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Robert Stempel Retires as Chairman of ECD
Robert C. Stempel is retiring as chairman of the board and a director of Energy Conversion Devices Inc. (ECD) of Rochester Hills, Michigan, effective December 11. The board of directors intends to appoint a successor from the directors elected at the annual meeting.
“On behalf of ECD’s employees and directors, I want to thank Bob for his contributions and leadership,” says Mark D. Morelli, president and chief executive officer of ECD. “He helped develop a technology foundation upon which we are building a solid, commercial enterprise and driving to sustainable profitability.”
Stempel, 74, has been chairman of the board since December 1995. On August 31, he retired as ECD’s CEO. He was the chairman and CEO of General Motors Corp. from 1990 to 1992.
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