DGAP-News: PAYOM SOLAR AG: Payom Solar AG replaces two members of the Supervisory Board
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PAYOM SOLAR AG: Payom Solar AG replaces two members of the Supervisory
Board
14.03.2012 / 09:00
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Corporate News
Payom Solar AG replaces two members of the Supervisory Board
- Philip Moffat and Jörn Reinecke resigned, Alfons L. Kosse and Dr.
Rainer Gegenwart appointed
- Positive outlook for FY 2012
Hamburg, 14.03.2012 -Payom Solar AG announces the replacement of two
Supervisory Board members. After having finalized the strategic realignment
of the company, Mr. Philip Moffat, previous Chairman of the Supervisory
Board, and Mr. Jörg Reinecke resigned from their appointments as agreed
with effect from February, 29 2012.Mr. Alfons L. Kosse, financial auditor
and tax accountant, and Dr. Rainer Gegenwart, owner of a project
development company in the solar energy sector, are appointed to new
Members of the Supervisory Board. Alfons L. Kosse and Dr. Rainer Gegenwart
have many years of experience in the area of finance as well as in the
solar energy sector. Both will join the Supervisory Board from March, 1
2012 onwards and guide the company's strategic direction.
Mr. Alfons L. Kosse is associate partner in Treuhand Oldenburg GmbH, which
is with more than 200 employees one of the leading Certified Public
Accountants firms in northwest Germany. In his role as chartered
accountant, Mr. Kosse has had a long-term business relationship with SOLEN
Energy GmbH that will be continued in his new function in the Supervisory
Board of Payom Solar AG. Dr. Rainer Gegenwart holds a Ph.D. in physics and
was one of the first managing directors of market leader First Solar in
Europe. He was also in charge of Masdar PV in Germany, leading the global
production set-up of solar modules. After 20 years of experience in the
solar energy sector he has started his own company HeliosMax GmbH.
The Managing Board of Payom Solar AG welcomes the appointment of the new
Supervisory Board members. 'We thank Mr. Moffat and Mr. Reinecke for their
contribution during a stage of strategic changes. Now we are looking
forward to the cooperation with Mr. Kosse and Dr. Gegenwart, who will
enrich Payom Solar AG with their expertise. Both will use their excellent
business relations and networks for the further business development of the
company, including our expansion into the operation of own solar plants',
says Norbert Apfel, CEO of Payom Solar AG.
After a positive start into 2012, the Managing Board expects a slight
increase in the total sales volume and a positive EBIT margin for FY 2012.
The ongoing internationalization as well as the specialization on
medium-sized rooftop projects, that will still provide attractive margins
even after the latest FIT-reduction in Germany, make the Payom Solar group
highly competitive in a challenging market environment.
About Payom Solar AG:
Payom Solar AG is the holding company to a group of companies, specialized
in downstream activities in the
photovoltaic industry. With a total of 150 employees the group realizes
project development, wholesale of
components as well as turn-key delivery of solar plants in Europe and
North-America. In 2011, the group also
started with the operation of own solar plants in Germany and Italy.
Payom Group is an independent supplier of PV solutions with competitive
know-how and experiencein small to
large size power plants, realizing those for private households, industrial
companies or financial investors. With
its direct access into the market, the group is able to select attractive
sites for new plants, perform the
construction planning and re-financing of these sites, and provide all
services in one solution to the customer.
Further information is available at: www.payom-solar.de
Payom Solar AG
IR: Barbara Flesche, Vice President
Grosse Elbstrasse 45, 22767 Hamburg
Tel.: 040/468963-500 Fax: 040/468963-579
E-mail: ir(at)payom-solar.de
End of Corporate News
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160351 14.03.2012
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Datum: 14.03.2012 - 09:00 Uhr
Sprache: Deutsch
News-ID 124542
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