GreenVolts Gets New CEO

GreenVolts has hired David Gudmundson as CEO, the company said.

The company, which also has moved its headquarters from SanFrancisco to Fremont across the bay, had been helmed by chief financialofficer Gary Beasley ever since founder Bob Cart left the post this past spring to become chairman. 

Back in spring, the company also said it would change its focus fromproject development to equipment engineering. GreenVolts’ technologymakes use of mirrors to concentrate the sunlight onto solar cells forelectricity generation. The system is mounted on a dual-axis trackercalled CarouSol.   

Beasley isn’t staying at GreenVolts. He’s leaving to "pursue a career in private equity," the company said in a press release.

So who is Gudmundson? He came from the networking equipment business. He joined UDS Uniphase in 2003as vice president of business development. His role expanded to includecorporate marketing before he became an executive vice president andthe president of the optical communications product group, leading a3,000-person team, GreenVolts said.

Gudmundson didn’t stay in the role of president before he joined GreenVolts, however. In October 2008, JDS Uniphase (NSDQ: JDSU) announced Gudmundson would step aside from that role to become vice president and senior advisor for optical technologies.

The announcement came four days after JDS Uniphase’s CEO KevinKennedy resigned; he was to continue to be a member of the board andits vice chairman.

Before JDS Uniphase, Gudmundson worked for Cisco Systems. He was agroup vice president and general manager, and played a key role in thecompany’s entry into the router, broadband and security server markets,GreenVolts said.

Before Cisco, he was an engineer at ArgoSystems, which is now asubsidiary of Boeing, as well as at ESL Inc., which is part of NorthropGrumman.

Founded in 2005, GreenVolts has raised nearly $45 million in equity.

GreenVolts won recognition for signing a deal to sell electricity tothe Pacific Gas and Electric from a 2-megawatt project in northernCalifornia. The company has suffered setbacks in completing that project.

In an interview with Greentech Media in March this year, Cart saidthe company wanted to complete generation-two technology beforefinishing the project. The engineers were working on changing thedesigns of several parts, including the mirrors and the receiver, whichis made up of a sola cell, a lens and a device to dissipate heat. 



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