Aug 15, 2012 - US photovoltaic (PV) product developer DayStar Technologies (NASDAQ:DSTI) said Tuesday that Dale Hoover had been appointed as chief financial officer, vice president and corporate secretary as of August 7.
Hoover, who is a certified public accountant, a certified management accountant and is certified in corporate financial management, will report to the company’s interim chief executive officer Peter Lacey.
Before taking the post at DayStar, Hoover served as controller of the civil group of Tutor Perini Corporation from December 2006 to February 2012.
As part of his employment contract, Hoover will receive 200,000 shares of restricted stock, to be vested in equal instalments over the 12 months after the date of the grant.
Additionally, DayStar’s directors approved on August 7 an expansion of the size of the board from five members to nine members and proposed the appointment of four new independent directors Denis Mimeault, Ruben Dos Reis, John Terrence Betham, and Ronald Garry Yost.