1. FTC Solar appointed Anthony Carroll to its Board of Directors effective December 15. 2. Carroll brings extensive renewables experience from leadership roles in various companies. 3. The appointment aims to strengthen FTC Solar's position in the global tracker market. 4. The company is recognized for its innovative solar tracker systems and technology. 5. Carroll expressed enthusiasm for FTC's growth and industry positioning.
FAQ
Why Bullish?
The appointment of a seasoned leader likely improves operational oversight and fosters growth. Historical examples show that board diversification with industry veterans can lead to positive stock price movements, as seen in various tech companies post-board changes.
How important is it?
The news impacts potential investor confidence and aligns with industry growth trends, which are crucial for FTCI's operational success. A strong board can also influence strategic partnerships and market perceptions positively.
Why Short Term?
Immediate investor perceptions of improved governance and strategic direction can impact short-term stock valuation. Similar past appointments in growth sectors often lead to positive market reactions within a few months.
FTC Solar Appoints Anthony Carroll to Board of Directors
AUSTIN, Texas, Dec. 15, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, has announced the appointment of Anthony Carroll to its Board of Directors, effective December 15, 2025. This strategic move aims to enhance FTC Solar's position in the growing renewable energy sector.
Leadership Announcement: Anthony Carroll
Shaker Sadasivam, Chairman of the Board at FTC Solar, expressed enthusiasm about Carroll's appointment. “We are excited to welcome Anthony to the Board. His broad experience in renewables and proven track record in fostering growth businesses will make him a valuable asset. We look forward to his contributions as we continue to execute on our priorities and strengthen our foothold in the global tracker market,” Sadasivam stated.
Mr. Carroll currently serves as the CEO of Veev, a subsidiary of Lennar that focuses on efficient and sustainable homebuilding. His extensive background includes serving as the President of Powin, a leader in energy storage solutions, and as Managing Director at Siemens Gamesa Electric, where he led the Power Conversion and Energy Storage division in North America.
Carroll holds an MBA from Rey Juan Carlos University in Madrid and a Licentiate degree from the University of Valencia, underscoring his solid educational foundation in business management and engineering.
Carroll's Vision for FTC Solar
Upon joining the Board, Anthony Carroll stated, “I’m truly excited to become part of the FTC Board of Directors at such a pivotal time for the company and the solar industry. FTC Solar is well-positioned with innovative and differentiated technology and an incredible team. I look forward to supporting their growth and progress in the coming years."
About FTC Solar
Founded in 2017 by a team of renewable energy veterans, FTC Solar is making strides as a leader in solar tracker systems. The company offers advanced technology, software, and engineering services that significantly enhance energy production at solar power installations by optimizing the orientation of solar panels towards the sun.
Key facts about FTC Solar include:
- Leading provider of solar tracker systems.
- Innovative designs that ensure compelling performance and reliability.
- Industry-leading installation cost-per-watt advantages.
Forward-Looking Statements
This announcement contains forward-looking statements regarding FTC Solar's business and operations. These statements are based on current expectations and projections and involve risks and uncertainties that may cause actual results to differ materially. Words such as "may," "will," "could," "anticipate," and similar expressions are used to identify these forward-looking statements.
Interested parties are encouraged to review FTC Solar’s filings with the U.S. Securities and Exchange Commission, particularly the “Risk Factors” section, to understand the potential risks that could affect the company's performance.
Contact Information
For further inquiries, please contact:
Bill Michalek
Vice President, Investor Relations
FTC Solar
Phone: (737) 241-8618
Email: IR@FTCSolar.com