Lynn Jurich steps down as CEO of Sunrun, turns leadership over to former Green Mountain Power exec
Sunrun has announced that Mary Powell, a Sunrun executive and former president and CEO of Green Mountain Power, will become the company’s next CEO, effective August 31, 2021. from the board of directors after building and leading the company for nearly a decade as CEO.
As Executive Co-Chair, Jurich will work closely with Powell and the senior management team to ensure a smooth and successful transition, as well as accelerate innovation for full home electrification and advance Sunrun’s strategic development efforts and key partnerships. Edward Fenster will continue as Executive Co-Chairman and retain his existing responsibilities. Powell’s appointment follows a thorough process conducted by the company’s board of directors, with the assistance of a leading executive search firm that evaluated both internal and external candidates.
“I am extremely excited to be part of this team of talented and passionate Sunrunners, whose incredible work has helped change the lives of 600,000 customers by providing them with a sustainable, more resilient and affordable energy experience. With increasing climate-related risks, a power grid system more than 100 years old, and a national focus on tackling climate change, Sunrun’s mission to build a planet powered by the sun is more important than ever,” said Mary Powell, Director and incoming CEO. “I look forward to using my experience leading energy companies to accelerate residential electrification, drive innovation for customers and generate long-term sustainable value for all of our employees, customers and financial partners .”
Powell is a proven leader and innovator in the energy sector. She most recently served as the CEO and President of Green Mountain Power Corporation from 2008 to 2019. Under her leadership, GMP realized an ambitious energy vision, moving from a traditional grid model to one that uses microgrids, renewable generation and energy storage to provide energy services. to 75% of residential and commercial customers in the state of Vermont. Powell is nationally recognized for her work disrupting the energy system and has received numerous industry awards, including Fast Company’s “100 Most Creative People in Business” in 2016, Utility Dive’s “Executive of the Year” in 2019 and a top 25 “Most Influential Women”. of the Mid-Market” by CEO Connection in 2017 and 2018. She is also an accomplished board member with experience guiding companies at the forefront of the industry. Powell joined Sunrun’s board of directors in 2018, where she served as a played a key role in developing Sunrun’s strategic plan and overseeing the company’s growth to become the leading provider of residential solar energy and storage.
“I am incredibly proud of the progress we continue to make in advancing our mission to create a planet run by the sun. When Ed and I started the company in 2007, we came up with the ‘solar-as-a-service’ model to make solar energy affordable for homeowners and scalable for the planet. Today, Sunrun is one of the largest global owners of solar power systems and has expanded its offerings to include battery service and electric vehicle charging to enable a customer-led clean energy revolution,” said Lynn Jurich . “Given our strong foundation and the positive financial and operational momentum underway, I believe now is the time to make this transition and welcome Mary as Sunrun’s next CEO.”
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