DGAP-News: 3W Power Holdings S.A. / AEG Power Solutions : 3W Power / AEG Power Solutions Listed Today in Frankfurt Stock Exchange Regulated Market-Gerhard Henschel Appointed CFO Amid Further Top Management Promotions
(firmenpresse) - DGAP-News: 3W Power Holdings S.A. / AEG Power Solutions / Key word(s):
Miscellaneous
3W Power Holdings S.A. / AEG Power Solutions : 3W Power / AEG Power
Solutions Listed Today in Frankfurt Stock Exchange Regulated
Market-Gerhard Henschel Appointed CFO Amid Further Top Management
Promotions
17.12.2010 / 08:30
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3W Power / AEG Power Solutions Listed Today in Frankfurt Stock Exchange
Regulated Market-Gerhard Henschel Appointed CFO Amid Further Top Management
Promotions
The shares of 3W Power Holdings S.A. started trading today in the Prime
Standard of the Frankfurt stock exchange (Frankfurter Wertpapierbörse).
Simultaneously, the Company, announced nominations of CFO, CTO and CSO
after successfully issuing a EUR100 million bond to fund strategic
repositioning
Luxembourg - December 17, 2010 - 3W Power Holdings S.A. (WKN A0Q5SX / ISIN
GG00B39QCR01 / Ticker: 3W9). Dr Horst J. Kayser, CEO of 3W Power
Holdings/AEG Power Solutions, the holding company of AEG Power Solutions
Group, has opened the trading of the company shares on Regulated Market
(Prime Standard) of the Frankfurt stock exchange (FWB) today.
This step comes after the Company has successfully placed a bond of EUR100
million to secure its long term funding for AEG PS's growth strategy in the
renewable energies market and the re-alignment of its business. 3W Power
/AEG Power Solutions is consequently fulfilling at a quick pace the
commitment that Dr Horst J. Kayser made at the end of August when
disclosing its 'Agenda 2012' program.
Also today, as part of this agenda, AEG Power Solutions announces the
appointment of Gerhard Henschel, as Chief Financial Officer of the Group.
The appointment takes effect on March, 1 2011. Mr Henschel will be
appointed as an executive director of 3W Power and AEG Power Solutions.
Gerhard Henschel, joins 3W Power /AEG Power Solutions from MAN SE, a
leading European manufacturer of commercial vehicles, engines and
mechanical engineering equipment, where he is currently Senior Vice
President in charge of operating and strategic controlling of the group. In
his new role, he will oversee AEG PS's controlling, treasury and corporate
finance functions, as well as legal, risk management&compliance and IT,
and will lead Investor Relations.
Commenting on the appointment, Dr Horst J. Kayser, Chief Executive Officer
of AEG PS and Executive Member of the Company's Board of Directors, said,
'Gerhard Henschel is an experienced executive with a strong track record in
industry and finance. He combines broad capital markets expertise with
in-depth controlling knowhow, which will help to focus even more on
financial performance and to position the company successfully in the
financial markets now that our shares are listed on the Prime Standard in
Frankfurt. I look forward to working with him and I know that AEG PS will
greatly benefit from his competence as we continue to advance the Company's
growth strategy.'
In addition, AEG Power Solutions announced the promotions of Gladwyn de
Vidts and Dr. Peter Wallmeier to the positions of Chief Strategy Officer
(CSO) and Chief Technology Officer (CTO) of the Group, respectively.
Currently Vice President ofAEG PS's Power Control Systems strategic
business unit, Gladwyn De Vidts will retain this responsibility in his new
role, which takes effect on January 1, 2011. As CSO, he will succeed Robert
Huljak, who is retiring at the end of December. Dr Wallmeier's promotion
as Chief Technical Officer takes effect on December 1, 2010. He retains his
duties as R&D Director for the Power Control Systems activity and succeeds
Laszlo Lakatos-Hayward, who is leaving the Group.
Dr Kayser stated, 'At AEG PS, we are very fortunate to be able to draw on
significant internal talent and I am pleased to recognize that fact through
these key promotions. The Power Control Systems business has been very
successful under Gladwyn De Vidts' leadership over the past five years and,
during the polysilicon market downturn, he demonstrated he had the vision
to experiment with new paths. As Chief Strategy Officer, his experience and
talent will greatly contribute to AEG PS's success and development as it
follows the path initiated by Robert Huljak, from traditional power
electronics into a leading energy efficiency and renewable energies
business. Peter Wallmeier is a talented addition to the Company's
management team. In the two years since he joined the Company, he has
driven the successful evolution of a number of products and managed the
major technology breakthrough we announced last September with the
ThyroboxTM PI. His academic background, experience and ability to transform
an idea into true innovation are major assets for a group like AEG Power
Solutions, which is building its future on its technological leadership. I
look forward to working with this talented team as we apply and accelerate
AEG PS's growth strategy.'
Gerhard Henschel, age 46, has been Senior Vice President Controlling at MAN
SE for the past two years. Prior to joining MAN, he spent 10 years at
Infineon Technologies AG. During his tenure at Infineon, he was notably
Chief Financial Officer and Group Vice President of the Automotive,
Industrial and Multimarkets division. He also served as Infineon's Group
Treasurer supporting the IPO in 2000. He joined Siemens AG in 1998 as Head
of Debt Capital Markets. Prior to this move, he spent six years with the
former Bayerische Hypotheken- und Wechsel-Bank AG (now
HypoVereinsbank/Unicredito) and fulfilled a number of management roles in
Germany and abroad. Born in Hamburg in 1964, Gerhard Henschel holds a
degree as Master of Business Administration (MBA), bachelor of commerce
(Diplom-Kaufmann) from the University of Hamburg.
Gladwyn De Vidts, age 41, has been Vice President of AEG PS's Power Control
Systems strategic business unit (then Saft Power Systems) since 2005. He
began his career in 1993 with the Alcatel Group, where he held various
positions in training, service and project management. Between 2000 and
2002, he directed the Strategic Development department of Saft Power
Systems Group after which he became Managing Director of the German
subsidiary until Saft Power Systems was spun off by Alcatel to private
equity firm Ripplewood in 2005 to form AEG Power Solutions. Born in
Belgium, Gladwyn De Vidts holds degrees in electrical engineering and
aerospace engineering from the University of Ghent, Belgium.
Dr. Peter Wallmeier, age 43, joined AEG Power Solutions in 2008 as Director
of Research and Development for the Power Control Systems strategic
business unit. He began his career in 1994 as a project engineer at ZIAM
GmbH, in charge of EMI (Electromagnetic Interference) simulation products.
Between 1995 and 2000, while completing his PhD studies, he was a
scientific assistant in the Power Electronics and Electrical Drives
laboratory of the University of Paderborn. In 2000 he joined Infineon
Technologies as a senior project engineer for their IGBT (Insulated Gate
Bipolar Transistor) module development group. In 2001, he joined Ascom
Energy Systems; moving in 2003 to Delta Energy Systems' Custom Design Power
Supply business unit. In 2006, he was named Director of R&D for the
complete Custom Design Business Unit of Delta. Peter Wallmeier holds a
degree in engineering and a PhD in electrical engineering, both from the
University of Paderborn.
About 3W Power/AEG Power Solutions
3W Power Holdings S.A. is the holding company of AEG Power Solutions Group.
Shares and Warrants in the company are admitted to trading on NYSE
Euronext, Amsterdam (ticker symbol: 3WP and 3WPW, respectively).
Additionally, the shares are traded on the Frankfurt Stock Exchange (ticker
symbol: 3W9)
AEG Power Solutions is a world provider of premium power electronics. It
offers one of the world's most comprehensive product and service portfolios
in power conversion and control, for customers spanning the infrastructure
markets of energy, telecom, lighting, transportation and general industrial
sectors. System solutions from AEG PS are designed to interface with the
electrical power grid and to offer power solutions for mission-critical
applications in harsh environments, such as power plants, offshore oil
rigs, chemical refineries, and utility-scale renewable energy plants. The
company has developed a full range of products for the solar energy
industry, from solar inverters to turnkey solutions and is investing in
solutions that will enable distributed power generation and smart
micro-grids. Renowned for engineering excellence, the company's customers
benefit from over a century of expertise.
Headquartered near Amsterdam, AEG PS generated revenue of EUR400 million in
2009 with more than 1,500 employees around the world.
AEG Power Solutions became a public company in 2009 following a business
combination with 3W Power Holdings Ltd. (formerly Germany1 Acquisition
Ltd). Shares in the combined company are listed on the Frankfurt stock
exchange (ticker: 3W9) and Euro next Amsterdam (ticker: 3WP).
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
For more information:
Media Relations
Claire Pairault Jan Hoppe
T: +33 (0)6 19 60 91 64 Burson-Marsteller
M: +33 (0)1 55 51 10 76 T: +49 (0)69 2 38 09 59
E: claire.pairault(at)aegps.com E: jan.hoppe(at)bm.com
Investor Relations
Jeffrey Casper Christian Hillermann
Hillermann Consulting
M: +31 (0)61 09 75 830 T: +49 (0)40 32 02 79 10
E: jeffrey.casper(at)aegps.com E: office(at)hillermann-consulting.de
End of Corporate News
17.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: 3W Power Holdings S.A. / AEG Power Solutions
Weerenweg 29
1161 AH Zwanenburg
NiederlandePhone: +31 20 4077 800
Fax: +31 20 4077 801
E-mail: claire.pairault(at)aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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106788 17.12.2010
Datum: 17.12.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 32885
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