Lumio, a residential solar products and systems provider in Lehi, has announced the appointment of Andrew Walton as CEO and a member of the board of directors. Brendan Smith will transition from chief operating officer to president. The announcement comes on the heels of a recent influx of $40 million in venture capital for the company.
“Andrew has not only forged a path of success in the solar industry but has mastered the complex ecosystem, including leading national dealer programs, creating new revenue channels and building strong innovative partnerships,” said Smith. “We’re confident that his unwavering commitment to integrity and a proven track record of innovative strategy in direct and partner-led markets and revenue growth will significantly enhance value for all our stakeholders by finding new routes to market and forging new partnerships.”
Walton’s previous position was president of SNR Solar (SnapNrack), a subsidiary of Sunrun Inc., where he oversaw significant company growth. Together, Walton and Smith represent over 30 years of combined experience in the solar and power industries, the company said in a statement.
“Lumio’s innovative spirit in personalizing renewable energy has truly set the industry benchmark, and observing the company’s remarkable growth trajectory from this strategic approach is incredibly inspiring,” said Walton. “It is a privilege to align with a team renowned for their expertise and commitment at such a pivotal juncture for the company. I eagerly anticipate contributing to our shared vision and working alongside a talented group of professionals, some of whom I already consider friends.”
Before his time at SNR Solar, Walton led the affiliate partner program at Sunrun, where he helped drive growth and oversaw the installation of 250 megawatts of solar projects. He also built the external fulfillment program at Sunrun and managed key partnerships with Costco, Home Depot and other retailers. At Vivint Solar, he was instrumental in creating and growing diverse revenue channels, including new homes, retail, and military housing.