and TerraForm Global Inc, SunEdison said.

SunEdison also said the CFO of its yield cos had stepped down and will be succeeded by Rebecca Cranna.

Cranna was most recently senior vice president and chief financial officer at Global Asset Management for SunEdison.

The company also said board members Perez Gundin, Mark Florian, Mark Lerdal and Steven Tesoriere resigned from TerraForm's board.

SunEdison's recent decision to move away from its yield co structure has drawn attention to the solar bellwether's missteps and ability to fund further deals and projects.


Reporting by Sneha Banerjee

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