First Solar, Inc. FSLR -3.50% today announced that it nominated two new candidates for election to the Company’s Board of Directors and that it has expanded the size of the Board to eleven from nine, creating two vacancies as it continues to seek additional independent directors. As detailed in its Proxy Statement, which was filed today with the Securities and Exchange Commission, First Solar nominated George “Chip” Hambro and Richard “Rick” Chapman to stand for election to the Board at the Company’s Annual Meeting of Stockholders, which will be held on May 23, 2012. Chapman will serve as an independent director.
To fill the two new vacancies, First Solar has retained an executive search firm to help identify candidates with experience that will support the Company’s strategy to compete as a vertically integrated provider of photovoltaic power plants in energy markets that are sustainable without subsidies.
The Company also announced that José Villarreal, a director since 2007, will retire from the Board due to personal commitments and will not seek reelection at the Annual Meeting.
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To fill the two new vacancies, First Solar has retained an executive search firm to help identify candidates with experience that will support the Company’s strategy to compete as a vertically integrated provider of photovoltaic power plants in energy markets that are sustainable without subsidies.
The Company also announced that José Villarreal, a director since 2007, will retire from the Board due to personal commitments and will not seek reelection at the Annual Meeting.
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