HelioVolt Adds To Executive Team

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HelioVolt Corp., a producer of highly efficient thin-film solar energy products, has added new members to its executive management team as the company builds out its U.S. manufacturing capacity. Board member Ron Bernal has been appointed interim chief executive officer, and Sanjeev Kumar, the former chief financial officer (CFO) of Energy Conversion Devices Inc. has joined the company as CFO.

Founder Dr. BJ Stanbery will serve as chief strategy officer and chairman of the board. The board will conduct an international search for a permanent CEO to lead the company in its next phase of growth as a manufacturer of thin-film solar photovoltaic products.

Bernal, a HelioVolt board member since 2007 and partner at Sequel Ventures, will direct the company as it transitions from the development of its proprietary thin-film solar manufacturing process to full-scale commercial production. Bernal previously served as a venture partner at Sutter Hill Ventures and as vice president of operations for the product technology groups at Cisco Systems. Kumar will lead HelioVolt's overall financial growth while providing further organizational and strategic support to the company.

SOURCE: HelioVolt

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