San Jose, Calif. – July 22, 2010 – Stion, a manufacturer of high-efficiency thin-film solar panels, announced that Duston Williams has joined its Board of Directors as Audit Committee Chair.
Williams brings almost 30 years of financial experience to Stion’s board. He most recently held the position of Chief Financial Officer of Infinera Corporation (INFN), a leading manufacturer of high-capacity optical transmission equipment. In that role he oversaw all financial activities, leading the company’s $200 million IPO in June 2007 and a $200 million secondary offering in October 2007. Previously, he was CFO of Maxtor Corporation from 2004 until its 2006 acquisition by Seagate Technology (STX).
“Duston’s expansive experience in the financial operations of leading technology companies makes him a valuable asset to Stion’s board,” said Chet Farris, president and CEO of Stion. “We are excited to have him on our team and look forward to continued growth within Stion.”
Stion recently announced a $70M Series D financing and has begun expanding its San Jose, CA manufacturing facility to 100 MW. Stion’s panels are specifically designed for use in all major applications, including commercial / government, residential, utility and off-grid.
Stion is a US-based manufacturer of high-efficiency thin-film solar panels based on state-of-the-art materials and device technology and proven production processes. Stion was founded in 2006 and is backed by leading venture capital investors and corporate partners, including Khosla Ventures, VentureTech Alliance, Lightspeed Venture Partners, General Catalyst Partners, and Braemar Energy Ventures. www.stion.com