Company Summary

Corporate Overview

• The company designs and manufactures composite products, primarily for renewable energy sectors such as wind energy, and other related industries.

Leadership and Board

• The Board of Directors includes seasoned professionals with backgrounds in engineering, renewable energy, finance, aerospace, defense, and manufacturing industries.
• Key directors include:
  • Steven C. Lockard, Chairman, Board Member since 2004, previous CEO, with extensive experience in electronics, wind energy, energy transition investments, and decarbonization solutions.
  • Paul G. Giovacchini, Lead Independent Director, with a background in private investments and corporate consulting.
  • William E. Siwek, President & CEO since 2020, with prior senior roles in real estate and finance.
  • Jayshree S. Desai, director since 2017, CFO of Quanta Services, with experience in renewable energy development.
  • Bavan M. Holloway, director since 2020, with extensive audit and senior finance experience from Boeing.
  • Edward C. Hall, director with over 35 years in the electricity industry, serving on multiple renewable and utility company boards.
  • James A. Hughes, director since 2015, former CEO of First Solar.
  • Tyrone M. Jordan, director since 2019, from automotive and manufacturing sectors.
  • Jennifer E. Lowry, joined November 2024, with broad experience in energy, risk management, and finance.

Key Business Activities

• Manufacturing and designing composite blades for wind turbines, with a focus on renewable energy.
• Engaged in strategic restructuring, including divesting its automotive division.
• Extending supply agreements with major wind turbine manufacturers like Vestas.
• Planning to reopen a manufacturing plant in Iowa via collaboration with GE Vernova.

Operations and Market

• The company produces wind blades, serving global markets in the renewable energy sector.
• It has multiple manufacturing facilities, including in India, Mexico, and Turkey, and plans to expand or reopen additional plants.
• Focus on supply chain stability and long-term strategic partnerships within the renewable energy industry.

Corporate Governance & Policies

• Has a structured Board with separate roles for Chairperson and CEO, with a Lead Independent Director.
• Maintains committees for audit, compensation, and governance.
• Follows corporate governance best practices aligned with SEC and Nasdaq standards.
• Conducts regular risk oversight and governance reviews.

Financial Metrics

• Specific revenue, employee count, ownership, or income figures are not provided in the text.
• Focus of the company is on strategic growth in renewable energy manufacturing and improving operational performance.

Note: The provided text does not include explicit details on number of customers, employees, revenue, or income figures.