17.01.11

Evergreen Solar: New CFO named

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Marlboro, Massachusetts - Evergreen Solar, Inc. (NasdaqCM: ESLRD), a manufacturer of String Ribbon(R) solar power products with its proprietary, low-cost silicon wafer technology, today announced the appointment of Donald W. Reilly, 51, as chief financial officer. Reilly replaces Paul Kawa who had been serving as interim chief financial officer since September, 2010 when Michael El-Hillow, former chief financial officer, was appointed president and CEO. Mr. Kawa will resume his responsibilities as Evergreen Solar’s corporate controller.

Reilly has served as a senior financial officer at several multinational companies, most recently as chief financial officer of GTECH Corporation, a subsidiary of Lottomatica S.p.A. He has held similar executive financial positions at Amtrol, Inc. and A.T. Cross Company where he was instrumental in helping these companies manage significant growth internationally. Earlier in his career, he was an audit senior manager at Ernst & Young.

Evergreen Solar president and CEO Michael El-Hillow said, “Don is a seasoned executive with more than 30 years of operating and corporate financial experience. He will be a tremendous asset to Evergreen Solar during our next stage of growth as we further leverage our low cost manufacturing technology to produce String Ribbon wafers and position us as a major supplier of PV solar technology into markets throughout Asia, Europe and North America.”

Reilly received a Bachelor of Science degree from Providence College, and is a Certified Public Accountant.

About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets String Ribbon(R) solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar(R) and String Ribbon(R) are registered trademarks of Evergreen Solar, Inc.

SOURCE: Evergreen Solar, Inc.
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