In Another SunEdison Departure, CFO Designee Ilan Daskal Resigns
June 28 2016 - 9:40PM
Dow Jones News
Ilan Daskal has resigned from SunEdison Inc. a few months after
he was named chief financial officer designee of the solar power
company.
SunEdison, which filed for bankruptcy in April, said last week
that Chief Executive Ahmad Chatila resigned.
On Tuesday, the company named Philip J. Gund as CFO. Mr. Gund is
a senior managing director of consulting firm Ankura Consulting
Group LLC and a former chief restructuring officer for prepaid
phone-card company Vivaro Corp.
SunEdison said March 11 that Mr. Daskal would become CFO
designee and said CFO Brian Wuebbels would focus on his role as CEO
of SunEdison's yieldcos TerraForm Power and TerraForm Global. On
March 30, the yieldcos said Mr. Wuebbels departed.
SunEdison said in a May 12 filing that Mr. Wuebbels was given a
formal 30-day notice that his employment was terminated.
SunEdison grew rapidly and had a market value that approached
$10 billion in 2015. But its debt-fueled expansion was hurt by
falling oil prices and turbulence in capital markets.
Mr. Daskal is a former interim CFO of design and engineering
company Aricent and a former financial chief of molecular
diagnostics company Cepheid.
Another Ankora senior managing director, Salvatore LoBiondo Jr.,
has been named SunEdison's corporate controller, a post that has
been open since the beginning of the company's bankruptcy
process.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 28, 2016 21:25 ET (01:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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