DGAP-News: SMA Solar Technology AG / Key word(s): Change of Personnel
SMA Solar Technology AG: SMA Solar Technology AG Downsizes Managing
Board
11.02.2015 / 14:41
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SMA Solar Technology AG - Corporate News
SMA Solar Technology AG Downsizes Managing Board
Niestetal, February 11, 2015-The Supervisory Board of SMA Solar Technology
AG (SMA/FWB: S92) is reducing the number of Managing Board members in the
course of the company's transformation. Lydia Sommer will leave the SMA
Managing Board on February 28, 2015. She has been in charge of Finance,
Legal and Compliance at SMA since November 2012. In May 2013, she also
assumed responsibility for Information Technology (IT) and Human Resources
in her capacity as Labor Director. SMA Chief Executive Officer
Pierre-Pascal Urbon will also take over responsibility for Finance, Legal
and Compliance as Chief Financial Officer (CFO), in addition to Strategy.
Roland Grebe, formerly Board Member for Technical Innovation, will be in
charge of Human Resources and IT and will become the new Labor Director at
SMA Solar Technology AG. Jürgen Reinert will take on overall responsibility
for Technology.
"In the course of SMA's transformation, we announced a considerable
reduction in the number of executive positions at all hierarchy levels.
Against this background, the Supervisory Board has decided to also
restructure the SMA Managing Board and downsize it to four members. We are
very sorry to see Lydia Sommer go and would like to thank her for her
successful work in Finance, Legal and Compliance. Furthermore, she played a
key role in reorganizing Human Resources and achieved enormous increases in
efficiency by means of systematic process improvements. However, despite
Lydia Sommer's impressive work, the Supervisory Board believes that
downsizing the Managing Board is the right step in light of SMA's current
development. As SMA Chief Financial Officer from 2009 to 2012,
Pierre-Pascal Urbon has proven his outstanding expertise in the field of
finance and has been responsible for Investor Relations ever since SMA's
IPO. Roland Grebe has extensive experience in the areas of human resources
and IT, and he will also contribute his development knowledge to the future
orientation of both the SMA Railway Technology subsidiary and SMA Sunbelt
Energy GmbH. As an experienced Board Member for Technology, Jürgen Reinert
will also focus on maintaining SMA's strength in innovation and
technological leadership in the future," said Dr. Erik Ehrentraut, who was
elected the new Chairman of the Supervisory Board on February 11, 2015.
As of March 1, 2015, the Managing Board of SMA Solar Technology AG will
comprise the following members: Roland Grebe (Human Resources and IT),
Martin Kinne (Sales and Service), Dr.-Ing. Jürgen Reinert (Technology),
Pierre-Pascal Urbon (Chief Executive Officer, Strategy and Finance).
About SMA
The SMA Group with expected sales of more than EUR790 million in 2014 is
the global market leader for solar inverters, a key component of all PV
plants and, as an energy management group, offers innovative key
technologies for future power supply structures. It is headquartered in
Niestetal, near Kassel, Germany, and is represented in 21 countries. The
Group employs more than 5,000 people worldwide. SMA's broad product
portfolio includes a compatible inverter for every type of module on the
market and for all PV system sizes. The product range includes system
technologies for grid-connected photovoltaic systems as well as off-grid
and hybrid systems. The service portfolio is supplemented by comprehensive
services and operational management of large-scale PV power plants. Since
2008, the Group's parent company, SMA Solar Technology AG, has been listed
on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the
TecDAX index.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Tel.: +49 561 9522-2805
Presse@SMA.de
Press contact:
Susanne Henkel
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
Presse@SMA.de
Investor Relations contact:
Julia Rother
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
IR@SMA.de
Disclaimer:
This corporate news serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the "Company") or any present or future
subsidiary of the Company (together with the Company, the "SMA Group") nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.
This corporate news can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the Managing
Board of SMA Solar Technology AG (SMA or company) has available at this
time. Future-oriented statements are therefore only valid on the day on
which they are made. Future-oriented statements by nature contain risks and
elements of uncertainty. Various known and unknown risks, uncertainties and
other factors can lead to considerable differences between the actual
results, the financial position, the development or the performance of the
corporation and the estimates given here. These factors include those which
SMA has discussed in published reports. These reports are available on the
SMA website at www.SMA.de. The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.
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11.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: SMA Solar Technology AG: SMA Solar Technology AG Downsizes Managing Board
| Source: EQS Group AG