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Nanosolar Appoints Karl Steigele President and COO, Announces Executive Changes

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Nanosolar Inc. announced the appointment of Karl Steigele, a seasoned IBM executive, to the newly created position of president and chief operating officer, and the departure of CEO Eugenia Corrales, who has left the company to pursue other ventures. In addition, Guido Polko, will strengthen his role as executive chairman of Nanosolar’s board of directors, taking a more active role in the company.

“We welcome Karl to Nanosolar and look forward to Guido’s continued leadership,” said Erik Straser, partner at Mohr Davidow Ventures and a Nanosolar board member.

Steigele is a seasoned executive who brings 40 years of manufacturing and strategic management experience to Nanosolar. He spent more than 30 years in international management and consulting at IBM, where he worked with Fortune 500 global manufacturing companies, including Intel, Hitachi, ABB, Thomson, Siemens, Sony and McKesson, among others.

“Based on our printed and low-cost CIGS manufacturing technology, Nanosolar is well positioned for global growth as the company approaches completion of its largest solar site in Europe,” said Polko. “We want to thank Eugenia Corrales for her substantial contributions to Nanosolar, with respect to the build-out of the manufacturing capabilities and the commercialization of Nanosolar’s first product.”

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