Vivint Solar has named David Bywater as CEO. He has been acting as interim CEO since May, according to a statement from the residential solar provider based in Lehi. The appointment is effective immediately.
“We strongly believe David is the best candidate for the CEO position,” said Peter Wallace, chairman of the board at Vivint. “He positions Vivint Solar to execute on its tremendous opportunity to provide clean, affordable energy to consumers.”
As interim CEO of Vivint Solar, Bywater made significant gains in driving efficiencies in the company’s installation process, rationalizing its cost basis and re-establishing closer collaboration with Vivint Smart Home, said Wallace. He previously served as the chief operating officer at Vivint Smart Home and was responsible for customer operations, human resources, field service and supply chain management for the smart home services provider with more than 1 million customers.
“I look forward to continuing to build upon Vivint Solar’s robust business in the emerging residential solar market with the board, the management team, our partners and our talented team,” Bywater said. “We will continue to focus on generating strong growth predicated upon sound unit economics, while striving to consistently delight our customers with the best-in-class experience. As we seek to become the most sustainable residential solar company in the industry, Vivint Solar is well-positioned to create added value for our shareholders and deliver upon its market potential.”
Prior to his role at Vivint Smart Home, Bywater served as an executive vice president and corporate officer for Xerox and was the chief operating officer of its $1.8 billion state government services business. He spent 10 years working at Affiliated Computer Services, where he was responsible for the management of several business units, which encapsulated more than 60 different companies.
Bywater holds a bachelor of science degree in economics from Brigham Young University and an MBA from Harvard Business School.