On September 4, 2009
New First Solar CEO Brings Government Expertise, Ties to General Electric
First Solar is definitely getting ready for growth. The solar company has brought on a new chief executive who formerly ran Honeywell Aerospace, a division that brings in over $12 billion a year. That’s more than First Solar’s entire market cap. The new CEO, Rob Gillette, headed Honeywell Aerospace for only four years, but managed to grow its revenues over 15 percent during his time there, a significant bump in that industry. First Solar will obviously be hoping for more, but there’s also more room to grow in the solar industry. Unmentioned in the announcement are a couple important positives for First Solar. The company has been taking on more huge, utility-scale installations this year, projects that are very different…
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