DGAP-News: S.A.G. Solarstrom AG / Key word(s): Miscellaneous
S.A.G. Solarstrom AG expands Executive Board
23.02.2012 / 09:05
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S.A.G. Solarstrom AG expands Executive Board
Freiburg, February 23, 2012. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008) is expanding its
Executive Board. The Supervisory Board appointed Karin Schopf, previously
Head of Controlling at S.A.G. Solarstrom AG, and Ulrich Kenk, the former
Commercial Director of S.A.G. Solarstrom AG, into the now five-member
board, some of whose tasks have also been redistributed. With the expansion
of its Executive Board, the company is providing for the increased
operative requirements of the medium-sized company in a challenging market
environment.
'With Karin Schopf and Ulrich Kenk, we are gaining two more very
experienced managers in the Executive Board. As a result of their previous
activities, they already know the company extremely well and have been
working closely and in a spirit of mutual confidence together with the
other members of the Executive Board for several years. These are the ideal
conditions for positively supporting the further development of S.A.G.
Solarstrom AG ', explains Dr. Peter Heller, chairman of the S.A.G.'s
Supervisory Board.
Karin Schopf joined S.A.G. Solarstrom AG in 2009 as the Head of Controlling
and IT. The bank business management assistant and economist was previously
Head of Corporate Controlling at Gütermann AG, where she not only played an
important role in setting up the Controlling structures, but was also
responsible for operative and strategic planning. In the Executive Board,
Karin Schopf will be responsible for the areas of Operations, Controlling,
IT and Logistics in particular.
Ulrich Kenk has been working for S.A.G. Solarstrom AG since 2006. He joined
the company as commercial manager, and was later granted power of
procuration and appointed Commercial Director of the Group. The graduate
economist came from Ernst & Young, where he held various executive
positions, particularly in national and international consulting projects
in the areas of Finance and Accounting, Reporting and Risk Management. His
areas of activity in the Executive Board are Risk Management and
Purchasing, in addition to Financial Accounting.
Oliver Günther's area of activity will remain in Sales, which is now split
up into the three areas of Direct Sales, Partner Sales and Service Sales.
In addition, he will be responsible for the further internationalization of
Sales and Distribution, so that the company will be able to compensate a
foreseeable lower growth in volume in Europe through new markets over the
next few years. The services along the value chain also belong to a
strategic business area that is now directly assigned to the Executive
Board division of Oliver Günther.
In the Executive Board, Christoph Koch is responsible for the departments
Financing and Liquidity Management, Legal Affairs, and the entire business
unit Power Production. Financing is a crucial key subject in the solar
industry and is essential for the continued positive development of the
Group. The company is providing for this by once again making an assignment
to an Executive Board member and the department is now directly assigned to
Christoph Koch's area of activity. S.A.G.'s own power plant portfolio, for
which Christoph Koch is responsible, offers interesting prospects for
S.A.G. Solarstrom AG with the production of green electricity, and is to be
further expanded as a result of the strategic significance of this for the
Group.
As CEO, Dr. Karl Kuhlmann continues to be responsible for strategic
corporate development, Marketing and HR, as well as meteocontrol and its
further international expansion.
'In a medium-sized company in particular, the Executive Board is very
closely involved in daily operative business. By expanding the Executive
Board, the various tasks can be shared amongst several members. We are
delighted that Karin Schopf and Ulrich Kenk will support us in this task',
says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. 'We will now be able
to push ahead with those strategic key future issues that are important for
us even more effectively'.
About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent
provider of high-quality photovoltaic plants configured to customers'
individual needs. The Group constructs efficient plants of all sizes both
in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at
its own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote service and maintenance, as well as insurance and financing. The
Group thus offers a comprehensive value chain in photovoltaics, from yield
reports, planning, construction, operations, and monitoring to
optimization, repowering, and deconstruction.
Founded in 1998, S.A.G. Solarstrom AG is considered a pioneer in the solar
industry. Around 240 specialists work at the four locations in Germany and
the foreign subsidiaries.
S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock
Exchange as well as according to the rules and standards M:access of the
Munich Stock Exchange.
Further information: www.solarstromag.com
Contact:
S.A.G. Solarstrom AG
Sasbacher StraÃe 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311
e-mail: pr@solarstromag.com / ir@solarstromag.com
End of Corporate News
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Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Germany
Phone: + 49 761 4770 0
Fax: + 49 761 4770 555
E-mail: mail@solarstromag.com
Internet: www.solarstromag.com
ISIN: DE0007021008
WKN: 702100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart
End of News DGAP News-Service
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157778 23.02.2012
DGAP-News: S.A.G. Solarstrom AG expands Executive Board
| Source: EQS Group AG