Mark Widmar - First Solar CEO Director

FSLR Stock  MXN 3,629  14.00  0.38%   

CEO

Mr. Mark R. Widmar is the Chief Executive Officer, Director of First Solar, Inc. Mr. Widmar was appointed Chief Executive Officer in July 2016. He joined First Solar in April 2011 as Chief Financial Officer and served as First Solars Chief Accounting Officer from February 2012 through June 2015. Mr. Widmar also serves as a director on the board of the general partner of 8point3 Energy Partners LP, the joint yieldco formed by First Solar and SunPower Corporation in 2015 to own and operate a portfolio of selected solar generation assets. From March 2015 to June 2016, Mr. Widmar served as the Chief Financial Officer of the general partner of 8point3 Energy Partners LP. Prior to joining First Solar, Mr. Widmar served as Chief Financial Officer of GrafTech International Ltd. a leading global manufacturer of advanced carbon and graphite materials, from May 2006 through March 2011. Prior to joining GrafTech, Mr. Widmar served as Corporationrationrate Controller of NCR Inc. from 2005 to 2006, and was a Business Unit Chief Financial Officer for NCR from November 2002 to his appointment as Controller. He also served as a Division Controller at Dell, Inc. from August 2000 to November 2002 prior to joining NCR. Mr. Widmar also held various financial and managerial positions with Lucent Technologies Inc. Allied Signal, Inc. and Bristol MyersSquibb, Inc. He began his career in 1987 as an accountant with Ernst Young since 2016.
Age 57
Tenure 8 years
Phone602 414 9300
Webhttps://www.firstsolar.com
Widmar holds a BS in Business Accounting and a Masters of Business Administration from Indiana University. As an experienced financial executive and chief executive officer of First Solar, Mr. Widmar plays an essential role at the board level in providing CEOlevel visibility into the management and operations of First Solar.

Mark Widmar Latest Insider Activity

Tracking and analyzing the buying and selling activities of Mark Widmar against First Solar stock is an integral part of due diligence when investing in First Solar. Mark Widmar insider activity provides valuable insight into whether First Solar is net buyers or sellers over its current business cycle. Note, First Solar insiders must abide by specific rules, including filing SEC forms every time they buy or sell First Solar'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

First Solar Management Efficiency

First Solar's management efficiency ratios could be used to measure how well First Solar manages its routine affairs as well as how well it operates its assets and liabilities.
First Solar has accumulated 236 M in total debt with debt to equity ratio (D/E) of 14.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. First Solar has a current ratio of 4.29, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist First Solar until it has trouble settling it off, either with new capital or with free cash flow. So, First Solar's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Solar sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Solar's use of debt, we should always consider it together with cash and equity.

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First Solar, Inc. provides photovoltaic solar energy solutions in the United States and internationally. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona. FIRST SOLAR operates under Solar classification in Mexico and is traded on Mexico Stock Exchange. It employs 6400 people. First Solar (FSLR) is traded on Mexican Exchange in Mexico and employs 4,800 people.

Management Performance

First Solar Leadership Team

Elected by the shareholders, the First Solar's board of directors comprises two types of representatives: First Solar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Solar's management team and ensure that shareholders' interests are well served. First Solar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Solar's outside directors are responsible for providing unbiased perspectives on the board's policies.
Georges Antoun, President of U.S.
Markus Gloeckler, Chief Officer
Jigish Trivedi, VP Technology
Jason Dymbort, G Sec
Mitchell Ennis, Ma Relations
Caroline Stockdale, Chief Officer
Alexander Bradley, Chief Officer
Mark Widmar, CEO Director
Byron Jeffers, Chief Accounting Officer
Michael Koralewski, Chief Officer

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Solar a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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