By San Francisco Business Times

Solar panel maker Solyndra Inc. hired Brian Harrison as president and CEO, replacing Chris Gronet, who started the Fremont company.

Harrison was president and CEO of Numonyx B.V., a flash memory business.

Gronet will stay on as chairman of Solyndraâ¿¿s board of directors. Heâ¿¿ll also keep some sort of executive job there.

Kelly Truman, another company founder, left Solyndra a month ago.

Steve Mitchell of Argonaut Private Equity, who sits on Solyndra⿿s board, praised Harrison for ⿿aggressively driving down costs in a very competitive global industry⿝ in his past job.

Last month, Solyndra pulled the plug on a planned $300 million initial public offering.

Harrison worked for Intel Corp. (NASDAQ: INTC) before Numonyx hired him in 2008.

Solyndra hopes to start production at its Fab 2 factory in Fremont this fall, paid for with help from some $535 million in U.S. government loan guarantees. When that factory goes on line, it will triple the companyâ¿¿s capacity.

The increase in capacity will make Solyndra cash flow positive in 2011, it hopes.

Copyright 2010 American City Business Journals
Copyright 2010