Today the company announced that it has hired former Goldman executive J. Radford Small.
Radford will start work at SolarCity as Senior Vice President, Business Development and Investor Relations. His main goal at the company is to execute the company’s long term growth strategy while maintaining a focus on increasing shareholder value.
New hire arrives with deep experience in the energy sector
Radford’s previous position was Managing Director and Chief Operating Officer for the Clean Technology and Renewables group at Goldman, Sachs & Co., where he spent 17 years of his career. His work in the Investment Banking Division at Goldman Sachs saw Radford serve clients from diverse areas of the energy sector.
His work involved clients from regulated utilities, independent power production and clean technology. Radford’s successful time at Goldman saw him raise over $20 billion in financing, and he was involved in over $25 billion of mergers and acquisitions transactions.
“We are excited to welcome Radford to the team, as he has a long history with SolarCity, including leading the company’s initial public offering, multiple capital markets transactions and a tax equity investment,” said Brad Buss, CFO of SolarCity. “Radford has also led major transactions for other distributed generation companies.”
SolarCity financial results encouraging
SolarCity are presumably hoping that Radford’s previous relationship with the company, and deep understanding of its business, will mean that he can slip seamlessly into his new role. Radford graduated from University of California, Berkeley with a BA in economics, and also holds a Juris Doctorate degree from Loyola Law School and Master of Laws (LLM) degree from New York University School of Law.
The company recently posted losses of $1.52 per share on $67.5 million in revenue for the first quarter of 2015, which were actually better than expected results. Analysts had predicted losses of $1.58 per share on $57.7 million in revenue.
The solar energy supplier continues to grow at an impressive rate and recently announced a partnership with Tesla which is predicted to allow SolarCity to offer the Tesla PowerWall to its customers before any other company.