BELTSVILLE, Md.--(BUSINESS WIRE)--SunEdison, North America’s largest solar energy services provider, today named independent outside director David Buzby, 47, as non-executive, independent Chairman. The solar energy services provider also named Gerald Luterman, 63, as an independent outside director. Mr. Luterman was Executive Vice President and Chief Financial Officer of KeySpan (NYSE:KSE), one of the largest gas distribution and integrated energy companies in the United States.
Buzby, who is a founding investor and has served on SunEdison’s board since 2003, has been involved in investing in and operating businesses since 1988. He is also currently the Lead Director of ValueClick (NASDAQ:VCLK) and a board member of Xunlight. Previously, he was a director at Prevalent Power, Vice Chairman and CFO of Best Internet, and CEO of Resource Holdings.
“It is an honor to be named Chairman of the pioneer of the solar services model. We have always taken very seriously our responsibility to make solar financially successful for our customers and investors as well as help provide a global solution to the world’s quest for clean power,” noted Buzby.
In addition to KeySpan, Mr. Luterman previously served as Senior Vice President and CFO of Arrow Electronics (NYSE:ARW) and has held senior financial positions with American Express and Emerson Electric. He currently serves on the board of directors for IKON Office Solutions (NYSE:IKN), U.S. Shipping Partners L.P. (NYSE:USS), and the Lutheran Medical Center.
Noted Thomas (Tom) Rainwater, CEO of SunEdison, “David and Gerald bring world-class energy experience to SunEdison’s board. I look forward to working closely with David in his new role as Chairman and with Gerald as an outside director.”
Sun Edison LLC is North America's largest solar energy services provider. SunEdison provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers. For more information about SunEdison, please visit www.sunedison.com. The company headquarters is located in Beltsville, Md.