Vivint Solar Appoints Key Leadership To Execute New Strategy

LEHI, Utah, Oct. 18, 2016 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading full-service residential solar provider, today announced that it has named Chance Allred as chief sales officer, Paul Dickson as chief revenue officer and Bryan Christiansen as chief operations officer.

"The leadership team and I are honing in on our strategy and focusing on our top five priorities, two of which are building a sustainable business and delighting our customers," said Vivint Solar interim CEO David Bywater. "We have outstanding leadership at this company and I know that Bryan, Paul and Chance will be instrumental in delivering on those priorities and delivering on our strategy for success."

Allred, a leader with 16 years of experience building 3 businesses and most recognized for building high producing sales organizations, has been at the forefront of the residential solar power revolution. With a compound annual growth rate of 225 percent in the past four years, Allred has been a part of the original executive team and has built a team of sales professionals that has helped Vivint Solar rapidly become one of the largest companies in the residential solar industry. Allred will continue to lead the sales organization and will focus on sales team recruitment, development and leadership.

Dickson, a founding member of Vivint Solar's management team, has had major influence on the success of the company since its infancy. He established its business thesis and had a significant role raising tax equity investment funds totaling more than $750 million in invested capital. Dickson also cofounded a smart-grid energy management company as a university student and sold the business to Vivint, Inc. As chief revenue officer, Paul will oversee the team focused on the sales process and will continue to build out Vivint Solar's world-class sales operations group.

Christiansen, a veteran leader of operational excellence, joined Vivint Solar as the company's chief strategy and innovation officer in May 2016. With nearly 18 years of experience in financial and operational leadership positions, Christiansen has personally run 6 companies and has developed and implemented growth and turnaround strategies for Fortune 500 clients. Christiansen will remain a key player in strategy development for Vivint Solar. As chief operations officer, he will be responsible for all operations contributing to the customer experience beyond the initial sale.

About Vivint Solar

Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer's location – to residential customers in the United States. Vivint Solar's customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems for its customers. Vivint Solar also provides solar energy systems for purchase. For more information, visit www.vivintsolar.com or follow @VivintSolar on Twitter.

Note on Forward-looking Statements

This press release contains forward-looking statements as defined within the meaning of the federal securities laws. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the risks set forth in the registration statements and reports that Vivint Solar files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at www.vivintsolar.com. Vivint Solar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Logo - http://photos.prnewswire.com/prnh/20161017/429459LOGO

SOURCE Vivint Solar

Related Links

http://www.vivintsolar.com