HelioVolt Seeks New CEO

Feb 9 2009 | 9:33am ET

Austin-based, thin-film solar start-up HelioVolt has replaced CEO B.J. Stanbery with a board member while it seeks a permanent chief executive.

The company says founder Stanbery will remain its chief strategy officer and board chair. Ron Bernal, a board member and partner at Sequel Venture Partners, will serve as interim CEO.

HelioVolt has also named Sanjeev Kumar, former chief financial officer of Conversion Devices, as its CFO.

HelioVolt is one of a handful of CIGS companies (those producing solar panels from copper, indium, gallium and selenium) that has recently secured VC funding. HelioVolt, Nanosolar, Miasolé, Solyndra and SoloPower have together raised over $1 billion to develop technologies and build factories.

HelioVolt raised $101 million alone for its Series B round in 2007 from investors including Sequel Venture Partners, Noventi Ventures, Passport Capital and Masdar Clean Tech Fund.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...