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Nextracker Expands Board of Directors

1. Nextracker appoints three experts to strengthen its Board of Directors. 2. New members bring extensive experience in energy policy and corporate governance. 3. Their leadership aims to enhance Nextracker's growth in the evolving energy sector. 4. Nextracker offers leading solar power technology across 40 countries. 5. The appointments are expected to facilitate strategic growth and innovation.

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Why Bullish?

The addition of experienced board members enhances strategic direction, similar to other firms enhancing governance, typically leading to improved investor confidence and performance.

How important is it?

The article details initiatives that directly influence NXT's strategic growth, impacting market perception positively.

Why Long Term?

The strategic growth driven by the newly appointed board may take time to reflect in stock performance, as it aligns NXT with long-term energy policies.

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-Strengthens Board’s Expertise in Energy Policy, Corporate Governance, and Strategic Growth FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a global leader in advanced solar energy solutions, announced it has appointed Monica Karuturi, Mark Menezes, and Jeffrey Guldner to its Board of Directors. “With the energy sector continuing to evolve, Monica Karuturi, Mark Menezes, and Jeffrey Guldner joining our Board brings extensive depth in policy, regulation, corporate governance, and electric utilities,” said Dan Shugar, founder and CEO of Nextracker. “Their leadership across public policy, legal strategy, and energy infrastructure will also be instrumental as we continue to scale our global business and evolve as a next-generation power solutions platform.” Monica Karuturi Karuturi serves as executive vice president and general counsel of CenterPoint Energy, a leading electric and gas utility company, a position she has held since January 2022. Since joining CenterPoint Energy in 2014, she has served in multiple leadership roles for the company spanning corporate strategy, finance, and governance. Prior to joining CenterPoint Energy, Karuturi served as counsel, corporate finance and strategic transactions, at LyondellBasell Industries. Karuturi holds a B.A. from Brown University, an M.P.H. from Columbia University, and a J.D. from Georgetown University Law Center. Mark Menezes Menezes currently serves as president and CEO of the United States Energy Association (USEA), a non-profit organization advancing global energy development and policy founded in 1924. Under his leadership since 2023, USEA continues to promote access to affordable, reliable, clean, and resilient energy both in the U.S. and globally. Additionally, Menezes has been an adjunct professor at Georgetown University Law Center since 2021. He is also the founder of Global Sustainable Energy Advisors LLC, a strategic advisory firm focused on energy policy, security, innovative technologies, and investments. Menezes previously served as Deputy Secretary of the U.S. Department of Energy (2020-2021) and held other senior roles at the U.S. Department of Energy, including Under Secretary. Earlier in his career, he was a partner at Hunton & Williams LLP, where he led the regulated markets and energy infrastructure practice. He holds a B.A. from Louisiana State University and a J.D. from the Louisiana State University Law Center. Jeffrey Guldner Joining Nextracker’s board in June 2024, Guldner served as president, CEO, and chairman of the board of Pinnacle West Capital Corporation and its primary subsidiary, Arizona Public Service Company (APS), from 2019 to 2025. Joining APS in 2004, he held several leadership roles during his tenure at the company. Earlier in his career, he was a partner at Snell & Wilmer LLP, practicing public utility, telecommunications, and energy law. A former U.S. Navy surface warfare officer, Guldner also taught naval history at the University of Washington. He serves on the boards of Edison Electric Institute, the Nuclear Energy Institute, the McCain Institute, and the Smart Electric Power Alliance, among others. Guldner holds a B.A. from the University of Iowa and a J.D. from Arizona State University and is a graduate of executive programs at MIT and Columbia Business School. About Nextracker Nextracker innovates and delivers the global, leading solar power technology platform with integrated tracker, electrical solutions, and yield optimization and control systems for utility-scale and distributed generation projects. Our advanced technology enables solar power plants to follow the sun’s movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, Nextracker offers innovative solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability. For more information, visit Nextracker. More News From Nextracker

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