Nextracker Announces Chuck Boynton as New Chief Financial Officer

Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced the appointment of Charles “Chuck” Boynton as Chief Financial Officer (CFO), effective after he completes his tenure with his current employer, which is expected in May 2024. Nextracker’s current CFO, David Bennett, will continue to serve in this role until transitioning to Chief Accounting Officer (CAO) once Mr. Boynton joins the company.

Mr. Boynton has more than 30 years of finance and accounting experience, as well as significant experience in the solar industry. Mr. Boynton will lead Nextracker’s global finance and accounting organization and will report directly to founder and CEO, Dan Shugar. Mr. Boynton has been on Nextracker’s Board since February 2023 and will step down from that position effective today.

“I am excited to welcome Chuck to the Nextracker executive leadership team,” said Dan Shugar, Nextracker founder and CEO. “Chuck has been an excellent board member and advisor to Nextracker, and he is a proven leader in the solar and technology sectors. With Chuck’s strong track record leading finance teams, he will strategically enhance our capabilities during the next phase of growth.”

“I am immensely proud of Nextracker’s achievements to-date,” said Mr. Boynton. “I am thrilled to step into the CFO role and am looking forward to working with the best team in the industry. We have a compelling growth path ahead as we continue building on the company’s successful operating model to drive long-term profitable growth and shareholder returns.”

David Bennett, who has served as Nextracker’s CFO since June 2021, will remain with Nextracker as its CAO, reporting directly to the CFO.

“Dave joined Nextracker from our prior parent company, Flex, after nearly 17 years successfully serving as its CAO,” said Dan Shugar, Nextracker founder and CEO. “Dave’s proven CAO track record will bring critical knowledge and experience to this role as we continue to scale globally. As CFO, he has been highly effective in ushering us through our IPO, the recent spin-out from Flex, and building out an outstanding finance team. I am thrilled to combine the executive skills of Chuck and Dave to bring world-class capability to our finance leadership.”