GT Solar International, Inc. (NASDAQ: SOLR), a global provider of
specialized equipment and technology for the solar power industry, today
announced that it has appointed David Gray, Ph.D., to the newly created
position of vice president, strategic development.
Dr. Gray will spearhead the company’s non-organic growth initiatives,
focusing on the acquisition of complementary products and technology,
and will also support the development and execution of business
strategies to drive organic growth. He will report directly to Tom
Zarrella, GT Solar’s president and chief executive officer.
“Our strong balance sheet puts us in a position to grow our company
organically and through the acquisition of complementary businesses and
technologies,” said Zarrella. “David is a passionate professional with a
significant amount of merger and acquisition experience and a
demonstrated ability to execute. He will be a valuable addition to our
team, and I look forward to his contributions as we continue to focus on
profitably expanding our business.”
Dr. Gray was most recently a managing director and head of technology
mergers and acquisitions at Canaccord Adams, an investment banking firm.
He previously served as managing director of SVB Alliant, the
investment-banking arm of SVB Financial Group, where he founded and grew
the company’s East Coast office, focusing on technology and life
sciences mergers and acquisitions and private capital. In his prior
position as a principal at Broadview International, Dr. Gray provided
strategic advisory services to public and private technology firms and
led execution on a wide range of successful technology transactions. He
began his career as a chemical engineer and then founded Aspect
International, an engineering design firm focused on the development and
licensing of advanced semiconductor process equipment.
Dr. Gray received his Bachelor of Science degree summa cum laude
from Carnegie Mellon University. He holds a master’s degree in business
administration from Stanford University and a doctorate degree in
chemical engineering/semiconductor processing from Massachusetts
Institute of Technology (MIT). Dr. Gray also holds several patents and
has authored 12 major technical publications.
About GT Solar International, Inc.
GT Solar International, Inc. (NASDAQ: SOLR) is a leading global provider
of specialized manufacturing equipment and services essential for the
production of photovoltaic wafers, cells and modules and polysilicon for
the solar power industry.
