MEMC Electronics (WFR) CEO Nabeel Gareeb has informed the board of directors that he will resign and the company has appointed Board member Marshall Turner to serve as interim CEO effective Nov 12th. Mr. Gareeb to aid in the transition to a new CEO.
Said Gareeb, “We have created a unique asset-efficient model and cost-efficient structure that has allowed MEMC to generate industry leading profitability and consistent cash flow generation over the years, in good … Read the rest
The company did however guide lower for next quarter and sees revenue of 540 – 600 million, which is below the consensus of 608 million. It’s blaming the lowered guidance on … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal