Evergreen Solar Announces Executive Changes

Evergreen Solar, Inc. 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 CEO of a venture-backed solar company based in California.
• Michael El-Hillow, CFO, 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.”