On December 31, 2021, the Board of Directors of SunPower Corporation appointed Vinayak Hegde as an independent member of the Board. Mr. Hegde fills the vacancy on the Board due to the previously planned and disclosed resignation of Thomas H. Werner on November 1, 2021. Mr. Hegde serves as a Class III director, with a term expiring at the Company's annual meeting of stockholders to be held in 2023.

Mr. Hegde has served as president of Wheels Up since October 2021, after joining the company in May 2021 as its chief marketplace officer. He oversees strategy and execution of initiatives across all aspects of Wheels Up, including revenue accountability, product strategy, technology development, business strategy, sales and member experience, and operations. From July 2020 through March 2021.