New CEO for revamped REC Silicon

Ole Enger is on his way out of REC

Ole Enger is on his way out of REC

Ole Enger, chief executive of REC for nearly five years, will step down from 1 December, as the company embarks on a new – and highly uncertain – future as a standalone polysilicon producer.

Tore Torvund, executive vice president for REC Silicon since 2009, will take the reins from Enger as chief executive of the new REC - today officially renamed as REC Silicon.

REC chief financial officer Kjell Christian Bjørnsen will be replaced by James May, currently chief financial officer of REC Silicon.

REC Silicon saw its third-quarter operating loss halve to NKr135m ($22.9m), as revenues grew 6% year-on-year to NKr738m.

REC Solar, meanwhile, netted an operating profit of NKr26m, a huge improvement over the loss of NKr287m it posted during the same quarter last year, with turnover up 5% Log in to read complete article.

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