GT Advanced Technologies’ directors appoint Keck as CEO

By Mark Reccek

Bethlehem, Pa., Aug. 10 – GT Advanced Technologies, Inc.’s board of directors appointed David Keck as chief executive officer, effective immediately, according to an 8-K filed Monday with the Securities and Exchange Commission.

Keck will succeed Thomas Gutierrez, who resigned as president and chief executive officer and as a director, effective Aug. 7. Gutierrez will remain an employee of the company until Aug. 31 to provide for an orderly transition, the SEC filing said.

Keck’s base annual salary as CEO has been increased to $575,000 from $386,250.

Keck has been with GT Advanced Technologies since 2006. He previously served as executive vice president and general manager of the company’s polysilicon and photovoltaic business since March 2014.

According to the SEC filing, the board also appointed Keck, Hoil Kim, vice president, chief administrative officer and general counsel, and Raja Bal, chief financial officer, to the newly formed office of the chairman, which will oversee Chapter 11 matters.

Also, Jeffrey Ford, a member of senior management who has been responsible for Asia sales in numerous roles since 2006, will resume responsibility for the sales of ASF furnaces.

Merrimack, N.H.-based GT Advanced Technologies is a provider of equipment and services that support the growth of the solar and LED industries. The company filed for bankruptcy on Oct. 6, 2014 in the U.S. Bankruptcy Court for the District of New Hampshire under Chapter 11 case number 14-11916.

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