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First Solar expands board with two nominees

12 Apr 2012

US-based First Solar has nominated George Hambro and Richard Chapman for election to its board of directors, expanding the board size from nine to 11, while it also seeks additional independent directors.

The company has confirmed that Chapman will serve as an independent director and that José Villarreal who has been a director since 2007, will retire from the board due to personal reasons and will not be wishing to enter for reelection at the Annual Meeting.

Mike Ahearn, First Solar’s chairman and interim CEO, said, ‘We are pleased to be adding two distinguished candidates to the First Solar board of directors. Chip and Rick are both knowledgeable about First Solar’s strategy and operations and have diverse experience and expertise that will make them valuable additions to our board. We are also committed to further expanding our board by adding two additional independent directors to support our long-term strategic plan.

‘On behalf of the First Solar board of directors, I extend my gratitude to José, who has been an engaged and dedicated director for the past five years.’

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