17 February 2010


DayStar appoints new CEO

DayStar Technologies Inc of Santa Clara, CA, USA, which is developing copper indium gallium diselenide (CIGS) thin-film photovoltaic products, has appointed Magnus Ryde as chief executive officer and director of the company’s board of directors, effective 15 February 2010.

Prior to joining DayStar, Ryde was president of TSMC-USA, Taiwan Semiconductor Manufacturing Company’s operations in the USA. He also held numerous senior executive positions during his 18 years at KLA-Tencor, including vice president of Worldwide Field Operations, manufacturing manager, product marketing manager, KLA Europe Director, and VP of Corporate Sales.

Ryde is a graduate of Linkoping University, Sweden and received his Industrial Engineering MS degree from Stanford University, USA.

DayStar’s 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.”

William Steckel resigned from his positions of CEO and CFO on 15 February 2010, but continues to serve on DayStar’s board of directors.

See related item:

DayStar appoints business development expert and investment banker as independent directors

Search: DayStar CIGS