REpower Systems SE

EANS-News: REpower Systems AG
Gregor Gnädig New Member of the Board at REpower

- To take office as Chief Operating Officer (COO) from October 1, 2010 - CSCO Lars Rytter Kristensen will leave REpower as of Sept 30, 2010

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Board of Directors (Appointments and Changes)

Subtitle: - To take office as Chief Operating Officer (COO) from October 1, 2010

- CSCO Lars Rytter Kristensen will leave REpower as of Sept 30, 2010

Hamburg (euro adhoc) - The Supervisory Board of REpower Systems AG (WKN 617703) has announced that the responsibilities of the Executive Board of the company will be reorganised. The core competencies will be bundled in order to ensure further growth in international markets. As a result, the new position of Chief Operating Officer (COO) is being created from October 1, 2010. The role of the COO will be to continue the optimization within the entire order-to-delivery cycle - including procurement, production, logistics and project management - so that costs can be further reduced.

Gregor Gnädig (51) will take charge as the new COO at REpower. He most recently was Vice President Project Execution at Alstom Power, and Managing Director for the power station business in Great Britain and Ireland. Chief Supply Chain Officer (CSCO) Lars Rytter Kristensen (44) is terminating his Executive Board member service agreement by mutual agreement, with effect from September 30, 2010 and resigning as CSCO.

"With Gregor Gnädig we have acquired a very experienced manager for REpower," says Tulsi Tanti. "His performance in the fields of procurement and project management at Alstom is recognised throughout the industry." "The new organisation makes REpower even more customer oriented," says CEO Andreas Nauen. "We have therefore created a strong base for our future growth." Gregor Gnädig began his career in 1987 as an engineer in the United States after graduating in mechanical engineering at the University of Karlsruhe (Germany). From 1990 onwards, he worked in ABB´s power station division in the technical sales department and in product management. In 2000, he moved to Alstom, where one of his tasks was to build up and establish an international sourcing organisation for the industrial plant business. In his last post he was also responsible for the British power station segment. "I have always worked for companies which were regionally strong, but wanted to make use of global synergies," says Gregor Gnädig. "This is also an attractive challenge of my new responsibilities at REpower."

Tulsi R. Tanti, Chairman of the Supervisory Board at REpower Systems AG: "I would like to thank Mr Kristensen, on behalf of the entire Supervisory Board, for his personal commitment and dedication to the company. Mr. Kristensen has successfully completed his tasks as the CSCO since April 2008. He has successfully advanced the optimisation of the structures and processes of the global purchasing organisation. Indeed Production, led by Mr. Kristensen, delivered an increase in capacity of more then 30 per cent without requiring significant investments to achieve this. We wish him every success in the future."

From October 1, 2010, the Board of Directors at REpower Systems AG will consist of Andreas Nauen (CEO), Gregor Gnädig (COO), Derrick Noe (Chief Financial Officer), Per Hornung Pedersen (Chief Market Officer), and Matthias Schubert (Chief Technology Officer).

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ots Originaltext: REpower Systems AG
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Further inquiry note:
Caroline Zimmermann
Tel.: +49(0)40-5555090-3025

Branche: Alternative energy
ISIN:      DE0006177033
WKN:        617703
Index:    CDAX, Prime All Share, Technology All Share
Börsen:  Berlin / Open Market
              Hamburg / Open Market
              Stuttgart / Open Market
              Düsseldorf / Open Market
              München / Open Market
              Frankfurt / regulated dealing/prime standard

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