On May 2, 2016, Vivint Solar, Inc. announced that Gregory Butterfield had tendered his resignation from the Board of Directors of the Company and from his position as
President and Chief Executive Officer of the Company, effective immediately. The company announced the appointment of David Bywater as the Company's Interim Chief Executive Officer, effective immediately. Mr. Bywater will serve as the Company's primary executive officer while the Company conducts a search for a new Chief Executive Officer. Mr. Bywater will take a leave of absence from his current employer, APX Group Holdings, Inc., while he serves as the Interim Chief Executive Officer of the Company. David Bywater, has served as the Chief Operating Officer of APX Group, Inc., the parent company of Vivint, Inc., since July 2013. Before joining APX, Mr. Bywater served as Executive Vice President and Corporate Officer for Xerox, and was the Chief Operating Officer of its State Government Services from 2010 to
July 2013. Prior to that, from 2003 to 2010, Mr. Bywater worked at Affiliated Computer Services (ACS), where, during his tenure, he managed a number of their business units. ACS was acquired by Xerox in 2010. From 1999 to 2003, Mr. Bywater was a senior manager at Bain & Company.