SALT LAKE CITY — Vivint Solar officially announced David Bywater as its permanent chief executive officer Monday morning.
Bywater has served as interim CEO since May.
“We strongly believe David is the best candidate for the CEO position,” Peter Wallace, Vivint's chairman of the board, said in a statement. “He positions Vivint Solar to execute on its tremendous opportunity to provide clean, affordable energy to consumers.”
Since being named interim CEO on May 2, Bywater has worked closer with Vivint Smart Home, which fosters technology and solar energy for homes, to cut costs and improve the installation process for customers.
Bywater previously served as the company’s chief operating officer, overseeing management, human resources and customer operations.
“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,” he said in a statement.
“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," the statement continued. "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.”
Bywater graduated from BYU with an economics degree and earned an MBA from the Harvard Business School.
He was featured on the Deseret News' "Silicon Slopes Hour" earlier this month, speaking with host Clint Betts about the importance of keeping solar panels affordable so Utahns interested in obtaining them feel an incentive to buy.
Bywater said he loves Utah and called "a phenomenal state" for Vivint to call home.
"We love how pro-business this state is," he said.