08.12.2016
SMA Solar Technology AG DE000A0DJ6J9
DGAP-News: SMA Solar Technology Changes Board Positions
DGAP-News: SMA Solar Technology AG / Key word(s): Change of Personnel
SMA Solar Technology Changes Board Positions
08.12.2016 / 17:30
The issuer is solely responsible for the content of this announcement.
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SMA Solar Technology AG - Corporate News
SMA Solar Technology Changes Board Positions
Niestetal, December 8, 2016 - The Supervisory Board of SMA Solar Technology
AG has resolved changes to the SMA Managing Board. Roland Grebe, Board
Member for HR, IT and Service Operations is resigning from the Managing
Board for personal reasons and leaving the company as of December 31, 2016.
The Supervisory Board took note of Grebe's intention with deep regret, but
accepts his decision. Roland Grebe and the Supervisory Board came to a
corresponding agreement today. The Supervisory Board has appointed Ulrich
Hadding as Board Member for Finance, HR and Legal effective January 1,
2017. Ulrich Hadding, employed at SMA since 2009, has most recently been in
charge of Finance and Legal and as the successor to Roland Grebe will also
take on the role of Labor Director. Pierre-Pascal Urbon, in addition to his
role as CEO, will concentrate on Sales and Service. In addition, the
Supervisory Board and Pierre-Pascal Urbon agreed upon a contract extension
by another five years to 2022. Dr. Jürgen Reinert will remain responsible
for Development, Operations and the business units.
"We deeply regret Roland Grebe's decision," said Dr. Erik Ehrentraut,
Chairman of the SMA Supervisory Board. "For over three decades, he has made
a crucial contribution to SMA's global success and shaped its corporate
culture in a remarkable way. Under his leadership in Research and
Development as well as Human Resources, a wide range of innovations were
generated that have significantly accelerated SMA's success. His departure
is a great loss both for the Supervisory and Managing Boards and for the
employees. We of course respect his decision and thank Roland Grebe for his
many years of dedicated work on the SMA Managing Board. We wish him all the
best for his future." But in equal measure the Supervisory Board is
delighted to be bringing another highly qualified SMA manager, Ulrich
Hadding, onto the Managing Board. "Ulrich Hadding has worked for SMA since
2009 and has demonstrated his exceptional expertise in various management
roles," said Ehrentraut. "He has extensive international experience and has
had a very trustful working relationship with the Managing Board for many
years as Head of Finance and Legal. The new appointment to the Managing
Board, the reallocation of responsibilities and the extension of Pierre-
Pascal Urbon's contract all create a high degree of stability. We are
firmly convinced that SMA is in an excellent position to successfully
defend its market leadership even in a market environment characterized by
rapid change and increasing price pressure."
Roland Grebe (b. 1960) joined SMA in 1984 and worked in various managerial
positions in Development and then Human Resources. Among other
achievements, he transformed the central inverter area from an individual
project processor into a serial manufacturer for power plant technology and
grew SMA's grid integration competencies to secure the future commercial
viability of its products. In June 2009, Roland Grebe was appointed to the
Managing Board of SMA. From March 2015, he was in charge of Human Resources
and IT and served as Labor Director.
Ulrich Hadding (b. 1968) held different positions at the SCHOTT Group in
Germany and abroad for ten years, most recently as Head of Legal &
Compliance for SCHOTT Solar AG. He moved to SMA in 2009, initially
establishing an internationally oriented Legal department and then the
Compliance function. He played a major role in nearly all of SMA's recent
M&A activities and successively took on further management functions, e.g.,
for Tax, Insurance, Controlling and Financial Project Management. Since the
end of 2015, he has been Head of Finance and Legal and member of SMA's
Executive Management Committee.
As of January 1, 2017, the Managing Board of SMA Solar Technology AG will
comprise the following members: Ulrich Hadding (Board Member for Finance,
Human Resources and Legal; contract until 2019), Dr.-Ing. Jürgen Reinert
(Deputy CEO, Board Member for Technology and Operations; contract until
2019), Pierre-Pascal Urbon (CEO, Board Member for Sales and Service;
contract until 2022).
About SMA
The SMA Group with sales of EUR1 billion in 2015 is the global market
leader for solar inverters, a key component of all PV plants, and offers
innovative key technologies for future power supply structures. It is
headquartered in Niestetal, near Kassel, Germany, and is represented in 20
countries. The Group employs more than 3,000 people worldwide. SMA has an
extensive range of products, which offers the right inverters for all
module types and plant sizes; for small residential systems as well as
large-scale plants, grid-connected photovoltaic systems as well as off-grid
and hybrid systems. Moreover, SMA offers system technology for various
battery technologies and system sizes and collaborates with renowned
battery manufacturers and companies from the automotive industry. The SMA
technology is protected by about 700 patents and utility models worldwide.
The range of services 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 is currently the
only company in the solar industry that is listed in the TecDAX index.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
[email protected]
Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
[email protected]
Disclaimer:
This press release 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 press release 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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08.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: [email protected]
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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528131 08.12.2016
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