Former SolarCity CFO Bob Kelly Joins Mosaic's Board of Directors

Seasoned finance executive has raised more than $52 billion to finance clean energy projects

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May 19, 2015, 09:47 ET

OAKLAND, Calif., May 19, 2015 /PRNewswire/ -- Today Mosaic, the nation's leading residential solar financing platform, announced that Robert D. Kelly is joining Mosaic as a member of the company's Board of Directors. Mr. Kelly recently retired as SolarCity's Chief Financial Officer.

"Bob has unparalleled solar finance experience, including bringing SolarCity public and achieving the solar industry's first securitization," said Billy Parish, CEO of Mosaic. "His accomplishments have accelerated the growth and adoption of solar nationwide."

"I'm thrilled to be joining Mosaic's board of directors; the company is a leader in the residential solar finance space, offering the best loan products and a proven technology platform. I look forward working with Mosaic to help guide their successful expansion," noted Bob Kelly.

Bob Kelly successfully led SolarCity through its 2012 initial public offering. He has held a variety of senior financial management roles in the energy field. Prior to SolarCity, Kelly served chief financial officer of Calera, a clean technology company focused on reducing carbon dioxide (CO²) emissions by converting CO² into useful materials. Earlier, at independent power producer Calpine, Bob was chief financial officer and executive vice president, managing that company's IPO. Kelly was instrumental in growing Calpine's electricity generation capacity from 1 megawatt (MW) to more than 25,000 MW.

Mr. Kelly joins current Mosaic board members Tom Dinwoodie and Lisa Gansky.

About Mosaic
Mosaic is the nation's leading residential solar lending platform, enabling thousands of people to profit from the benefits of clean energy by owning their own solar panels. Mosaic has been honored by Fast Company as a top ten most innovative company in energy for two consecutive years, by the Department of Energy as a SunShot award recipient, The Sierra Club as the Trailblazer Company of the year, and Verizon Wireless as the environmental winner for their Powerful Answers Awards. For more information, visit: http://joinmosaic.com Solar Mosaic Inc., CFL Lic. #6054631

Contact: Susan DeVico (510) 339-1527 [email protected]

SOURCE Mosaic