Lynn Jurich
SunrunAbout Lynn Jurich
Lynn Jurich, age 45 as of April 15, 2025, is Sunrun’s Co-Executive Chair, co-founder, and long-serving director (since 2007). She previously served as CEO for seven years, Co-CEO (Oct 2012–Mar 2014), President (Jan 2009–Oct 2012), and EVP of Sales & Marketing (2007–Jan 2009). She holds a B.S. in Science, Technology & Society and an M.B.A., both from Stanford University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Sunrun Inc. | Co-Executive Chair & Director | 2021–present (director since 2007) | Co-founder; leadership continuity and strategy oversight |
| Sunrun Inc. | Chief Executive Officer | ~2014–Aug 2021 | Led growth and industry differentiation |
| Sunrun Inc. | Co-Chief Executive Officer | Oct 2012–Mar 2014 | Executive transition leadership |
| Sunrun Inc. | President | Jan 2009–Oct 2012 | Scaling sales & operations |
| Sunrun Inc. | EVP, Sales & Marketing | 2007–Jan 2009 | Go-to-market build-out |
| Summit Partners | Associate | Jul 2002–Jul 2005 | Investment experience |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| Generate Capital, Inc. (private) | Director | Current | Sustainable infrastructure investor; no related-party transactions disclosed |
| Stanford Graduate School of Business | Advisory Board; Lecturer | Current | Academic governance and teaching |
| FLI MD / Female Longevity Institute | Co-founder | Since Sep 2023 | Women’s health program |
Board Governance
- Independence: The Board determined five directors are independent (Ferber, August-deWilde, Dach, Lontoh, Trinta); Jurich is not independent as Co-Executive Chair .
- Committee assignments: Audit (Chair: Trinta; members Dach, Lontoh) ; Compensation (Chair: August-deWilde; members Lontoh, Ferber) ; Nominating, Governance & Sustainability (Chair: Dach; members August-deWilde, Ferber) . Jurich is not listed on any standing committee .
- Attendance: Board held nine meetings in 2024; all directors attended at least 75% of Board/committee meetings and the 2024 annual meeting .
- Leadership: Co-Executive Chairs (Jurich, Fenster), Lead Independent Director (Ferber) with defined oversight responsibilities and executive session leadership .
- Governance practices: Declassification phased-in by 2026; elimination of certain supermajority thresholds; robust clawback expanded in April 2025 to include time-based awards; hedging and pledging prohibited .
Fixed Compensation
| Component | Amount (FY 2024) |
|---|---|
| Employee Director Salary (Co-Executive Chair) | $275,000 |
| Bonus | — |
| Additional Director Pay | None while employee |
| Note | “Part-time employee” in 2024; no additional director compensation |
Performance Compensation
| Award Type | Shares/Options | Vesting Schedule / Dates |
|---|---|---|
| RSUs (outstanding at 12/31/2024) | 2,340; 6,367 | Fully vest Mar 6, 2025; Mar 6, 2026, respectively |
| PSUs (outstanding at 12/31/2024) | 25,084 | Fully vest Mar 6, 2026 (performance-conditioned per program) |
| Stock Options (outstanding at 12/31/2024) | 901,063 | Includes 4,059 vest 3/1/2025; 9,224 vest 3/6/2026; balance already vested or per plan |
| Stock Options exercisable within 60 days (as of 3/1/2025) | 904,068 | Beneficial ownership count (timing reflects interim vesting) |
No 2024 director equity grants apply to employee directors; Sunrun’s director equity program (annual RSUs) applies to non-employee directors only .
Other Directorships & Interlocks
| Company | Type | Overlap/Interlock | Notes |
|---|---|---|---|
| Generate Capital, Inc. | Private | None disclosed | Related-party transactions policy reports no transactions >$120,000 involving directors in last fiscal year |
| Public Company Boards | — | — | None disclosed for Jurich |
Expertise & Qualifications
- Founding operator with deep residential solar and storage commercialization experience; long-tenured CEO/Chair credentials .
- Investment and capital markets exposure (Summit Partners) .
- Academic affiliations (Stanford GSB advisory board, lecturer) .
Equity Ownership
| Measure | Value |
|---|---|
| Total Beneficial Ownership | 3,447,297 shares; 1.52% of outstanding |
| Components (as of 3/1/2025) | 939,616 shares held directly; 1,600,000 via Jurich Murray Holdings LLC; 904,068 options exercisable within 60 days; 3,613 RSUs vesting within 60 days |
| Pledging/Hedging | Prohibited by company policy for directors and officers |
Compensation Committee Analysis
- Composition: Independent directors Katherine August‑deWilde (Chair), Sonita Lontoh, Alan Ferber .
- Consultant: Meridian Compensation Partners; determined independent; services included peer group design, PSU design, market benchmarking, burn rate/overhang analyses, regulatory advice .
- Peer group: Renewables/home solutions mix (20 companies) with revenue-centric selection; 2024 adjustment reduced software focus and added clean energy names (e.g., FLNC, NXT, PLUG, REZI, ADT) .
- Governance response: After 43.1% 2024 say‑on‑pay support, program changes added multi-year PSUs, Cash Generation “circuit breaker” in AIP, eliminated evergreen, prohibited repricing, expanded clawbacks .
Governance Assessment
- Strengths:
- Significant insider ownership (1.52%) aligns Chair’s incentives with shareholders .
- Independent committees with active Lead Independent Director oversight; robust clawback and anti-hedging/pledging policies .
- No related-party transactions involving Jurich reported for last fiscal year .
- Watch items:
- Not independent: Jurich’s Co-Executive Chair status concentrates influence; mitigated by LID and fully independent committees .
- 2024 say‑on‑pay result (43.1% support) signaled investor concern on pay-for-performance; company instituted material design changes for 2025 .
- RED FLAGS:
- None disclosed on pledging, related-party transactions, or option repricing; policy prohibitions and plan amendments explicitly address these risks .