Morgan Solar Board Appoints Mike Andrade as CEO

TORONTO, June 29, 2016 /CNW/ - Morgan Solar Inc. has announced that its Board of Directors has appointed Mike Andrade as Chief Executive Officer and member of the Board of Directors.  

"As we launch the Sun Simba 4 solar panel, increase our sales activities and ramp up production capacity, I can think of no one better to lead Morgan Solar," said John Paul Morgan, founder and Chief Technology Officer.  "Mike has deep experience in competitive global markets, including solar. He has a proven track record of leading growth oriented transformations, which is very much where we are with Morgan Solar".  Andrade has 30 years of experience in the technology industry, most recently as President of Diversified Markets at Celestica.

"I have seen first-hand the challenge of balancing the high costs and capital required to increase solar efficiency with the dramatically decreasing market pricing," said Andrade. "Morgan Solar has among the best potential to offer both low production cost and high conversion efficiency. It also has the added bonus of a unique and aesthetically pleasing design that could open up new applications for solar technology.

"Ultimately, it gets down to whether you can manufacture with the cost, quality and delivery schedule to compete. In my experience, the most successful products are those whose design applies proven technologies to a new market and which relies on reasonably industry-standard building blocks. This enables them to leverage the innovation and proven reliability from established technologies and to scale quickly with high quality. I call this approach 'T-innovation' and Morgan's product is one of the best examples of it in the solar industry."

"Most importantly, I feel that Morgan Solar is an important company, especially for Canada. Its success helps with some of the key challenges we face today: addressing climate change; developing a globally competitive clean-tech ecosystem; and creating advanced manufacturing jobs in support of that mission. I have been fortunate to have the experiences I have had, and I would like to give back and try to make the world a better place for my children in terms of the environment they will live in and the economy that they will enter into.  Morgan Solar is the right vehicle for me to do that."

Andrade takes the helm from Asif Ansari, who has transitioned into his new role as Executive Advisor to the Board & Management, where he will increase his focus on strategic business development.

SOURCE Morgan Solar, Inc.

Hugo Navarro, VP Operations, [email protected]