MegaPath veteran brings strong track record of revenue growth to nation's leading solar service provider
SAN MATEO, Calif., Jan. 19, 2011—SolarCity®, a national leader in solar power financing, design, installation, monitoring and energy efficiency services, today announced that Dan Foster has joined the company as vice president of sales. Foster will report to CEO Lyndon Rive and oversee SolarCity's growing national sales organization. He brings more than 20 years of executive-level sales experience to his role. Foster joins SolarCity at a time of increasing growth. The company passed the 10,000-customer mark in December, hired more than 450 new employees in 2010, and recently added a range of new energy efficiency services to its existing offering.
"Dan Foster has consistently grown revenues and evolved sales organizations at every step in his career," said Rive. "SolarCity is already the largest solar service provider in the nation, and we expect to double in size and sales again this year. Dan is the perfect leader to help us reach our future goals."
Foster joins SolarCity from MegaPath, Inc., North America's leading provider of managed IP communications services. As MegaPath's executive vice president of sales, Dan grew the company's annual revenues from $5 million to $500 million. Prior to MegaPath, Foster served as president and CEO of Phoenix Networks, a national broadband service provider. Earlier in his career, Foster was a partner at Analysis Group (formerly INTEGRAL, Inc.), an international management consulting firm.
"SolarCity is creating a national company that will have a lasting impact; to significantly increase America's use of clean power," said Foster. "I share SolarCity's vision and look forward to building the leading sales culture in the sustainability space."
Foster holds dual bachelor's degrees from Tufts University in engineering and literature, and he received a fellowship to intern with the U.S. Department of Defense as an engineer. He has also completed Harvard Business School's executive program for management development.
SolarCity®—a national leader in solar power system and energy efficiency design, financing, installation, monitoring and related services—was founded with the mission to help millions of homeowners and businesses adopt solar power, protect themselves from rising electricity costs, and protect their environment from polluting power sources. The company's SolarLease® and Power Purchase Agreement (PPA) options can make it possible for homeowners and businesses to switch to clean, solar power for less money than they currently pay for electricity. SolarCity currently serves more than 1,000 communities in Arizona, California, Colorado, Oregon and Texas. Additional information about the company is available on the Web at www.solarcity.com.
Edelman for SolarCity