SAN ANTONIO--(BUSINESS WIRE)--Sunrise Solar Corp. (OTCBB:SSLR) today announced a key management team appointment that will help position the Company to take full advantage of domestic and international opportunities in the solar marketplace. James “Jim” T. Kesaris, a proven senior executive with extensive financial and operational experience, has been named to the Company’s Board of Directors. In addition, Kesaris, most recently Senior Vice President and Chief Financial Officer at USE Credit Union in San Diego, CA, will be responsible for designing the Company’s internal financial control procedures and establishing the Audit and Compensation Committees.
“Financial and operational excellence is a large part of the critical foundation for building a scalable, profitable business," noted Eddie Austin, Jr., Chairman and CEO of Sunrise Solar Corp. "With Jim's experience leading financial and operations teams and his proven track record, I'm confident he will help secure Sunrise Solar as a major player in the rapidly expanding worldwide solar industry.”
“Over the past 9 months we have developed a solar business model for the Company and have made significant progress in implementing that model, despite an economically challenging environment. I am happy to report that we have reached that point in our evolution where we need to enhance and expand the leadership team in order to effectively manage and deliver on the contracts we are generating. I am pleased to welcome Jim to the Company as we embark on this next phase of our growth,” added Austin.
"I believe Sunrise Solar is uniquely positioned to take advantage of domestic and international opportunities in the solar industry and establish itself as a leading provider of highly integrated solar solutions," said Kesaris. "I look forward to working with the management team to deliver, both on our commitments to our customers and increased shareholder value to the investing community."
About James T. Kesaris
Over the past 15 years, Mr. Kesaris has held senior-level management positions requiring hands-on, entrepreneurial leadership of the company's financial and key administrative functions, while serving as a close advisor to the CEO and the executive management team, on both day to day operations, and long-term strategic issues. These positions were held with privately and publicly-held companies, ranging in size from start-up to multi-billion dollar international businesses, and operating in various industries such as, financial services, investment banking, wealth management, high-tech manufacturing, marketing and distribution of branded consumer products, and Big 4 public accounting. In addition, he has worked in rapid and emerging-growth environments, as well as cash constrained and turnaround situations.
Most recently, he held the position of SVP-CFO at USE Bank, an $850 million middle-market financial institution that provided a wide range of consumer-based financial products and services. As CFO, had full balance sheet and P&L responsibility, which included the A/L management of the loan and investment portfolios, as well as customer deposits, and short and long-term credit lines from various financial institutions.
Prior to his position at USE, Kesaris held various financial and operational roles at companies such at Peninsula Holdings Group, Next Nutrition, and Chromalloy Gas Turbine in addition to serving as the CFO of the San Diego Chargers. Kesaris holds an M.B.A. and B.A. in Electrical Engineering, both from the University of Illinois and is a registered CPA.
About Sunrise Solar Corporation
Sunrise Solar Corporation intends to commercialize and distribute cutting edge alternative solar energy technologies and equipment. Sunrise also intends to capitalize on its institutional knowledge of emerging alternative energy technologies to develop comprehensive alternative energy plans. Sunrise Solar common stock is traded under the symbol SSLR. For more information please visit http://www.sunrisesolarcorp.com.
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