TOYO · TOYO Co., Ltd.

TOYO Co., Ltd., a global solar solutions company, has appointed Rhone Resch as its first Chief Strategy Officer, signaling a strategic push into the U.S. market and enhancement of its manufacturing capabilities. Resch's extensive background, including leading the Solar Energy Industries Association during a period of significant U.S. solar industry growth, positions him to navigate policy, regulatory, and market challenges effectively. Reporting directly to CEO Takahiko Onozuka, Resch will prioritize expanding manufacturing footprint, forging partnerships across the solar value chain, and addressing trade dynamics, which are critical for TOYO's ambition to become a full-service provider integrating wafers, cells, and modules. The employment agreement outlines competitive compensation with a fixed base salary payable monthly, performance-tied annual bonus, and standard benefits like paid leave and insurance, subject to annual Board review. It includes robust protections such as non-compete, non-solicitation for [●] years post-termination, confidentiality, and proprietary information clauses, governed by Hong Kong law. Complementing this is a comprehensive indemnification agreement covering expenses, judgments, and advancements for proceedings related to his role, including post-Change in Control definitions aligned with SEC regulations. This leadership addition underscores TOYO's commitment to scaling operations amid growing demand for high-performance solar technologies.