SunPowerÂ’s president of systems unit leaving
The departure of Daniel Shugar follows a leave of absence that the executive took in March for nine to 12 months.
Shugar informed SunPower of "his decision to not return as an employee of SunPower or its affiliates," SunPower said in a filing with the U.S. Securities and Exchange Commission.
Shugar joined SunPower as head of its systems unit in 2007 when SunPower acquired PowerLight Corp, where the executive had worked since 1996.
The systems unit develops, engineers and manufactures large-scale solar power systems.
The solar power sector is looking for a stronger year in 2010 after a difficult 2009 with falling panel prices and tight credit for new renewable energy projects. The San Jose, California-based SunPower is also probing millions of dollars of accounting mistakes.
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Town of Gander forgives $250K debt from local curling club
GANDER - Gander town council has agreed to forgive the local curling club's debt of over $250,000.
Gina Brown, chair of the town council's finance committee, says the agreement has been put in place to help the curling club survive.
"When we took a look at this and realized there was a significant outstanding debt for Gander curling club … we have to mitigate," Brown told CBC Newfoundland Morning. "[Getting] what the taxpayers are owed, with also understanding and appreciating the role that that recreational facility plays in our community."
According to Brown, the debt comes from a combination of taxes and loans,…
