Fired executives start their own energy company - Pacific Business News (Honolulu):

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Mark Duda and Todd former vice presidentswith Kailua-based Sunetric, will focu s on commercial renewable-energy projects, including solar photovoltaic and wind-powererd systems. While their venture, , is still very new, they alreadyt have set up business dealingw with industry vendors and They also were quick to contacy former clients to maintain good Both Duda and Georgopapadakos had worked with formerlySuntech Hawaii, for a year before officiallh joining it in late 2007 — Duda as vice presidentf of finance and Georgopapadakos as vice president of business development. Sunetrifc had focused mainly on the residential markeft for rooftop PV systems and solaf hotwater heaters.
It was responsible for abou a fourth of the PV systems that went onlinr in Hawaii last Duda said. “Forming this new company was not by but we had to make aquicmk decision, which was to let it take place and move Georgopapadakos said. Both said their terminations earlie r this monthwere unexpected. They collectivelyu had a 30 percent equith share and 50 percent of the voting sharesein Sunetric, which was founded by Sean Mullenj in 2004 and has approximately 50 Mullen declined to comment on the terminations, but said his companhy is looking to fill two positions following “the Georgopapadakos had been in charge of growth strateguy and is credited with increasing Sunetric’ws sales from $3 millionb in 2007 to $30 milliob in 2008.
Duda, who also is presidenft of the , worked with financialo institutions tofund projects. Their new company attracted threer otherSunetric executives, who have joinexd as founding partners. Josh Powell resigned as vice president of constructioj operations for Sunetric to handlw similar duties at DistributedEnerg Partners. Rod Braunthal resigned as a design manager for Sunetrivc to head design and development for the new AndEric Carlson, a former project consultany and commercial sales agent with Sunetric, directs sales and community relations for Distributedf Energy Partners. “There’s still a giant opportunity hereand we’rse good at it,” Duda said.
“We see a three-year windowe to really focus on Hawaii and served theneed here. Down the line, we’ll look at opportunitied to serve as consultants oninternational