Enphase Energy, Inc. announced that on March 31, 2024, David Ranhoff, Executive Vice President and Chief Commercial Officer of the company, notified the Company of his intention to step down from his position at the Company, effective as of June 30, 2024. Mr. Ranhoff will transition from his current position to a part-time role as Commercial Advisor, effective July 1, 2024. As Commercial Advisor, Mr. Ranhoff will continue to report to Badri Kothandaraman, the Company?s President and Chief Executive Officer, and help facilitate the transition of his responsibilities as well as support strategic commercial initiatives.

Consistent with the Company?s succession plan, Mr. Ranhoff?s current role will be fulfilled by two senior vice presidents who will continue to report directly to Mr. Kothandaraman. Mr. Ranhoff is stepping down for personal reasons and there are no disagreements between Mr. Ranhoff and the Company on any matters relating to the Company?s operations, policies or practices.