Sunnova Expands Leadership, Appoints Two New Independent Directors

Sunnova Energy International Inc., an industry-leading adaptive energy services company, has announced the appointment of Tony Horton and Jeffrey S. Stein as independent Class I directors to its Board of Directors, effective April 11, 2025. The appointments of Mr. Horton and Mr. Stein demonstrate Sunnova’s ongoing commitment to maintaining strong governance practices and ensuring that its Board is equipped with the expertise needed to guide the company through key phases of growth and transformation. Both individuals bring significant experience in managing capital structure transactions and leading companies through periods of strategic change.

Tony Horton brings a wealth of financial and business leadership experience to the Board. He currently serves as Chief Executive Officer of AR Horton Advisors and holds several other prominent board positions, including Lead Independent Director for Team, Inc., and Independent Director for Equiniti Trust Company and Talen Energy Corporation. Over the course of his career, Mr. Horton has amassed more than 25 years of experience in the energy and technology industries.

His previous leadership roles at Energy Future Holdings Corporation and TXU Energy have provided him with deep strategic insight and a proven track record of navigating complex turnaround and restructuring initiatives. His broad experience across public and private companies will be instrumental in supporting Sunnova’s future direction.

Jeffrey S. Stein also joins the Board with extensive experience in investment and financial services, as well as corporate leadership. He is the Founder and Managing Partner of Stein Advisors LLC, a financial advisory firm that advises public and private companies and institutional investors. Mr. Stein currently serves as Chairman of the Board of Directors of Ambac Financial Group, Inc.

Over his more than 30-year career, he has gained considerable expertise in debt and equity markets, with a particular focus on distressed assets and special situations. His deep understanding of complex financial environments and ability to provide strategic guidance in challenging circumstances will further strengthen Sunnova’s Board.

In conjunction with the appointments, Sunnova has established a Special Committee of the Board composed of Mr. Horton and Mr. Stein. This Special Committee will be responsible for evaluating the company’s capital structure and financial condition, and for assessing and negotiating potential transactions and other strategic alternatives. The formation of this committee highlights Sunnova’s proactive approach to ensuring it is well-positioned to deliver long-term value for its stakeholders.