Evergreen Solar Senior VP To Leave

MARLBORO, Mass. (AP) -- Evergreen Solar Inc. said Thursday that Senior Vice President of Marketing and Sales Terry Bailey will be leaving later this month to become CEO of a venture-backed California solar company.

Evergreen said Chairman, President and CEO Richard Feldt, 56, will handle the marketing and sales responsibilities on an interim basis after Bailey's departure. Chief Financial Officer Michael El-Hillow, 56, will assume the responsibilities for global operations and administration in addition to his other duties.

Evergreen develops, makes and markets solar power products using proprietary silicon wafer technology.

The company's stock fell 7 cents, or 3.5 percent, to $1.91 in afternoon trading. Over the past year, the shares have traded in a range of $1 to $6.58.