Finavera Solar Energy announces changes to board of directors and senior management team

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Mr. Stadlin is founder and president of Kenergy Solar, a Washington, DC based solar installer. Founded in 2009, Kenergy has established a leading position in the residential and commercial sectors in the mid-Atlantic region.

As a member of the Board of Directors for Maryland DC Virginia Solar Energy Industries Association (MDV-SEIA), Ken has played an active role in ongoing policy developments in the Maryland and Washington DC markets. He has served as Chairman of the DC Policy Committee for MDV-SEIA. His broad knowledge of the industry is combined with practical knowledge and experience gained from developing over 7 MW of solar PV projects. He has a Bachelor of Arts Degree from the University of Virginia and an MBA from the University of Maryland.

Mr. Clark brings almost two decades of senior public affairs, branding and strategic communications experience to Finavera. He is currently a consultant in the natural resource and project development industry and is responsible for media relations, public affairs and stakeholder engagement for a variety of public and private companies.

Michael is formerly a Senior Vice President of Business Development for Finavera Wind Energy where he was responsible for stakeholder engagement, media relations and environmental assessment programs. Prior to joining Finavera Wind Energy, Michael worked for more than a decade as a radio and television journalist at the Canadian Broadcasting Corporation.

"Ken Stadlin brings a wealth of solar experience to our board of directors and will help Finavera's growth in the solar industry," said CEO Jason Bak. "Michael Clark brings significant marketing, public affairs and project development experience that will help us capitalize on the solar opportunity in front of us. Both will help us take advantage of the opportunity facing Finavera Solar Energy."

The Company also announces the resignations of Hein Poulus from the Company's Board of Directors and Peter Leighton as President and Chief Operating Officer. Mr. Poulus and Mr. Leighton are both leaving in order to pursue other opportunities.

"With the transition from wind energy to solar energy, both Mr. Poulus and Mr. Leighton decided to step aside and pursue other opportunities as we build a solar focused team," said Chairman and CEO Jason Bak. "Mr. Poulus has been a valued member of the Finavera team since it was founded and I would like to thank him for his many years of service. He helped guide our Company through early development while still private, the development of more than 360 MW of wind projects, and the transition to the residential solar installation industry. Mr. Leighton provided positive leadership to our team of project developers and helped Finavera secure four power purchase agreements for wind projects in British Columbia. I would like to thank Hein and Peter for their contributions and wish them the best of luck in their future endeavors."

Jason Bak, Founder, CEO and Director of Finavera, will replace Mr. Poulus as Chairman.

http://www.finavera.com