Published:
STR Holdings Elects Scott S. Brown and Andrew M. Leitch to Its Board of Directors
ENFIELD, Conn. - (BUSINESS WIRE) - STR Holdings, Inc. (NYSE: STRI) today announced the election of two new
members to its Board of Directors, Scott S. Brown, 53, Chief Executive
Officer of New Energy Capital LLC and Andrew M. Leitch, 66, a former
audit partner at Deloitte & Touche LLP. As a result of the Company's
initial public offering, the Company has expanded its Board to eight
members and has determined that with these appointments, a majority of
the Board is independent and the Board composition complies with
Securities & Exchange Commission and NYSE listing requirements.
Dennis L. Jilot, STR's Chairman, President and Chief Executive Officer,
commented: "The Board and I are delighted to have Andrew and Scott join
the STR team. Both of them possess strong strategic business sense,
financial acumen and will strengthen our corporate governance function
as we transition to a publicly traded company."
Prior to joining New Energy Capital, LLC in which he has been the Chief
Executive Officer since 2004, Mr. Brown was Chief Executive Officer of
Sinclair Brown Associates, a management and investment consulting firm.
Previously, Mr. Brown was on the founding management team of First Solar
and Chief Executive Officer of Glasstech Solar, Inc. He holds a B.A.
from Dartmouth College and a J.D. from Harvard Law School. Mr. Brown
will serve on the audit committee of the STR Board.
Mr. Leitch spent more than 27 years with Deloitte & Touche LLP, last
serving as Vice Chairman of the Management Committee, Hong Kong. Mr.
Leitch currently serves as Chairman of the Board of Blackbaud, Inc., as
well as a Director and Chairman of the audit committee of Aldila, Inc.
and Cardium Therapeutics, Inc. Mr. Leitch is a certified public
accountant and chartered accountant and will serve as STR's Chairman of
the audit committee and financial expert.
About STR
STR Holdings, Inc. is a diversified global leader providing high
quality, superior performance solar encapsulants to the photovoltaic
module industry. It is also one of the world's top providers of quality
assurance testing, audit, inspection and responsible sourcing services.
STR works with over 6,000 major manufacturers, importers, raw materials
suppliers and retailers around the globe to ensure that they have the
highest level of confidence in the quality and safety of their products
and the social standards of the supply chain producing them. Further
information about STR Holdings, Inc. can be obtained via the Company's
website at www.strholdings.com.
STR Holdings, Inc.
Barry A. Morris, Executive Vice President and
Chief Financial Officer
860-749-8371
barry.morris@strus.com
or
Joseph
Radziewicz, Controller and Principal Accounting Officer
860-749-8371
joseph.radziewicz@strus.com
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