After obtaining approval at its annual meeting of stockholders, MEMC Electronic Materials Inc. is renaming itself SunEdison Inc. The company announced its plans to take its subsidiary's name in March.
‘We strongly believe the SunEdison name provides us with broader marketplace appeal and scalability that will help us grow the company and build long-term brand equity as we look toward the next chapter," says Ahmad Chatila, president and CEO.
"Today, both business units are growing and providing customers with some of the best semiconductor and solar products and solutions available," Chatila adds." We are committed to growing both the semiconductor and solar power businesses, and look forward to building on our strong legacies, now under the SunEdison name.’
SunEdison will continue to maintain its corporate headquarters in St. Peters, Mo.