Ascent Solar appoints Bill Gregorak to CFO
Solar panel manufacturer Ascent Solar Technologies, Inc. has appointed Bill Gregorak as its newest CFO.
Gregorak will be leaving his previous post as VP and CFO of Thule Organized Solutions, a consumer products manufacturer sold under the Case Logic and Thule brands. His experience with public company financial reporting, internal controls, and mergers and acquisitions will inform his role at Ascent Solar.
“We are delighted to welcome Bill to our executive team," said Ascent CEO Victor Lee. "He brings extensive experience in both technology and consumer products businesses with highly respected companies. His background in larger organizations, especially in the consumer oriented businesses, will be invaluable as Ascent Solar executes its B2C expansion strategies.”
Previously, Gregorak also held roles as VP and corporate controller for Advanced Energy and Xilinx Corporations, as well as 17 years spent at Hewlett-Packard in a financial capacity.
Newell Rubbermaid completes sale
Atlanta-based Newell Rubbermaid announced it has closed the sale of its Hardware business, which includes the Amerock, Ashland, Bulldog and Shur-Line brands, to Nova Capital, a specialist acquirer of corporate and private equity portfolios.
The transaction was first announced Aug. 9.
The transaction provides Newell Rubbermaid with a more cohesive and focused portfolio of brands in five core business segments, the company said. As previously announced, gross proceeds from the transaction were $214 million, which includes the retention of accounts receivable. The company will receive after-tax cash proceeds of approximately $175 million.