Solar Trust of America to keep Schmidt as CEO for five more years
(ADPnews) - Oct 15, 2010 - US industrial solar solutions firm Solar Trust of America LLC said on Tuesday it had extended its employment contract with CEO and chairman, Uwe Schmidt, for a period of five years.
Schmidt has experience in the international energy and steel sectors, multinational supply chain management, structured trade finance and project management, Solar Trust said. He has also worked as president and CEO of Ferrostaal Incorporated, the American alternative energy unit of German construction and engineering firm Ferrostaal AG.
Solar Trust is a joint venture between solar thermal plants developer Solar Millennium (PINK:SMLNF) and Ferrostaal Inc. At present it is developing concentrated solar thermal power plants in southwestern USA.