Press Release

8minute Solar Energy Welcomes Rahul Mathur as new Chief Financial Officer

Nov 17, 2021

This press release was originally published under 8minute. 8minute changed its name to Avantus in 2022.

Mathur joins a talented executive team poised to lead 8minute through its next phase of growth

LOS ANGELES, CALIFORNIA—November 17, 2021:

Today, 8minute Solar Energy (8minute) announced that Rahul Mathur has been hired as 8minute’s new Chief Financial Officer, marking a period of robust growth for the company. At 8minute, Mathur will be responsible for the overall financial direction of the company, and will oversee the Financial Planning & Analysis, Project Finance, Tax, Accounting, Investor Relations, and Growth & New Markets teams.

For more than 20 years, Mathur has held senior leadership positions for public and private semiconductor and software technology companies, including Rambus (NASDAQ: RMBS), Cypress Semiconductor (NASDAQ: CY), NetSuite and KLA (NASDAQ: KLAC). Immediately prior to joining 8minute, Mathur served as Chief Financial Officer of Rambus, where he was recognized as the “Best CFO” in the sector as part of Institutional Investor’s prestigious 2022 All-America Executive Team survey. During his five years as CFO, he helped transform the company from a licensing business model to a products company, with product sales now making up more than half of the company’s revenue. Prior to Rambus, Mathur served as Senior Vice President of Finance at Cypress Semiconductor, managing financial planning and investors relations, as well as Vice President of Finance at Spansion (NYSE: CODE) before the company was acquired by Cypress.

Mathur holds a Bachelor of Arts in applied mathematics from Dartmouth College and an MBA from the Wharton School of Business at the University of Pennsylvania. He began his career as a consultant with Arthur Anderson.

“It’s no secret that 8minute is transforming the energy industry through its next-generation of smart power plants integrating solar and storage. As an industry leader over the past decade, 8minute has consistently delivered compelling results, and I’m delighted at the opportunity to join such a dynamic company,” said Mathur. “I look forward to innovating and building alongside a team of accomplished, talented engineers and developers as we lead the clean energy industry in exciting new directions.”

“The past two years have marked a significant turning point for the technology and clean energy industries, with unprecedented forward-momentum and record investments. Rahul has a proven track record of helping public and private companies capitalize on these pivotal moments of opportunity and growth,”

Dr. Tom Buttgenbach, Founder and CEO of Avantus Clean Energy

“As an unrivaled technology leader, 8minute requires a strong and creative perspective from our leadership and Rahul certainly fits the part. We’re excited to have him join our team as we look to become the leading technology provider of ‘smart’ power plants and expand into other markets.”

Mathur’s hiring reflects 8minute’s strong success in expanding its team of leaders over the past year. The company hired Jennifer Arasimowicz as the new General Counsel and Corporate Secretary and promoted Senior Vice President of Engineering & Transactions Stephanie Perry to Chief Operating Officer, both in July 2021.