Oct. 13, 2011 at 1:44 PM ET
Solar company Solyndra said Thursday its CEO Brian Harrison has resigned, according to The Associated Press.
Solyndra has been at the center of a media storm since the California solar energy company sought bankruptcy protection after receiving a $528 million loan guarantee from the Obama administration.
The AP reports that Solyndra filed papers in a Delaware bankruptcy court Wednesday that said Harrison resigned last Friday. Solyndra said Harrison's resignation was expected even before the company sought bankruptcy protection, the AP said.
The news wire notes that “Solyndra's filing was in response to a motion by the Justice Department to appoint a trustee to oversee the bankruptcy case. The government was concerned company officials would not be forthcoming about Solyndra's operations and finances.”
The AP also said the Justice Department “filed its motion after Harrison and Solyndra chief financial officer W.G. Stover refused to answer questions when called before a U.S. House committee investigating the loan Solyndra received from the Energy Department.”
Separately, Reuters reports that Solyndra wants to appoint “a high-profile bankruptcy expert” to run the company after its CEO departs.
“Solyndra asked the bankruptcy court to let it hire Todd Neilson of Berkeley Research Group LLC as its chief restructuring officer,” Reuters said, citing documents filed on Tuesday at the Delaware court.
The news wire also notes that Neilson, a former FBI agent, was bankruptcy trustee “for former world boxing champion Mike Tyson, hip-hop record label Death Row Records and its controversial chief executive Marion ‘Suge’ Knight Jr.”