Oct 16 (Reuters) - Renewable energy company Maxeon Solar

Technologies ( MAXN ) said on Wednesday its chief executive

officer Bill Mulligan will retire at the end of January next

year, after nearly two years in the role, and will be succeeded

by George Guo.

Guo, former CEO of TCL Communication, has assumed the role

at Maxeon and joined its board effective Oct. 11. Mulligan would

aid the leadership transition through January, the company said.

The move comes days after Maxeon said it would be unable to

provide financial outlook for the third quarter and withdrew its

annual revenue and adjusted core profit forecasts.

The solar panel maker has been grappling with challenges

such as dwindling market demand, project delays, order

cancellations and an unpredictable policy environment.

Its shares, which have fallen nearly 100% since the start of

the year, were down more than 3% in early trading.