People: First Solar Inc (FSLR.O)
FSLR.O on Nasdaq
52.40USD
22 May 2013
52.40USD
22 May 2013
Price Change (% chg)
$-3.23 (-5.81%)
$-3.23 (-5.81%)
Prev Close
$55.63
$55.63
Open
$55.75
$55.75
Day's High
$55.96
$55.96
Day's Low
$50.68
$50.68
Volume
10,521,840
10,521,840
Avg. Vol
7,404,484
7,404,484
52-wk High
$59.00
$59.00
52-wk Low
$11.43
$11.43
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
James Hughes |
51 | 2012 | Chief Executive Officer, Director |
Mark Widmar |
47 | 2012 | Chief Financial Officer, Chief Accounting Officer |
Georges Antoun |
50 | 2012 | Chief Operating Officer |
Mary Gustafsson |
53 | 2009 | Executive Vice President, General Counsel, Secretary |
Carol Campbell |
61 | 2009 | Executive Vice President - Human Resources |
Maja Wessels |
53 | 2009 | Executive Vice President - Global Public Affairs |
Raffi Garabedian |
46 | 2012 | Chief Technology Officer |
Richard Chapman |
2012 | Independent Director | |
Craig Kennedy |
60 | 2007 | Independent Director |
James Nolan |
80 | 2003 | Independent Director |
William Post |
62 | 2010 | Independent Director |
J. Thomas Presby |
73 | 2006 | Independent Director |
Paul Stebbins |
55 | 2006 | Independent Director |
Michael Sweeney |
43 | 2003 | Independent Director |
Biographies
| Name | Description |
|---|---|
James Hughes |
Mr. James A. Hughes is Chief Executive Officer, Director of First Solar, Inc. Hughes joined First Solar in March 2012 as Chief Commercial Officer. Hughes has nearly 20 years of experience in the global energy industry. Before joining First Solar, he served as the CEO of AEI, which owned and operated power distribution, conventional and renewable power generation, natural gas transportation and natural gas distribution businesses in 19 countries. Prior to that, he was President and Chief Operating Officer for Prisma Energy. Hughes earned a juris doctor from the University of Texas at Austin School of Law, a Certificate of Completion in international business law from Queen Mary's College, University of London, and a bachelor's degree in business administration from Southern Methodist University. |
Mark Widmar |
Mr. Mark R. Widmar is Chief Financial Officer, Chief Accounting Officer of First Solar Inc. He joined First Solar in April 2011 as Chief Financial Officer. Mr. Widmar has served as First Solar’s Chief Accounting Officer since February 1, 2012. Prior to joining First Solar, Mr. Widmar served as Chief Financial Officer of GrafTech International Ltd., a global manufacturer of advanced carbon and graphite materials, from May 2006 through March 2011, as well as President, Engineered Solutions from January 2011 through March 2011. Prior to joining GrafTech, Mr. Widmar served as Corporate Controller of NCR Inc. from 2005 to 2006, and was a Business Unit Chief Financial Officer for NCR from November 2002 to his appointment as Controller. He also served as a Division Controller at Dell, Inc. from August 2000 to November 2002 prior to joining NCR. Mr. Widmar also held various financial and managerial positions with Lucent Technologies Inc., Allied Signal, Inc., and Bristol Myers/Squibb, Inc. Mr. Widmar holds a B.S. in Business Accounting and a Masters of Business Administration from Indiana University. |
Georges Antoun |
Mr. Georges Antoun is Chief Operating Officer of First Solar, Inc. Mr. Antoun has over 20 years of operational and technical experience, including leadership positions at several global technology companies. Mr. Antoun most recently served as Venture Partner at Technology Crossover Ventures (“TCV”), a private equity and venture firm that he joined in July 2011. Prior to joining TCV, Mr. Antoun was the Head of Product Area IP & Broadband Networks for Ericsson, based in San Jose, California. Mr. Antoun joined Ericsson in 2007, when Ericsson acquired Redback Networks, a telecommunications equipment company, where Mr. Antoun served as the Senior Vice President of World Wide Sales & Operations. After the acquisition, Mr. Antoun was promoted to Chief Executive Officer of the Redback Networks subsidiary. Prior to Redback Networks, Mr. Antoun spent five years at Cisco Systems, where he served as Vice President of Worldwide Systems Engineering and Field Marketing, Vice President of Worldwide Optical Operations, and Vice President of Carrier Sales. He has also held senior management positions at Newbridge Networks, a data and voice networking company, and Nynex (now Verizon Communications), where he was part of its Science and Technology Division. Mr. Antoun earned a Bachelor of Science degree in Engineering from the University of Louisiana at Lafayette and a Master’s degree in Information Systems Engineering from Polytechnic Institute of New York University. |
Mary Gustafsson |
Ms. Mary Beth Gustafsson is Executive Vice President, General Counsel, Secretary of First Solar Inc. She joined First Solar in October 2008 as Vice President, General Counsel and was named Executive Vice President, General Counsel and Secretary in November 2009. Prior to joining First Solar, Ms. Gustafsson was the Senior Vice President, General Counsel and Secretary of Trane Inc. (formerly American Standard Companies Inc.) from January 2005 through June 2008. From June 2008 through September 2008, Ms. Gustafsson was Vice President and Deputy General Counsel of Ingersoll-Rand Ltd., following Ingersoll-Rand’s acquisition of Trane. From 2001 through 2005, Ms. Gustafsson held positions of increasing responsibility at American Standard Companies Inc., including Chief Corporate Counsel and General Counsel for the company’s global air conditioning business. Ms. Gustafsson holds a B.A. in English Literature from Boston University and a J.D. from The University of Michigan Law School. |
Carol Campbell |
Ms. Carol Campbell is Executive Vice President - Human Resources of First Solar Inc. She joined First Solar in March 2006 as Director of Human Resources and was named Vice President of Human Resources in March 2007. She became the Company’s Executive Vice President of Human Resources in November 2009. Prior to joining First Solar, she was the Regional Director of Human Resources for North America at the Dana Corporation, where she was responsible for all Dana plants in the United States, Canada, and Mexico. Ms. Campbell was with Dana for 20 years, progressing through levels of greater responsibility in the Legal and Human Resource Departments. Ms. Campbell holds a Professional Human Resources through the Society of Human Resources Management and has experience developing and running effective HR organizations in complex and rapidly changing environments. Ms. Campbell holds a B.A. in Business from Heidelberg College. |
Maja Wessels |
Ms. Maja Wessels is Executive Vice President - Global Public Affairs of First Solar Inc. She joined First Solar in May 2008 as Vice President of Government Affairs for the Europe, Middle East and Africa region and was named Executive Vice President, Public Affairs in May 2009. Prior to joining First Solar, Ms. Wessels served four years as senior vice president, Government Affairs at Honeywell for the EMEA region and three years as President, United Technologies International Operations for Europe. Ms. Wessels chaired the American Electronics Industry Association Europe from 2006 to 2007, and prior to that she was president of the American Chamber of Commerce to the EU from 2003 to 2007. From 1997 to 2000 she was employed by Daimler Chrysler as vice president of Government Affairs in Europe. Ms Wessels holds a B.A. from Dartmouth College and a master’s degree in international economics and European studies from the School of Advanced International Studies of Johns Hopkins University. |
Raffi Garabedian |
Mr. Raffi Garabedian is Chief Technology Officer of First Solar, Inc. Mr. Garabedian joined First Solar in 2008 as Director of Disruptive Technologies, and was promoted to Vice President of Advanced Technologies in 2010, overseeing the Company’s advanced research and development operations in Santa Clara, California. Prior to joining First Solar, he was founder and CEO of Touchdown Technologies, a semiconductor test equipment company. Prior to that, Mr. Garabedian worked in the semiconductor and microelectromechanical systems industries for over 15 years, developing new products ranging from automotive sensors to telecommunications switching systems, and holds more than 20 issued patents in these fields. Mr. Garabedian earned a BSEE degree from Rensselaer Polytechnic University and an MSEE degree from the University of California at Davis. |
Richard Chapman |
Mr. Richard Chapman is Independent Director of First Solar Inc., since May 23, 2012. He serves as the Chief Financial Officer of Walton Enterprises, Inc., where he has worked since 1983. Mr. Chapman currently serves on the boards of directors of the Arvest Bank Group, the holding company for a diversified financial services company; the University of Arkansas Foundation Board, where he serves on the Executive and Finance Committees; the Razorback Foundation, where he is a member of the Investment Committee; and the Fayetteville Campus Foundation of the University of Arkansas. Mr. Chapman also serves on the boards of directors of the Crystal Bridges Museum of American Art, where he sits on the Executive and Investment Committees; and the Walton Charitable Support Foundation. Mr. Chapman was previously a member of the Board of Managers of First Solar Holdings, LLC prior to the Company going public and JWMA (formerly True North Partners, L.L.C.), an equity investment firm. Prior to joining Walton Enterprises, Mr. Chapman worked from 1976-1983 in London, England and Little Rock, Arkansas, for the accounting firm of PricewaterhouseCoopers. A Certified Public Accountant (inactive), Mr. Chapman holds a B.S.B.A. in Accounting from the University of Arkansas. |
Craig Kennedy |
Mr. Craig Kennedy is Independent Director of First Solar Inc. Since 1995, Mr. Kennedy has been president of the German Marshall Fund, an independent American organization created in 1972 as a permanent memorial to the Marshall Plan. The German Marshall Fund sponsors a wide range of programs related to foreign, economic, immigration and environmental policy, and it operates a number of political exchanges between the United States and Europe with a special emphasis on Germany. Mr. Kennedy began his career in 1980 as a program officer at the Joyce Foundation in Chicago. Mr. Kennedy was president of the Joyce Foundation between 1986 and 1992, where he built the Foundation’s environmental program and launched a new program on U.S. immigration policy. Mr. Kennedy left the Joyce Foundation to work for Richard J. Dennis, a Chicago investor and philanthropist. During this same period, Mr. Kennedy created a consulting firm working with nonprofit and public sector clients. Mr. Kennedy serves on the boards of the nonprofit Thomas B. Fordham Foundation and the European Foundation Center. Mr. Kennedy is audit committee chair of the Invesco Van Kampen Closed-End-Funds. Mr. Kennedy holds a B.A., an M.A. and an MBA from the University of Chicago. Mr. Kennedy’s deep public policy experience and global perspective are resources to the Company, as business is impacted by public policy issues on a global scale. |
James Nolan |
Mr. James F. Nolan is Independent Director of First Solar Inc. Mr. Nolan served as the vice president of operations with Solar Cells, Inc., the predecessor to First Solar, and was responsible for research, development and manufacturing operations. He designed and built early prototype equipment for First Solar’s pilot manufacturing line and led the team that developed the process for producing area thin film cadmium telluride solar modules. Mr. Nolan worked as a part-time consultant for First Solar from November 2000 until March 2007. Mr. Nolan has over 35 years of experience in physics, engineering, research and development, manufacturing and process design with companies such as Westinghouse, Owens Illinois, Glasstech and Photonics Systems. Mr. Nolan holds more than 10 patents in areas of flat panel electronic displays and photovoltaic devices and processes. Mr. Nolan earned his B.S. in Physics from the University of Scranton (Pennsylvania) and a PhD in Physics from the University of Pittsburgh. Mr. Nolan provides the board with experience in engineering, research and development and manufacturing and process design, obtained through his work at the predecessor to First Solar and other companies throughout his career. |
William Post |
Mr. William J. Post is Independent Director of First Solar Inc. Mr. Post retired as chairman and chief executive officer of Pinnacle West Capital Corporation in April 2009, and he retired from the board of directors of Pinnacle West in May 2010. He joined Arizona Public Service (the subsidiary of Pinnacle West and the electric utility in Arizona) in 1973 and held various officer positions at APS beginning in 1982 including: vice president and controller, vice president of finance and regulation, chief operating officer, president and chief executive officer. He became president of Pinnacle West in 1997, chief executive officer in 1999 and chairman of the board in 2001. Mr. Post joined the board of Arizona Public Service in 1995 and the board of Pinnacle West in 1997. Mr. Post is chairman of the board of Swift Transportation Corporation and of the Board of Trustees of Arizona State University, where he received a Bachelor of Science Degree in 1973. He also serves on the Boards of US Airways Group, Inc., Clear Energy Systems, Inc. and Blue Cross Blue Shield of Arizona. Mr. Post also currently serves on the boards of Translational Genomics Research Institute and the Thunderbird School of International Management, and has served in the past as chairman of Suncor Development Company, Stagg Information Systems, Nuclear Assurance Corporation, Nuclear Electric Insurance Limited, the Institute of Nuclear Power, and El Dorado Investment Company. He also served as a Director of Phelps Dodge Corporation from 2001 to 2007. Mr. Post brings to the board executive-level utility-sector experience, including a deep understanding of such sector within the southwestern United States, a core target market for the Company’s expanding systems business. |
J. Thomas Presby |
Mr. J. Thomas Presby, CPA, is Independent Director of First Solar Inc. Mr. Presby retired in 2002 from a 30-year career with Deloitte Touche Tohmatsu. At Deloitte, Mr. Presby held numerous positions in the United States and abroad, including the posts of deputy chairman and chief operating officer. Mr. Presby serves as a director, the audit committee chair and a member of the governance committee of World Fuel Services, Inc. Mr. Presby also serves as a director and the audit committee chair of INVESCO Ltd. and Tiffany & Co., and as a director, audit committee chair and member of the acquisition committee and the corporate governance and nominating committee of Examworks Group, Inc. Mr. Presby has previously served as a director of American Eagle Outfitters, Inc., TurboChef Technologies, Inc., PracticeWorks and GreenPoint Financial Corp. Mr. Presby is a Certified Public Accountant and holds an NACD Certificate of Director Education. Mr. Presby holds a BSEE from Rutgers University and an MBA from Carnegie Mellon University. |
Paul Stebbins |
Mr. Paul H. Stebbins is Independent Director of First Solar Inc. Mr. Stebbins has served as executive chairman of World Fuel Services Corporation since January 2012. Previously, Mr. Stebbins served as the chairman and chief executive officer of World Fuel since July 2002 and has served as a director of World Fuel since June 1995. Between July 2000 and 2002, Mr. Stebbins also served as president and chief operating officer of World Fuel. In 1985, Mr. Stebbins co-founded Trans-Tec Services, a global marine fuel service company acquired by World Fuel in 1995. Mr. Stebbins is a member of the Business Roundtable, an influential association of chief executive officers of U.S. companies. Mr. Stebbins brings to the board CEO-level experience in managing a global energy-related publicly-traded company. |
Michael Sweeney |
Mr. Michael T. Sweeney is Independent Director of First Solar Inc. Mr. Sweeney has served as a director of Steinway Musical Instruments, Inc. since April 2011, chairman of the board since July 2011 and president and chief executive officer since October 2011. Mr. Sweeney has served as chairman of the board of Star Tribune Media Holdings, the holding company for the Minneapolis Star Tribune, since September 2009. He also remains a partner in Goldner Hawn Johnson & Morrison, Inc. (GHJM), a private equity firm. Mr. Sweeney joined GHJM in 2000 and served as that firm’s managing partner from 2001 through 2008. He had previously served as president of Starbucks Coffee Company (UK) Ltd. in London and held various operating management and corporate finance roles. Mr. Sweeney’s background in investment banking and private equity, as well as his operating company business acumen, are resources to the board and the Company, particularly with respect to the board’s consideration of compensation and financial matters and strategic investments. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
James Hughes |
-- |
Mark Widmar |
3,438,900 |
Georges Antoun |
-- |
Mary Gustafsson |
1,681,460 |
Carol Campbell |
-- |
Maja Wessels |
1,975,640 |
Raffi Garabedian |
-- |
Richard Chapman |
-- |
Craig Kennedy |
-- |
James Nolan |
-- |
William Post |
-- |
J. Thomas Presby |
-- |
Paul Stebbins |
-- |
Michael Sweeney |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
James Hughes |
0 | 0 |
Mark Widmar |
0 | 0 |
Georges Antoun |
0 | 0 |
Mary Gustafsson |
0 | 0 |
Carol Campbell |
0 | 0 |
Maja Wessels |
0 | 0 |
Raffi Garabedian |
0 | 0 |
Richard Chapman |
0 | 0 |
Craig Kennedy |
0 | 0 |
James Nolan |
0 | 0 |
William Post |
0 | 0 |
J. Thomas Presby |
0 | 0 |
Paul Stebbins |
0 | 0 |
Michael Sweeney |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
GUSTAFSSON MARY ELIZABETH |
9,044 | $43.22 |
GARABEDIAN RAFFI |
5,404 | $45.17 |
GUSTAFSSON MARY ELIZABETH |
1,567 | $44.08 |
GARABEDIAN RAFFI |
317 | $44.08 |
GARABEDIAN RAFFI |
841 | $0.00 |
CAMPBELL CAROL |
2,157 | $0.00 |
CAMPBELL CAROL |
700 | $44.08 |
GUSTAFSSON MARY ELIZABETH |
3,076 | $0.00 |
GUSTAFSSON MARY ELIZABETH |
10,102 | $0.00 |
BROWN JAMES G JR |
5,684 | $0.00 |
GUSTAFSSON MARY ELIZABETH |
3,829 | $26.46 |
WIDMAR MARK R |
9,175 | $26.46 |
WIDMAR MARK R |
14,462 | $0.00 |
BROWN JAMES G JR |
2,102 | $26.46 |
WESSELS MAJA |
4,913 | $0.00 |
WIDMAR MARK R |
4,677 | $26.46 |
WESSELS MAJA |
1,595 | $26.46 |
CAMPBELL CAROL |
2,132 | $26.46 |
WIDMAR MARK R |
1,181 | $26.46 |
CAMPBELL CAROL |
2,706 | $26.46 |
WIDMAR MARK R |
3,744 | $0.00 |
GUSTAFSSON MARY ELIZABETH |
3,503 | $26.46 |
CAMPBELL CAROL |
8,339 | $0.00 |
WIDMAR MARK R |
19,881 | $0.00 |
CAMPBELL CAROL |
6,570 | $0.00 |
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