Hemlock Semiconductor has a new chief financial officer

Officials with Hemlock Semiconductor, the nation’s leading manufacturer of hyper-pure polysilicon for the semiconductor and solar industries, have announced a new chief financial officer, as the company’s current CFO, Steve Sklenar, is retiring.

Sklenar will retire at the end of the month, and incoming CFO Michael Moen joined the HSC executive leadership team Monday, Aug. 14, the same day company officials announced the transition in a news release.

“Steve Sklenar has been a steady hand on the wheel of HSC’s financial performance over the past four years,” HSC Chairman and CEO AB Ghosh, said in a statement. “His business acumen and insights have helped us through a period of significant growth and change. We’re grateful for his service and wish him every success in his future endeavors.”

In a statement, Sklenar said, “It has truly been a privilege to be part of such an amazing group of leaders and innovators, who work together as one team to drive the enterprise forward. While I’m looking forward to retirement, I will always cherish the friendships made over the past four years and everything we accomplished together.”

As HSC’s new CFO, Moen will lead the company’s finance, information technology and portfolio management office teams and partner with other members of the leadership team to achieve HSC’s financial plans and strategic priorities. He will report directly to Ghosh.

“We’re delighted to welcome Michael to the HSC team as our new CFO,” Ghosh’s statement continued. “He brings an extensive manufacturing portfolio and tremendous financial savvy to his new position. I’m confident he will be a strong and effective leader who will keep us on track and help us meet our commercial objectives.”

In a statement, Moen said, “I’m thrilled to join Hemlock Semiconductor at such an exciting time in the company’s 61-year history. HSC’s growing role in the semiconductor and solar industry supply chains, as well as emerging opportunities in battery storage, represent a huge opportunity to expand our share of the global market for ultra low-carbon, hyper-pure polysilicon, which will translate into the financial benchmarks we’re aiming to achieve.”

Moen comes to HSC from Connecticut-based Hubbell Inc., which designs, manufactures and sells electrical and electronic products for non-residential and residential construction, industrial and utility applications. As Hubbell’s vice president of finance, electrical products business unit, Moen was responsible for leading the finance function, cost and operating margin, manufacturing efficiency, service delivery and price realization. In addition, he developed a customer profitability model and established a capital council to better manage manufacturing capital spending, the release states.

Moen has a Bachelor of Science in Business Administration – Economics, and a Master of Science in Accountancy, both from Appalachian State University in Boone, North Carolina. He and his wife, Kelly, will be relocating to the Great Lakes Bay Region soon.

HSC, based in Saginaw County’s Thomas Township, began operations in 1961 and is owned by Corning Inc. and Shin-Etsu Handotai.