DGAP-News: S.A.G. Solarstrom AG:
(firmenpresse) - DGAP-News: S.A.G. Solarstrom AG / Key word(s): Change of Personnel
S.A.G. Solarstrom AG:
23.05.2012 / 12:05
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Change in S.A.G. Solarstrom AG's Executive Board
Christoph Koch leaves the Group
Freiburg, February 23, 2012. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008) will implement a
planned change to the Executive Board on June 1, 2012. Christoph Koch will
leave the Group at his own discretion to pursue new career opportunities.
The Supervisory Board appointed two financial experts - Karin Schopf and
Ulrich Kenk - to the Board in February, to prepare for the change and to
increase the number of persons on the Executive Board.
'Since 2008, Christoph Koch has been driving S.A.G. Solarstrom AG's new
alignment with a high degree of commitment', says Dr. Peter Heller,
Chairman of S.A.G. Solarstrom AG's Supervisory Board. 'He approached us a
while ago, and expressed his wish to leave the company in an orderly manner
to pursue new career opportunities. After funding and closing of the major
Serenissima project were successfully completed in March under his
management, Karin Schopf and Ulrich Kenk can take over his tasks in the
Executive Board as planned. We wish him all the best for the future and
thank him for the successful work he performed for the company.'
Christoph Koch was employed as a financial expert by the Group since
February 2008. Most recently, he was responsible in the Executive Board for
the areas Financing and Liquidity Control and Legal Affairs, as well as the
entire Power Production business area at S.A.G. Solarstrom AG.
After completing his training and his degree in Business Administration,
Koch was first employed at Coopers&Lybrand (PricewaterhouseCoopers
today), most recently as audit manager. After various management roles in
Accounting and Financial Accounting, including the Bombardier Group and at
J.W. Ostendorf GmbH&Co. KG, Coesfeld, he was, before joining S.A.G.
Solarstrom AG, the Head of Finances and Group Accounting at the TA
Triumph-Adler Group, Nuremberg. After leaving S.A.G. Solarstrom AG, Koch
will become an independent management consultant and tax accountant, and
will thus continue to be available to S.A.G. Solarstrom AG in a consulting
capacity.
Christoph Koch's tasks will be redistributed in the Executive Board. Dr.
Karl Kuhlmann will take on the area Legal Affairs in addition to his other
responsibilities, Ulrich Kenk will take over the areas Corporate Financing,
Liquidity Control, Investor Relations and Taxes, Karin Schopf will manage
the areas Solar Power Plants and Project Financing. Both Corporate and
Project Financing are key issues for the successful future development of
the company, in view of the environment in the industry sector. The company
takes this into account by assigning the tasks from these areas directly to
the Executive Board. Both Karin Schopf and Ulrich Kenk held long-term
responsible positions in these areas before they were appointed to the
Executive Board.
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 230 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 m:access rules and standards of the
Munich Stock Exchange.
Further information: www.solarstromag.com
Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311
e-mail: pr(at)solarstromag.com / ir(at)solarstromag.com
End of Corporate News
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23.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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(at)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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171148 23.05.2012
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