![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" "\\"Funding\\"")
![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/solar.png\" "\\"Solar\\"")
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First Solar CFO Jens Meyerhoff, who spoke for most the call, said the company had $22.9 million\u00a0in none reoccurring expenses during the fourth quarter. Of that amount about $9.1 million funded compensation expenses related to Gillette’s hiring and the departure of the unnamed executive.<\/p>\n First off, who is the unnamed executive?<\/p>\n Likely John Carrington, First Solar’s former head of global business and\u00a0marketing, who abruptly left the company this summer<\/a>. In announcing his departure First Solar filed a (discreet) Securities and Exchange Commission (SEC) filing, rather than issuing a standard press release.<\/p>\n Shortly after, this time\u00a0 issuing a press release, First Solar announced that former Honeywell International CEO\u00a0Rob Gillette<\/a> would join the company as its new chief executive.<\/p>\n Last December\u00a0TK Kallenbac, who worked at Honeywell International with Gillette, was hired to replace Carrington<\/a> as head of\u00a0marketing.<\/p>\n According to an SEC filling Carrington left First Solar with nearly 18,000 company shares worth about $2.27 million, based on yesterday’s closing price.<\/p>\n![\"\"](\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2009\/10\/First-solar.gif\" "\\"First")
<\/a>Yesterday, during its fourth quarter earnings call<\/a>, thin-film PV maker First Solar blamed\u00a0the $39.3 million spike in its operating costs to a string of one time expenses incurred in part with the hiring of\u00a0new CEO Rob Gillette and the departure of an unnamed senior executive.<\/span><\/p>\n