Ismael Guerrero is stepping down as chief executive of Recurrent Energy, the company's global project development subsidiary, and Dylan Marx will step in as his successor. Marx leaves his role as chief operating officer of Canadian Solar to focus on Recurrent. Guerrero will stay on as a non-executive adviser through Dec. 31. Canadian Solar CEO Colin Parkin said Marx's deep knowledge of Recurrent's business and proven operational track record make him the right leader for the subsidiary's next phase.

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