Spire Announces Retirement of Founder and CEO, Roger G. Little
BEDFORD, Mass. -- November 26, 2013
Spire Corporation ("Spire" or the "Company") (OTCQB:SPIR), a global solar
company providing capital equipment and turn-key manufacturing lines to
produce photovoltaic ("PV") modules, engineering, procurement and construction
integration services for solar systems and optoelectronics thin film services,
announced that Roger G. Little would retire as Chief Executive Officer and
President of Spire Corporation, effective as of the close of business on
December31, 2013. Mr. Little will continue to serve as Chairman of the Board
of Directors of the Company.
Since founding the Company in 1969, Mr. Little has served as the Company's
Chairman, Chief Executive Officer and President. The Board expressed sincere
appreciation to Mr. Little for his leadership, dedication and tireless
commitment throughout his years of service with the business, and wished him
continued success in the future.
Mr. Roger G. Little, Chairman, Chief Executive Officer and President, said,
"As I transition to a new phase in my life, I expect to stay active in the PV
market space and will remain connected to the people at Spire that I have come
in contact with over the years. Spire is positioned to capitalize on expected
market growth in 2014 and beyond and accordingly, now is the time to
transition leadership to guide the Company though its next phase of
On November 21, 2013, the Board of Directors of the Company appointed Rodger
W. LaFavre, the Company's current Chief Operating Officer, as Chief Executive
Officer and President of the Company, effective January 1, 2014. Mr. LaFavre
joined the Company in 2000 as Vice President, Utility Marketing of Spire Solar
Operations. He was named Vice President and Chief Financial Officer of Spire
Solar in June 2002, Chief Operating Officer of Spire Solar in November 2002
and Chief Operating Officer of Spire Corporation in February 2005. Prior to
joining the Company, Mr. LaFavre was Vice President of Stone & Webster
Engineering Corporation, a worldwide engineering and construction company,
where he was responsible for business development, corporate planning and the
"Roger Little has been an exemplary leader during his tenure with the Company.
I am both honored and excited to take on this new opportunity and follow Mr.
Little in this role. He has led the Company with exceptional skill, commitment
and passion," said Mr.LaFavre.
About Spire Corporation
Spire Corporation is a global solar company providing technology, equipment
and turn-key production lines to manufacture PV modules and providing
optoelectronics thin film services. For further details on the Company and its
products, please visit www.spirecorp.com.
Certain matters described in this press release including those relating to
Spire’s prospects for growth constitute forward-looking statements under the
federal securities laws. The discussion of forward-looking information
requires management of the Company to make certain estimates and assumptions
regarding the Company’s strategic duration and the effect of such plans on the
Company’s financial results. These forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ materially
from those indicated in the forward-looking statements. Such risks and
uncertainties include, but are not limited to, the risk of dependence on
market growth, competition and dependence on government agencies and other
third parties for funding contract research and services, as well as other
factors described in the Company's Form10-K and other periodic reports filed
with the Securities and Exchange Commission. Forward-looking statements
contained in the press release speak only as of the date of this release.
Subsequent events or circumstances occurring after such date may render these
statements incomplete or out of date. The Company undertakes no obligation and
expressly disclaims any duty to update such statements.
Roger G. Little, 781-275-6000
Chairman & CEO
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