Thursday, February 2, 2012

Ascent Solar Technologies Names New CEO

Thornton, Colorado-based Ascent Solar Technologies, the developer of flexible photovoltaic solar panels, said today that it has named Vidctor Lee as its new CEO. Lee is Executive Director of TFG Radiant Group Ltd., the largest shareholder in the company. TFG currently owns 20% of the publicly held firm, with a deal in place to bring that stake to 41 percent. Lee replaces Ron Eller, who is departing the firm. Ascent did not give a reason for the CEO shuffle.