Ex-Abound execs land new gigs
While some apparently remain unemployed, most members of the management team at the helm when Loveland-based Abound collapsed have moved on to other companies, according to their LinkedIn profiles.
Abound Solar declared bankruptcy in July after drawing down $70 million on a $400 million loan guarantee from the U.S. Department of Energy.
While the DOE estimates taxpayers will lose $40 million to $60 million in the Chapter 7 bankruptcy, that hasn’t seemed to hurt job prospects for at least some who worked in the executive suite at Abound.
Former CEO Craig Witsoe took a position as chief executive of Menlo Park, Calif.,-based Elo Touch Solutions, a tech company just outside Silicon Valley controlled by private equity firm Gores Group. Elo Touch is a touch-screen technology supplier.
A press release issued by Elo Touch announcing his hiring in September describes Witsoe as “a proven business leader who has driven growth, profitability and customer satisfaction.” He once led a
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