SunEdison, an ex-giant in the renewable energy industry, has been expected to exchange its executives since the day the company officially filed the chapter 11 for restructuring under bankruptcy protection. On June 22, 2016, the company announced to replace its CEO Ahmad Chatila by Chief Restructuring Officer, John S. Dubel, and effective on the date.
Chatila resigned from his position as CEO, his board membership and all other positions on June 16, and the resignations became effective on June 22.
Dubel started serving at SunEdison on April 29. Although he has stepped as the company’s new CEO, he will continue its role as Chief Restructuring Officer. With over 30 year of experience advising boards and companies on matters related to restructuring, Dubel will continue to help SunEdison move through the Chapter 11 process.
"Our priority is to focus on SunEdison's core strengths and work to create a more streamlined and efficient operator better positioned and more appropriately capitalized for a competitive future," said Dubel in SunEdison’s statement.
According to SunEdison’s press, Dubel will report directly to the company’s Board of Directors.