EANS-Adhoc: Changes to the Management Board of SOLON SE Stefan Säuberlich is new CEO; Management Board reduced to four members
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
27.01.2010
Berlin, January 27, 2010 - The Supervisory Board of SOLON SE has appointed Stefan Säuberlich as the new CEO. Thomas Krupke will continue to be available to the company as a consultant. The company is undergoing a far-reaching restructuring process in a market environment that continues to change dynamically. In the view of the Supervisory Board, the associated changes also necessitate a change at the company's highest level of management.
Stefan Säuberlich, 46, previously served as CFO for the Wadan Yards in Wismar and Warnemünde (formerly: AKER MTW Werft GmbH and AKER Warnow Werft GmbH). Before his time at AKER, Säuberlich was a management board member responsible for finance, financial controlling, legal affairs and IT of Scandlines AG in Rostock. Prior to that he was the head of equity holdings of DB Cargo AG where he participated in numerous major transactions and mergers.
"I very much look forward to my new responsibilities. SOLON SE is a young and modern company in an increasingly contested market which is presently undergoing consolidation. SOLON's strong points are innovative products, high quality standards and an innovative growth strategy. The strategic management of the company in a dynamic market environment is an exciting challenge for me," said Stefan Säuberlich. A native of Berlin, Säuberlich is married and has three children.
"We are very pleased to have gained Stefan Säuberlich as a top manager and an experienced restructurer for SOLON. With his skills and experience, he will lead the company into a successful future in the global market of renewable energies. SOLON is a company with a strong and sustainable outlook in the promising market of photovoltaics. The challenges currently confronting the company result from the general economic crisis and fundamentally changed market conditions. The necessary adjustment of the structures is underway and we are convinced that Mr. Säuberlich as our new CEO will bring this process to a successful conclusion," commented Dr. Karl Werner, Chairman of the Supervisory Board of SOLON SE.
The Supervisory Board of SOLON SE has also decided to reduce the size of the Management Board from five to four members. As a result, Anke Hunziger, Chief Human Resources Officer, is also leaving the Management Board.
"On behalf of the entire Supervisory Board of SOLON SE, I want to express my gratitude to Mr. Krupke and Ms. Hunziger for their outstanding commitment to the company and their successful work. Under their leadership, SOLON has developed from being a producer of modules for Germany alone into a photovoltaic system supplier which is successfully active in all the world's key photovoltaic markets.
About SOLON SE: SOLON SE is one of the largest manufacturers of solar modules in Europe as well as a supplier of solar system technology for large-scale rooftop and greenfield installations. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs some 900 people worldwide. SOLON´s core business is producing solar modules and photovoltaic systems along with planning and constructing large rooftop installations and turnkey solar power plants all over the world.
SOLON SE Therese Raatz Investor Relations Telefon: +49 / 30 / 818 79 - 9305 Telefax: +49 / 30 / 818 79 - 9300 E-Mail: therese.raatz@solon.com
end of announcement euro adhoc
Further inquiry note:
Therese Raatz
Head of Corporate Communications
Tel.: +49 30 818 79-9305
E-Mail: therese.raatz@solon.com
Branche: Energy
ISIN: DE0007471195
WKN: 747119
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