euro adhoc: REpower Systems AG
Board of Directors (Appointments and Changes) /
REpower Supervisory Board concludes enlargement of Executive Board to four
members
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
25.03.2008
Lars Rytter will be responsible for purchasing, production and logistics
Hamburg, 25 March 2008. Following an initiative by the Executive Board, the Supervisory Board of REpower Systems AG (WKN 617703) has concluded the enlargement of the Executive Board to four members. Compared to the announcement of November 2007 - to increase the Executive Board of REpower Systems AG to five members in the first half of 2008 -, a strengthening of the management level right beneath the Executive Board represents a more efficient and sustainable solution. With the appointment of Lars Rytter as a new member, the enlargement of the Executive Board will be completed. From 1 April, Mr. Rytter will be REpower's Chief Supply Chain Officer (CSCO), responsible for the areas of purchasing, production and logistics.
In addition to Per Hornung Pedersen, who took office as the new CEO of the third largest German wind turbine manufacturer on 1 January, CFO Pieter Wasmuth and CTO Matthias Schubert, the Executive Board consists of four members with the appointment of Rytter from 1 April on. CFO Wasmuth will hand over the areas of purchasing and logistics for which he has been responsible for two years; hitherto, the area of production has been the CEO's responsibility.
Lars Rytter has an MBA certificate and has been active in the wind industry since 1995. At the former NEG Micon (now Vestas), he was responsible for logistics and purchasing and later became Vice President of strategic purchasing and logistics at Vestas. Since December 2006, the 41-year-old has been employed at the Indian wind turbine manufacturer SUZLON Energy Ltd., also as CSCO.
end of announcement euro adhoc
Further inquiry note:
Thomas Schnorrenberg
Investor Relations
Phone: +49 40 55 55 090-3051
Fax: +49 40 55 55 090-3900
E-mail: t.schnorrenberg@repower.de
Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: TecDAX, CDAX, Prime All Share, Technologie All Share
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