Jim Pekarsky has resigned his position as CFO at struggling SPI Solar and has been replaced by recently appointed board member from LDK Solar, Charlotte Xi.
Pekarsky was said to have resigned to join an unidentified private company as chief executive officer. Xi becomes the interim CFO.
Recently, LDK Solar made management changes at SPI, including demoting founder and CEO, Stephen Kircher after he highlighted financial issues at LDK Solar in getting project finance from China Development Bank, amongst other problems the EPC firm was dealing with due to its parent company's own difficulties.
Xi was appointed to SPI’s board of directors on 20 August 2013, and most recently served as senior vice president of global operations for Canadian Solar.