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Announces departure of president and CEO; Jay Knoll named interim president
May 10, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
Energy Conversion Devices, Inc. (ECD) reported financial results for its third fiscal quarter of 2011 ended March 31, 2011, and said it will implement a strategic corporate restructuring to better position and focus the company for success in the rapidly evolving solar industry. Total consolidated revenue for the quarter was $21.5 million, a decrease of 70% over the third fiscal quarter of 2010, and a decrease of 69% over the previous quarter, due primarily to significant industry-wide disrup...
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