Oxford Photovoltaics has announced that its co-founder and CEO Kevin Arthur is leaving the company to concentrate on new opportunities.
He will be replaced by Frank Averdung, ex-CEO of Suss Microtech, who will take up his role on July 01.
Speaking about the changes, Oxford PV’s executive chairman David Fyfe, said: “Kevin has brought Oxford PV from a concept to its current position as the leader in the field of using perovskite as the basis of a PV technology. The company has just completed an £8m funding round and has shown that a tandem of perovskite on silicon has enhanced efficiency over the silicon alone. It therefore stands poised for ever greater achievements and Kevin deserves much credit for it being in that position.
“We offer our thanks and best wishes to Kevin who will continue to support the company as co-founder and evangelist for our technology.”