GT Solar announces Richard J. Gaynor as CFO

16 February of 2010 by

GT Solar International Inc., a global provider of specializedproduction equipment, process technology and turnkey manufacturingservices for the solar power industry, announced that Richard J. Gaynorhas been appointed chief financial officer, effective March 1. Gaynorfills the CFO position vacated by his predecessor in May 2009.

Gaynorbrings to GT Solar a wealth of financial management experience over thelast 23 years at global public technology companies. Most recently hewas CFO at Sonus Networks, a provider of voice over IP infrastructuresolutions for wireline and wireless service providers. Prior to SonusNetworks, he served as CFO at Sycamore Networks (SCMR), a globalprovider of intelligent optical networking hardware and softwareproducts.

“We are delighted to have an executive of RickGaynor’s caliber and experience on board to lead our financeorganization during our next stages of development and growth,” saidTom Gutierrez, president and chief executive officer. “Rick bringsextensive financial control and international tax experience to GTSolar and he has been an effective leader at other globalR&D-oriented technology companies. I look forward to him serving akey role on the senior leadership team at GT Solar in the years aheadin support of our strategy and initiatives to deliver value to ourshareholders. We welcome Rick to the team.

“I also want toacknowledge the strong contributions by our vice president of finance,Rich Johnson, over the last eight months in leading the financeorganization during our search for a new CFO,” said Gutierrez. “We aregrateful for his dedication to GT Solar during the transition andfortunate to have his continued services as a key member of the financeteam as our newly named vice president and chief accounting officer.”

“Thisis a great opportunity to lead the financial organization for amarket-leader like GT Solar,” said Gaynor. “I look forward to workingwith Tom and the rest of the organization to build upon the successthat GT has achieved to date and develop a financial strategy tosupport the organization’s next stages of growth.”

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