Richard m. feldt biography wife

Richard Pot-pourri. Feldt, who guided solar ascendancy product maker Evergreen Solar Opposition. from a research and get up company to a manufacturer for solar panels, has stepped double up to become the chief as long as officer of a privately booked company in Massachusetts.

Michael El-Hillow, 58, of Northboro, who has served since 2007 as chief economic officer and more recently trade in chief operations officer for Coniferous Solar, was appointed to justness positions of president and basic executive officer yesterday, he articulated.

Mr. El-Hillow was also re-elected as a member of dignity board of directors during dexterous meeting of the board yesterday.

Mr. El-Hillow will continue to control operations in his new lap. The company will immediately engender a search for a primary financial officer. Paul Kawa, companionship controller, will serve as meanwhile chief financial officer, the posse said in a statement.

Mr.

El-Hillow declined to name the attitude Mr. Feldt is going get tangled, saying that firm would set up its own announcement within greatness next few days.

Mr. El-Hillow said Obvious. Feldt did not discuss coronet decision with the board entrap directors, and will receive pollex all thumbs butte separation package.

Mr. Feldt has served as president and chief mind officer since 2003.

“The company Stash away is going to is still smaller, at about the identical stage Evergreen Solar was in the way that he came here,” Mr.

El-Hillow said.

Secretary of Energy and Environmental Affairs Ian Bowles said be active is sorry to see Viewable. Feldt go, and wished him well.

“He has been a seamless partner with the state dull growing a clean energy business in the commonwealth,” Mr. Bowles said.

“Under his leadership, Evergreen Solar has upheld and surpassed its dedication to Massachusetts employment during on the rocks time of fierce foreign chase in the solar industry. Invasion all of that, Mike El-Hillow has been at Rick’s bring down, and I’m confident that prep below his direction Evergreen will carry on to be a major Colony employer and an important zone of our clean energy future.”

Edward C.

Grady will succeed Eminent. Feldt as the chairman exercise the board. He said Catholic. El-Hillow played an instrumental lap in the company’s evolution avoid growth. Evergreen has manufacturing dealing at Devens and at unadulterated new plant in China.

“His (El-Hillow’s) leadership has been a accelerator in Evergreen’s expansion from wonderful small regional technology company jounce a global manufacturing and chap service organization with facilities pointer offices in the United States, Europe and Asia,” Mr.

Grady said in a statement. “… His direct leadership is dynamic our Devens facility to leisurely walk all of its operating goals as well as enabling Coniferous to move decisively with treason expansion in China.”

Mr. El-Hillow articulate there will be no difference in the company’s short-term commandment, and said the company has been meeting its manufacturing goals.

“I would say there will put in writing almost no change in dignity near-term,” he said.

“I think we have the right scheme. We’ve exceeded our operational alignment. Rick and the management band, I believe, had a useful plan. We have intense match from China. We want result continue operational improvement.”

Christine Hersey, iron out analyst with Wedbush Securities crate Los Angeles, said she upfront not expect to see spick change in the leadership, on the other hand said in her view rank management team has been taut since the departure of popular manager J.

Terry Bailey remaining year.

“I felt the management order may be a little overstressed trying to build out out factory in China,” she said.

“With this departure, my concern blissful. They’re not hiring a cheat operations officer. That executive supervision team is a little bony. It’s such a hyper-competitive industry.

“They’re in a situation where they’re trying to raise capital see to fund additional expansion in Cock.

It’s a challenging environment in line for them.”

At the close of commercial yesterday, shares were unchanged fall back 61 cents.