PrintDayStar Technologies Appoints Magnus Ryde as CEO
Posted on February 18, 2010 @ 11:37 am
DayStar Technologies, Inc., a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced that Magnus Ryde has been appointed chief executive officer and director of the company’s board of directors.
Ryde brings a wealth of experience to DayStar. He formerly served as president of TSMC-USA, Taiwan semiconductor manufacturing company’s U.S. operations. He also held numerous senior executive positions during his 18 year tenure at KLA-Tencor, the world’s leading supplier of process control and yield management solutions for the semiconductor and related industries, including vice president of worldwide field operations, manufacturing manager, product marketing manager, KLA Europe director, and VP of corporate sales. He is a graduate of Linkoping University of Sweden and received his Industrial Engineering MS degree from Stanford University.
In welcoming Ryde to DayStar, DayStar chairman of the board, Peter Lacey said, “Magnus is an executive possessing a unique combination of skills and experiences that make him the ideal leader for DayStar as the company commercializes its CIGS PV modules. Magnus has extensive experience with world class semiconductor manufacturers and high technology companies.”
“I am excited to lead DayStar through the next phase of growth as we commercialize our unique thin-film PV technology,” said Ryde. “DayStar has a robust technology roadmap which calls for commercial CIGS PV modules with a conversion efficiency of greater than 13 percent and less than $0.85 cost per watt at full production scale. There is wide consensus that CIGS is the most promising photovoltaic thin-film platform. DayStar has demonstrated repeatable high efficiency CIGS with its one-step sputter deposition process and I am confident in our ability to scale this process and commercialize our product.”
Ryde assumed his CEO duties at DayStar and joined the Board of Directors effective Feb. 15, 2010. DayStar also announced that William Steckel resigned from his positions of CEO and CFO on February 15, 2010. Steckel will continue to serve on DayStar’s board of directors.
“On behalf of the DayStar board of directors, I’d like to thank Bill Steckel for his excellent service to the company and I look forward to his continued contributions as a director of DayStar,” said Lacey.
Ryde brings a wealth of experience to DayStar. He formerly served as president of TSMC-USA, Taiwan semiconductor manufacturing company’s U.S. operations. He also held numerous senior executive positions during his 18 year tenure at KLA-Tencor, the world’s leading supplier of process control and yield management solutions for the semiconductor and related industries, including vice president of worldwide field operations, manufacturing manager, product marketing manager, KLA Europe director, and VP of corporate sales. He is a graduate of Linkoping University of Sweden and received his Industrial Engineering MS degree from Stanford University.
“I am excited to lead DayStar through the next phase of growth as we commercialize our unique thin-film PV technology,” said Ryde. “DayStar has a robust technology roadmap which calls for commercial CIGS PV modules with a conversion efficiency of greater than 13 percent and less than $0.85 cost per watt at full production scale. There is wide consensus that CIGS is the most promising photovoltaic thin-film platform. DayStar has demonstrated repeatable high efficiency CIGS with its one-step sputter deposition process and I am confident in our ability to scale this process and commercialize our product.”
Ryde assumed his CEO duties at DayStar and joined the Board of Directors effective Feb. 15, 2010. DayStar also announced that William Steckel resigned from his positions of CEO and CFO on February 15, 2010. Steckel will continue to serve on DayStar’s board of directors.
“On behalf of the DayStar board of directors, I’d like to thank Bill Steckel for his excellent service to the company and I look forward to his continued contributions as a director of DayStar,” said Lacey.
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