Satcon Technology Corp fka SATCQ

[SuperSquirrel]

Satcon® Appoints New Chief Financial Officer
Satcon Technology Corp. (MM) (NASDAQ:SATC)

Today : Friday 13 May 2011

Satcon Technology Corporation® (NASDAQ CM:SATC), a leading provider of utility scale power conversion solutions for the renewable energy market, today announced that its Board of Directors has appointed Aaron M. Gomolak to be its Executive Vice President, Chief Financial Officer and Treasurer effective May 11, 2011, replacing Donald R. Peck.

Mr. Gomolak has been working at Satcon in several roles since May of 2008, both as a consultant handling the company’s financials from 2008 to 2010, and most recently as the company’s Senior Vice President of Global Operations.

Steve Rhoades, Satcon’s President and Chief Executive Officer said, “I want to thank Don Peck for his important contributions to our company over the past year which enabled us to successfully recapitalize.”

“I am pleased to have Aaron Gomolak as part of my leadership team as we take the company to the next level of growth and profitability,” continued Mr. Rhoades. “As we intensify our expansion into new markets and geographies with our industry leading utility solar solutions, Aaron’s deep international experience will be instrumental to Satcon’s long-term success.”

Prior to Satcon, Mr. Gomolak was with Advanced Energy Industries, Inc., a publicly traded company providing power conversion products to renewable energy markets, serving as their Vice President of Finance and Corporate Controller.

About Satcon

Satcon Technology Corporation is a leading provider of utility-grade power conversion solutions for the renewable energy market, enabling the industry's most advanced, reliable, and proven clean energy alternatives. For more than ten years, Satcon has designed and delivered advanced power conversion products that enable large-scale producers of renewable energy to convert the clean energy they produce into grid-connected efficient and reliable power. To learn more about Satcon, please visit http://www.Satcon.com.

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