Tech Business Wrap Up: Yahoo Loses CTO, Wells Fargo Funds Solar Project
Chief Technology Officer Ash Munshi has left Yahoo! (NASDAQ:YHOO), a company spokesperson has told BI. Munshi worked under three chief executives and was appointed by Carol Bartz. Marissa Mayer has been reconfiguring Yahoo’s management since taking over this summer.
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Wells Fargo & Co. (NYSE:WFC) will supply financing for an 11.3 megawatt solar project being developed by MEMC Electronic’s (NYSE:WFR) Sun Edison division in New Mexico, and will represent the sixth Sun Edison utility scale solar project funded by Wells in the past year. Upon completion, El Paso Electric Co. (NYSE:EE) will buy the power supplied by the project over the next 25 years.
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