Saturday, October 15, 2011

Solyndra says its CEO has resigned

Jonathan Ernst / Reuters

Solyndra President and CEO Brian Harrison.

Solar company Solyndra said Thursday its CEO Brian Harrison has resigned, according to The Associated Press.

Solyndra has been at the center of a media storm since the California solar energy company sought bankruptcy protection after receiving a $528 million loan guarantee from the Obama administration.

The AP reports that Solyndra filed papers in a Delaware bankruptcy court Wednesday that said Harrison resigned last Friday. Solyndra said Harrison's resignation was expected even before the company sought bankruptcy protection, the AP said.

The news wire notes that ?Solyndra's filing was in response to a motion by the Justice Department to appoint a trustee to oversee the bankruptcy case. The government was concerned company officials would not be forthcoming about Solyndra's operations and finances.?

The AP also said the Justice Department ?filed its motion after Harrison and Solyndra chief financial officer W.G. Stover refused to answer questions when called before a U.S. House committee investigating the loan Solyndra received from the Energy Department.?

Source: http://bottomline.msnbc.msn.com/_news/2011/10/13/8305148-solar-company-solyndra-says-its-ceo-has-resigned

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