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SunPower Appoints Three New Independent Board Members | Cypress Semiconductor

SunPower Appoints Three New Independent Board Members

Last Updated: June 15, 2009

SunPower Appoints Three New Independent Board Members

SUNNYVALE, Calif., October 11, 2005 - SunPower Corp., a Silicon Valley-based subsidiary of Cypress Semiconductor Corp. (NYSE: CY), today announced the appointment of three new, independent members to its board of directors: W. Steve Albrecht, Betsy S. Atkins and Pat Wood, III.

"SunPower extends a warm welcome to our new board members," said Tom Werner, SunPower's CEO. "Steve, Betsy and Pat bring a unique combination of talent and expertise that will be of tremendous value to SunPower moving forward."

W. Steve Albrecht is the associate dean of the Marriott School of Management and Andersen Alumni Professor at Brigham Young University (BYU). A certified public accountant (CPA), certified internal auditor (CIA) and certified fraud examiner (CFE), Albrecht, joined BYU in 1977 after teaching at Stanford University and the University of Illinois. Earlier he worked as a staff accountant for Deloitte & Touche. Prior to becoming associate dean of the Marriott School, Albrecht served for nine years as the director of the School of Accountancy and Information Systems at BYU. Albrecht currently serves as the U.S. representative to the International Federation of Accountants (IFAC) Education Committee and as a trustee of the Financial Accounting Foundation (FAF). He has published more than 100 articles in professional and academic journals, authored or co-authored more than 20 books or monographs, and received numerous awards and honors. Albrecht also serves on the board of directors of Red Hat, Inc., Sky West Inc., ICON Health and Fitness, and Cypress Semiconductor Corp.

Betsy S. Atkins has served as chief executive officer of Baja Ventures, an independent venture capital firm focused on the technology and life sciences industry, since 1994. She previously served as chairman and chief executive officer of NCI, Inc., a functional food/nutraceutical company from 1991 through 1993. Atkins was a co-founder of Ascend Communications in 1989, where she was also a member of the board of directors until its acquisition by Lucent Technologies in 1999. Ms. Atkins currently serves on the board of directors of Polycom, Inc., Reynolds American, Inc., and Chico's FAS, Inc., as well as a number of private companies. She served as a presidential appointee to the Pension Benefit Guaranty Corp. board from 2001 to 2003 and is a faculty member of the National Association of Corporation Directors. She is a member of the British Telecom Advisory Board, the Nasdaq Nominating Committee and the Council on Foreign Relations.

Pat Wood, III is the immediate past chairman of the Federal Energy Regulatory Commission (FERC), the independent regulator of the nation's interstate pipeline and wholesale electric power industries. During his four years at the FERC, he led the federal response to the 2000-2001 California energy crisis, the bankruptcy of Enron, the significant rise in fuel prices and the 2003 Northeastern power blackout. From 1995 to 2001, Wood chaired the Public Utility Commission of Texas, which led successful efforts to introduce retail customer choice and restructuring to the electric power and telecommunications industries. Wood has also been an attorney with the Baker & Botts law firm in Washington, D.C. and an associate project engineer with Arco Indonesia in Jakarta.

About SunPower
SunPower-a Silicon Valley-based majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY)-designs and manufactures high efficiency silicon solar cells and modules based on an all-back-contact design. SunPower's solar cells and modules generate up to 50 percent more power per square foot than conventional solar technologies and have a uniquely attractive, all-black appearance. For more information on SunPower or solar technology, please visit the SunPower website at

About Cypress
Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power. Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange under the ticker symbol CY. More information about the company is available online at

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