Entech Solar has announced various changes to its Finance & Accounting (F&A) organization, including the departure of CFO Kent Van Houten. The company, which has recently announced they would be heading in a new strategic direction, has suspended the manufacturing operations for its current generation of concentrating solar systems. This F&A restructuring is a result of the company’s focus shift. Sandy Martin will lead the F&A group as Corporate Controller and Chief Accounting Officer under the authority of CEO Frank W. Smith.
While the company did not give any particular reasons behind Mr. Van Houten’s departure from the company, it is believed to be linked to the company’s change in product focus as announced last week.
Sandy Martin, a CPA, has over 25 years of financial management experience, including time in SEC filings, financial planning and analysis, and investor relations. Prior to F&A, she had served as Vice President of Investor Relations at Sally Beauty Holdings, Director of Financial Planning & Analysis at Pier 1 Imports and a Senior Auditor with Touché Ross.
In her new position, Martin will be at Entech’s headquarters in Fort Worth, Texas. She replaces James Vittor, who will continue with F&A in New Jersey until later this year when the transition of the finance staff to Fort Worth is complete.