SunEdison to present measures for profitable growth
Date
October 06, 2015
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SunEdison has announced a proposed series of actions to optimize business operations in alignment with current and future market opportunities, and accelerate cash flow positive operations.
With a run-rate of approximately 1 gigawatt per quarter, the company is positioned to take advantage of its scale and will:
- Focus on core, high profit-potential markets such as the U.S, India, Chinaand Latin America,
- Simplify its business structure by removing duplicative activities created as a result of recent M&A activities and business growth, through centralizing global business development and operations, and consolidating global support teams (e.g. finance, legal, etc.),
- Rationalize purchased services to deliver cost reductions and capture economies of scale.
The company also announced that Ahmad R. Chatila, chief executive officer ofSunEdison, and Brian Wuebbels, chief financial officer of SunEdison, will discuss a business update for SunEdison in an investor presentation to be webcast live, beginning tomorrow Wednesday, October 7, at 8:00 am EDT.
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