Evergreen Solar Announces Executive Changes
September 24, 2009
Marlboro, Massachusetts, September 24, 2009 – Evergreen Solar, Inc. (NasdaqGM: ESLR), a manufacturer of String Ribbon™ solar power products with its proprietary, low-cost silicon wafer technology, today announced that:
- Richard M. Feldt, Chairman, President and CEO will take on the executive leadership responsibilities for marketing and sales on an interim basis, replacing Dr. J. Terry Bailey, SVP Marketing and Sales, who is leaving the company later this month to become Chief Executive Officer of a venture-backed solar company based in California.
- Michael El-Hillow, Chief Financial Officer, will take on additional responsibilities for global operations and administration.
“We are sorry to see Terry leave the Company, but he has built a strong organization and helped make the Evergreen Solar brand synonymous with quality, reliability and performance, each of which is a cornerstone for meeting customers’ needs,” stated Feldt. “At the same time, I am happy that Mike will take on the global operations and administration role. He is ideally suited to help us identify and implement the organizational structure and processes to take advantage of our low cost wafer technology as we expand our organization, particularly in China.”
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets String Ribbon™ solar power products using its proprietary, low-cost silicon wafer technology. The Company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar® and String Ribbon™ are trademarks of Evergreen Solar, Inc.
Safe Harbor Statement
This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These statements are based on management’s current expectations or beliefs. Evergreen Solar disclaims any obligation to update or revise such statements to reflect any change in company expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
CONTACT:
Evergreen Solar, Inc.
Michael McCarthy
Director – Investor Relations
mmccarthy@evergreensolar.com
Phone: 508-251-3261
