GT Advanced Technologies Inc. announced the appointment of Richard E. Newsted and John J. Ray III to its board of directors, effective November 21, 2014. Mr. Newsted currently serves as an independent board member for several public and private companies, including a number undergoing Chapter 11 restructurings such as Longview Power LLC, Revstone Industries LLC, and others who have successfully emerged from a restructuring process, including Rotech Healthcare Inc. and Mirabela Nickel Limited. During 2005 and 2006, as President and Chief Executive Officer, he guided Meridian Automotive Systems Inc. and upon its emergence was elected a director of the company.

Mr. Ray has served as Chief Restructuring Officer, Litigation Trustee and Plan Administrator of Chapter 11 debtors since 2002. He was Chief Restructuring Officer of Overseas Ship Management, where he led the company through its reorganization and exit from Chapter 11 and where he currently serves as Chairman of the Board. Mr. Ray also served as Principal Officer to oversee the U.S. Chapter 11 of Nortel Networks Inc. The company also announced the formation of a Restructuring Committee of the Board comprised of the two new directors, Mr. Newsted and Mr. Ray, along with Mr. Massengill.

The primary role of the Restructuring Committee is to lead the company's efforts in seeking and implementing a value-maximizing path to emergence from Chapter 11.