SPI Solar Appoints Charlotte Xi President And Global Chief Operating Officer

SPI Solar Appoints Charlotte Xi President And Global Chief Operating Officer

SAN FRANCISCO--(BUSINESS WIRE)-- SPI Solar ("SPI") (SOPW:OTCBB), a vertically integrated photovoltaic ("PV") solar developer, today announced the appointment of Charlotte Xi as president and global chief operating officer, in addition to her current role as interim chief financial officer. Following her decision to step in quickly as interim chief financial officer, the board has now finalized the scope of Xi's executive responsibilities. During this transition, the company is in the process of conducting a search for a new chief financial officer.

"I am pleased with the opportunity to leverage my operational experience along with my financial expertise to help build out SPI's global presence," said Charlotte Xi, president and global chief operating officer and interim chief financial officer.

Xi, who is also a member of SPI's board of directors, is an experienced finance and operations executive, who most recently served as senior vice president of global operations for Canadian Solar, Inc. She holds a bachelor's degree from Shanghai Teachers University and MA and MBA degrees from Midwestern State University in Texas. Xi is also a member of the AICPA and has been a Texas-licensed CPA since 1996.

About SPI Solar (SOPW:OTCBB):

SPI Solar ("SPI") (Solar Power, Inc.) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. For additional information visit: www.spisolar.com.

Safe Harbor Statement:

This release may contain certain "forward-looking statements" relating to the business of SPI Solar, its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "believes", "expects" or similar expressions. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this cautionary statement and the risks and other factors detailed in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.

[Editor's note:See news release issued September 6, 2013, entitled, "SPI Solar Appoints Charlotte Xi Interim Chief Financial Officer"]

Solar Power, Inc.
Min Xiahou, 800-548-8767
Global CEO

KEYWORDS:   United States  North America  California


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