First Solar Announces Board Transition
September 02 2016 - 04:05PM
Business Wire
First Solar, Inc. (NASDAQ: FSLR) (the “Company”) today announced
that following the Company’s successful leadership transition, the
First Solar Board of Directors and James A. Hughes have mutually
agreed that Mr. Hughes will no longer serve in an advisory capacity
to the Company and will step down from the Board, effective
September 1, 2016. As previously announced on April 27, 2016, Mark
R. Widmar was appointed Chief Executive Officer, effective July 1,
2016.
“With Mark successfully assuming the role of Chief Executive
Officer and the management team continuing to execute our strategic
growth plans, the Board and Jim mutually agreed that now is an
opportune time for this transition,” said Michael J. Ahearn, First
Solar’s Chairman of the Board. “On behalf of the entire Board, I
want to thank Jim for his many contributions over the years. Jim is
an experienced and talented leader with many opportunities ahead of
him. We wish him well in his future endeavors.”
With this Board change, First Solar’s Board now is comprised of
11 members, nine of whom are independent directors.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive
photovoltaic (PV) solar systems which use its advanced module and
system technology. The company’s integrated power plant solutions
deliver an economically attractive alternative to fossil-fuel
electricity generation today. From raw material sourcing through
end-of-life module recycling, First Solar’s renewable energy
systems protect and enhance the environment. For more information
about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made
pursuant to safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include statements, among other things, concerning: effects on our
financial statements and guidance resulting from certain tax
matters; our business strategy, including anticipated trends and
developments in and management plans for our business and the
markets in which we operate; future financial results, operating
results, revenues, gross margin, operating expenses, products,
projected costs (including estimated future module collection and
recycling costs), warranties, solar module efficiency and balance
of systems cost reduction roadmaps, restructuring, product
reliability, investments in unconsolidated affiliates and capital
expenditures; our ability to continue to reduce the cost per watt
of our solar modules; our ability to reduce the costs to construct
PV solar power systems; research and development programs and our
ability to improve the conversion efficiency of our solar modules;
our ability to expand manufacturing capacity worldwide; sales and
marketing initiatives; and competition. These forward-looking
statements are often characterized by the use of words such as
"estimate," "expect," "anticipate," "project," "plan," "intend,"
"seek," "believe," "forecast," "foresee," "likely," "may,"
"should," "goal," "target," "might," "will," "could," "predict,"
"continue" and the negative or plural of these words and other
comparable terminology. Forward-looking statements are only
predictions based on our current expectations and our projections
about future events. You should not place undue reliance on these
forward-looking statements. We undertake no obligation to update
any of these forward-looking statements for any reason. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to differ
materially from those expressed or implied by these statements.
These factors include, but are not limited to, the matters
discussed in Item 1A: "Risk Factors," of our most recent Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K and other reports filed with the SEC.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160902005668/en/
First Solar MediaSteve Krum+1
602-427-3359steve.krum@firstsolar.comorFirst Solar InvestorsStephen
Haymore+1 602-414-9315stephen.haymore@firstsolar.com
First Solar (NASDAQ:FSLR)
Historical Stock Chart
From Feb 2024 to Mar 2024
First Solar (NASDAQ:FSLR)
Historical Stock Chart
From Mar 2023 to Mar 2024