Jan von Schuckmann to be Chief Restructuring Officer
Hans Autenrieth steps down from Management Board
The Supervisory Board of centrotherm photovoltaics AG has appointed Jan von Schuckmann as Chief Restructuring Officer (CRO) with effect as of June 18, 2012. In his Management Board role, he will be responsible for the further implementation of the ct focus restructuring program, and will oversee the current discussions with banks about the future financing of the centrotherm Group.
Hans Autenrieth, company founder and Management Board member of many years' standing, has decided as part of this restructuring to relinquish his Management Board mandate also with effect as of June 18, 2012. Hans Autenrieth will continue to be available to the company in a consultative function with his extensive experience and contacts.
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Supplementary information to the ad hoc announcement:
Jan von Schuckmann studied economics and draws on more than 15 years of restructuring experience. He has held positions at Herlitz AG between 2002 and 2011, most recently as CEO with responsibility for this listed group's strategic reorientation.
Hans Autenrieth intends to make himself available for this year's Supervisory Board elections.
"With Jan von Schuckmann, we have gained an expert for our management team who commands extensive experience from a restructuring process," commented Robert M. Hartung, CEO of centrotherm photovoltaics AG. "I would like to thank my Management Board colleague and co-founder Hans Autenrieth for his great commitment, and for the creation and establishment of centrotherm. It gives me great pleasure that he intends to continue to make his expertise available to us in the Supervisory Board."
About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is a globally leading technology and equipment provider for the photovoltaics sector. The company equips well-known solar companies and new sector entrants with turnkey production lines and single equipment to manufacture silicon, and crystalline solar cells and modules. As a consequence, the Group possesses a broad and well-founded technological basis, as well as key equipment at practically all steps of the photovoltaics value chain. centrotherm photovoltaics guarantees its customers important performance parameters such as production capacity, efficiencies, and completion deadlines. The Group employed around 1,900 staff as of the December 31, 2011 reporting date, and operates globally in Europe, Asia and the USA. centrotherm photovoltaics achieved revenue in the 2011 financial year of around EUR 700 million. The company is listed in the Prime Standard on the Frankfurt Stock Exchange.