Seasoned investment banker Adam Bergman to drive expansion of solar silicon business
SAN JOSE, Calif.—Silicor Materials, Inc. ("Silicor"), a manufacturer of high-quality solar silicon and aluminum by-products, has appointed financial veteran Adam Bergman as its senior vice president of business & corporate development. Leveraging nearly two decades of experience with global investment banks including Deutsche Bank, Jefferies & Company and JPMorgan Chase, Mr. Bergman will help to build Silicor's relationships with strategic partners and global financial investors as well as offer insight into the company's commercialization strategy.
Mr. Bergman comes to Silicor with a strong track record of strategic advisory and capital raising for publicly and privately held companies around the world. Previous experience includes a leadership role with Deutsche Bank's Securities division, where Mr. Bergman headed the group's clean technology investment banking team. He also served as senior vice president for Jefferies, leading its clean technology efforts on the west coast of North America. Mr. Bergman's additional experience includes analyst and associate roles in the industrial, technology and healthcare sectors for investment banks including JPMorgan Chase, UBS and Rothschild.
"With such an impressive portfolio and a stellar reputation in the energy technology sector, Adam is the perfect complement to our executive leadership team," said Theresa Jester, CEO of Silicor. "We believe 2014 will be a momentous year for Silicor Materials, and we're looking forward to shattering expectations as we build this business together."
Silicor produces solar-grade silicon that enables cell and module manufacturers to achieve efficiency levels on par with traditional polysilicon, at approximately half the production cost. The company is currently exploring a variety of opportunities to develop its new manufacturing facility, which will produce 16,000 metric tons of solar silicon per year.
"Silicor's ability to improve manufacturers' margins without compromising product performance is among the most compelling value propositions I've seen throughout the course of my career," said Adam Bergman, senior vice president of business & corporate development for Silicor. "This company has the potential to fundamentally shift the economics of the solar industry and increase the pace of solar energy adoption globally, and I jumped at the opportunity to join a strong management team with such innovative technology."