Entech Solar Announces Changes to Finance & Accounting Organization

FORT WORTH, Texas--(BUSINESS WIRE)--Entech Solar (OTC BB: ENSL.OB), a leading developer of concentrating solar energy systems, today announced the restructuring of its Finance & Accounting (F&A) organization. This restructuring reflects the recently announced changes in the Company’s strategic direction, including the suspension of manufacturing operations for its current generation of concentrating solar systems in order to focus all resources on the rapid development and commercialization of its next generation products. The Company believes the new modules will provide a more competitive value proposition and address a larger market than the current product portfolio.

Effective immediately, the F&A group will be led by Sandy Martin, Corporate Controller and Chief Accounting Officer, reporting to Frank W. Smith, Chief Executive Officer. Ms. Martin will be located at the Company’s Fort Worth, Texas headquarters and will replace James Vittor, who will continue with the Company in New Jersey until later this year when the transition of the finance staff to Fort Worth is complete. In addition, and as a consequence of Entech’s restructuring, Kent Van Houten, Chief Financial Officer, has left the Company.

Sandy Martin is a CPA, with over 25 years of financial management experience, including significant expertise in SEC filings, financial planning and analysis, and investor relations. Sandy was previously Vice President, Investor Relations for Sally Beauty Holdings; Director of Financial Planning & Analysis for Pier 1 Imports; and a Senior Auditor with Touché Ross. She earned an MBA from the M.J. Neeley School of Business at Texas Christian University and a BBA in Accounting from the University of Texas at Arlington.