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• Content META

  Title	Sunnova Names Paul Mathews as President and Chief Executive Officer
  ID	7614205
  External ID	7614558890
  Author	Unknown
  Published Date	March 10, 2025, 6:45 a.m.
  Summary	News HOUSTON--(BUSINESS WIRE)--Mar 10, 2025-- Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA), an industry-leading adaptive energy services company, today announced that
  Tags	press-release
  URL	https://www.bastillepost.com/global/article/4641461-sunnova-names-paul-mathews-as-president-and-chief-executive-officer
  Sentiment	Negative: 0.01256    Neutral: 0.51275    Positive: 0.47469
  Relevance	0.01158

• Content Details

  Content ID	4919451
  Key	71de2f88-95be-4956-a5f7-2248fc0fe025
  Content	News HOUSTON--(BUSINESS WIRE)--Mar 10, 2025-- Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA), an industry-leading adaptive energy services company, today announced that Paul Mathews, formerly Chief Operating Officer, has been appointed President and Chief Executive Officer, effective immediately. Mr. Mathews succeeds William J. (John) Berger, who is stepping down as Chairman, President and CEO. Mr. Berger will remain as an advisor for a period of time to assist with the transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250310492535/en/ Mr. Mathews will focus on disciplined growth, stronger cash generation, cost efficiency, and enhancing the customer experience. These priorities align with the Company's recently announced actions, including a $70 million cost reduction initiative, operational simplification to better serve its core high-margin customers, recent closing of a $185 million loan facility arranged by JPMorgan to enhance the Company's liquidity, and developing plans to address Sunnova's upcoming debt maturities. Additionally, Mr. Mathews will explore further opportunities to drive near-term stability and long-term success. “Paul is an experienced operator, a disciplined cost manager, and a proven leader with a deep understanding of the customer experience,” said Sunnova Director Anne Slaughter Andrew. “At a time when the Company is executing a strategic repositioning for positive cash generation, we've asked Paul to be a change agent and deliver on the core needs of the business while creating value for our stakeholders. He brings an operational rigor and strategic mindset necessary to lead the Company for long-term success. We are confident he will succeed.” "I am honored to step into this role and excited by the opportunities ahead of us,” said Mr. Mathews. “I have witnessed firsthand the dedication of our colleagues, loyalty of our dealers and partners, and trust of our customers. While we recognize the near-term challenges we face, I am committed to pursuing stability, driving a hard pivot to profitable growth, and strengthening the Company's foundation for the future. I want to thank John for his vision, for building the Sunnova platform, and for establishing such a strong team. I am deeply grateful for the confidence he and the Board have placed in me to lead Sunnova into our next chapter." Since joining Sunnova in January 2023, Mr. Mathews has driven major improvements in the Company's operations and service capabilities, strengthening the foundation of the business, reducing costs, streamlining efficiencies and enhancing its ability to serve customers. Under his leadership, Sunnova has significantly improved its customer service capabilities, resulting in a 44% reduction in service backlog, a 68% decrease in the average age of closed service work, and a 61% year-over-year reduction in escalated customer complaints. Prior to Sunnova, Mr. Mathews spent nearly two decades serving in a variety of leadership roles of increasing responsibility at UPS, including President of U.S. Industrial Engineering and President of Engineering – Strategy and Planning. In these roles, Mr. Mathews led mid-term and long-term strategic planning for the UPS industrial engineering and global engineering transformation, including planning and executing global engineering and operations strategies to reduce expenses and improve operational efficiencies. Mr. Mathews joins the Sunnova Board of Directors, and C. Park Shaper has been named as Chair of the Board. William J. (John) Berger Succession Mr. Mathews takes over from Sunnova's founder and former President, CEO, and Chairman William J. (John) Berger. Mr. Berger founded the Company more than 12 years ago and built it into one of the leading residential solar and storage companies in the United States. Mr. Berger has been an innovative pioneer in the solar and energy markets. He led the Company from its inception, through a successful initial public offering and to present where Sunnova serves nearly 450,000 customers and manages approximately three gigawatts of power generation. Berger created many “firsts” in the industry, including making service a core element and the industry's first 25-year guarantee; creating Sunnova's Global Command Center; launching its Adaptive Technology Center; and building strategic partnerships with Home Depot and Lennar Home Builders. “John's accomplishments cannot be understated. His personal and professional contributions to the industry, the greater Houston community, and so many who have worked with and for Sunnova are invaluable,” said Mr. Shaper. “He has led with integrity and a determination that few have, and selecting Paul as his successor is yet another demonstration of his selfless leadership.” "Paul is the right leader to guide Sunnova into the future," Berger said. "He has proven himself as a trusted and capable leader, building a strong culture and driving significant improvements in our service and operations. His immediate impact upon joining the Company earned him a promotion to COO last year, and I believe now is the right time to pass the reins to Paul. I have full confidence in his ability to succeed." “It has been an incredible journey, and I want to extend my heartfelt thanks to the Sunnova team and all who have embraced our vision of Powering Energy Independence. This mission is the foundation of Sunnova, and I know it will remain its guiding force," Berger added. "And to our customers and dealers, thank you for putting your trust in us. I will always take pride in what we've built together, and I remain a loyal and satisfied Sunnova customer." About Sunnova Sunnova Energy International Inc. (NYSE: NOVA) is an industry-leading adaptive energy services company focused on making clean energy more accessible, reliable, and affordable for homeowners and businesses. Through its adaptive energy platform, Sunnova provides a better energy service at a better price to deliver its mission of powering energy independence TM. For more information, visit http://www.sunnova.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Sunnova's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding our level of growth, customer value propositions, future financing and ability to raise capital therefrom, and our plans to address upcoming debt maturities. Sunnova's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the substantial doubt about our ability to continue as a going concern and risks regarding our ability to forecast our business due to fluctuations in the solar and home-building markets, availability of capital, supply chain uncertainties, results of operations and financial position, our competition, changes in regulations applicable to our business, and our ability to attract and retain dealers and customers and manage our dealer and strategic partner relationships. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Sunnova's filings with the Securities and Exchange Commission, including Sunnova's annual report on Form 10-K for the year ended December 31, 2024, and subsequent quarterly reports on Form 10-Q. The forward-looking statements in this release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law. Sunnova CEO Paul Mathews (Photo: Business Wire) CAPE TOWN, South Africa (AP) — Athol Fugard, South Africa's foremost dramatist who explored the pervasiveness of apartheid in such searing works as "The Blood Knot" and "'Master Harold'... and the Boys" to show how the racist system distorted the humanity of his country with what he called “a daily tally of injustice,” has died. He was 92. The South African government confirmed Fugard's death and said South Africa “has lost one of its greatest literary and theatrical icons, whose work shaped the cultural and social landscape of our nation.” Six of Fugard's plays landed on Broadway, including “The Blood Knot” and two productions of “'Master Harold'... and the Boys." “The Blood Knot” tells of how the relationship between two Black half-brothers deteriorates because one has lighter skin and can pass for white, which ultimately leads to him treating his darker half-brother as an inferior. “We were cursed with apartheid but blessed with great artists who shone a light on its impact and helped to guide us out of it. We owe a huge debt to this late, wonderful man,” South African Sports, Arts and Culture Minister Gayton McKenzie said of Fugard. Because Fugard's best-known plays center on the suffering caused by the apartheid policies of South Africa's white-minority government, some among Fugard's audience abroad were surprised to find he was white himself. He challenged the apartheid government's segregation laws by collaborating with Black actors and writers, and “The Blood Knot” — where he played the light-skinned brother — was believed to be the first major play in South Africa to feature a multiracial cast. Fugard became a target for the government and his passport was taken away for four years after he directed a Black theater workshop, “The Serpent Players.” Five workshop members were imprisoned on Robben Island, where South Africa kept political prisoners during apartheid, including Nelson Mandela. Fugard and his family endured years of government surveillance; their mail was opened, their phones tapped, and their home subjected to midnight police searches. Fugard told an interviewer that the best theater in Africa would come from South Africa because the “daily tally of injustice and brutality has forced a maturity of thinking and feeling and an awareness of basic values I do not find equaled anywhere in Africa.” He viewed his work as an attempt to sabotage the violence of apartheid. “The best sabotage is love,” he said. “'Master Harold'... and the Boys” is a Tony Award-nominated work set in a South African tea shop in 1950. It centers on the relationship between the son of the white owner and two Black servants who have served as his surrogate parents. One rainy afternoon, the bonds between them are stressed to breaking point when the teenage boy begins to abuse the servants. “In plain words, just get on with your job," the boy tells one servant. "My mother is right. She's always warning me about allowing you to get too familiar. Well, this time you've gone too far. It's going to stop right now. You're only a servant in here, and don't forget it.” Anti-apartheid activist Desmond Tutu was in the audience when the play opened in 1983 — at the height of apartheid. "I thought it was something for which you don't applaud. The first response is weeping," Tutu, who died in 2021, said after the final curtain. “It's saying something we know, that we've said so often about what this country does to human relations.” In a review of one play in 1980, TIME magazine said Fugard's work “indicts the impoverishment of spirit and the warping distortion of moral energy" that engulfed both Blacks and whites in apartheid South Africa. Fugard was born in Middleburg in the semiarid Karoo on June 11, 1932. His father was an English-Irish man whose joy was playing jazz piano. His mother was Afrikaans, descended from South Africa's early Dutch-German settlers, and earned the family's income by running a store. Fugard said his first trip into Johannesburg's Black enclave of Sophiatown — since destroyed and replaced with a white residential area — was "a definitive event of my life. I first went in there as the result of an accident. I suddenly encountered township life." This ignited Fugard's longstanding urge to write. He left the University of Cape Town just before he would have graduated in philosophy because “I had a feeling that if I stayed I might be stuck into academia.” Fugard's theater experience was confined to acting in a school play until 1956, when he married actor Sheila Meiring and began concentrating on stage writing. He and Meiring later divorced. He married second wife Paula Fourie in 2016. He took a job in 1958 as a clerk with a Johannesburg Native Commissioner's Court, where Black people who broke racial laws were sentenced, “one every two minutes.” Fugard said he was broke and needed the job, but it included witnessing the caning of lawbreakers. “It was the darkest period of my life,” he said. He got some satisfaction in putting a small wrench in the works, by "shuffling up the charge sheets," delaying proceedings enough for friends of the Black detainees to get them lawyers. Later in life, Fugard taught acting, directing and playwriting at the University of California, San Diego. In 2006, the film “Tsotsi,” based on his 1961 novel, won international awards, including the Oscar for foreign language film. He won a Tony Award for lifetime achievement in 2011. More recent plays include “The Train Driver" (2010) and “The Bird Watchers” (2011), which both premiered at the Fugard Theatre named after him in Cape Town. As an actor, he appeared in the films “The Killing Fields” and “Gandhi.” In 2014, Fugard returned to the stage as an actor for the first time in 15 years in his own play, “Shadow of the Hummingbird,” at the Long Wharf in New Haven, Connecticut. —— Kennedy reported from New York.
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