ECD Names William C. “Kriss” Andrews Interim CFO

Energy Conversion Devices, Inc. (ECD) announced that William C. “Kriss” Andrews, 57, has been named interim chief financial officer, effective April 5, 2010. He succeeds Harry W. Zike, who has resigned for personal reasons and will remain to facilitate a smooth transition.

“Kriss Andrews is a proven leader with more than 35 years of financial, accounting and management experience, including serving as interim CFO of a publicly traded company and the CFO for large divisions of other publicly traded companies,” Mark Morelli, ECD’s president and CEO, said. “Kriss’ particular expertise in helping companies return to growth and profitability will be especially valuable as we continue to evolve our business model increasingly toward project development activities.”

“I’m thrilled to be joining ECD at such an exciting and challenging time in the global solar industry,” Andrews stated. “ECD’s long heritage as a solar innovator and proven leadership in the building-integrated, rooftop and project-development markets gives me confidence in the company’s growth opportunities. I look forward to working with the management team as we turn that goal into a reality.”

Prior to joining ECD, Andrews spent 12 years at global business advisory firm BBK Ltd., where he was most recently a senior managing director and co-lead of the firm’s North American automotive practice. At BBK, Andrews advised clients on numerous complex financial transactions and operational improvements, served as a client’s interim CFO, and served for two years on the firm’s Executive Committee.

Andrews also served as vice president of finance for Philip Services Corporation’s By-Products Recovery Group, and before that as general manager at two groups within Rollins Environmental Services. He also spent 13 years serving GATX Corporation in multiple financial positions, including CFO of two of its largest subsidiaries.

“We want to thank Harry for his many contributions to ECD during his tenure with the company,” added Morelli.

“It’s been a privilege to have helped steer ECD through a pivotal time in its history,” said Zike. “I am confident that the company is heading in the right direction, and I want to thank my colleagues for their support.”