Solar Universe, a solar installation and finance company, announced it has appointed Steven L. Yeffa as CFO. Yeffa will oversee the company’s corporate finance and accounting activities and help grow its newly-launched solar leasing program.
Yeffa’s career spans a range of sectors, including office automation, financial services and asset management technologies. Prior to joining Solar Universe, Yeffa served as CFO for Cartridge World, where he directed the global financial operations of the 1,600 store franchise operations, and later became the president of the Americas region. Yeffa was also CFO of the western region of IKON Office Solutions in Walnut Creek, CA. Prior to joining IKON, he was executive VP and CFO of Leasing Solutions, where he established the company’s western European operations in 10 different countries and managed the company through a successful IPO.
“Steve’s finance knowledge in both leasing and franchising is the perfect combination to help expand Solar Universe’s proven business model into new geographies and product offerings,” said Joe Bono, founder and CEO of Solar Universe. “We’re thrilled to have Steve join the Solar Universe team.”
Yeffa added, “Approaching solar through a franchising model is the key to enabling widespread solar adoption. Solar Universe has struck a critical balance by providing both financing to homeowners and equipping local installers with essential knowledge and training so they can execute the solar installation process from start to finish in a cost effective way. I’m excited to join the growing Solar Universe team and use my expertise to help expand its network of owner-operator solar businesses.”
Yeffa comes to Solar Universe at a pivotal time in the company’s growth. In January, Solar Universe announced it had secured $7 million in series B funding and most recently it announced the availability of a residential solar lease program. Solar Universe currently has 21 franchisees across California, Nevada, Arizona, Pennsylvania, Louisiana and New Jersey and is expanding to other states later this year.
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