Tous Actualités
Suivre
Abonner REpower Systems SE

REpower Systems SE

REpower restructures management level

Hamburg (euro adhoc) -

-	Current Supervisory Board members Dr. Hans-Joachim Reh and Dr. 
Jorge Martins resign from office at the end of the year -	CEO Prof. 
Fritz Vahrenholt and André Horbach in company's Supervisory Board as 
of 1 January 2008 -	Per Hornung Pedersen to become REpower’s CEO -	
Executive Board to be expanded to five members in first half of 2008
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
Hamburg, 2nd November 2007. In preparation for
the planned growth in the coming years, the management level of 
REpower Systems AG (WKN 617703) is to be restructured. This was 
resolved by the Supervisory Board in its meeting today.  Dr. 
Hans-Joachim Reh and Dr. Jorge Martins will resign from their office 
as members of the Supervisory Board at the end of the year. Prof. 
Fritz Vahrenholt will withdraw from the day-to-day business as CEO of
the wind turbine manufacturer by the end of year and move to the 
Supervisory Board. Mr. André Horbach, Group CEO of Suzlon will also 
join the Supervisory Board. Prof. Dr. Vahrenholt and André Horbach 
shall be appointed by the local court. It is also intended that Mr. 
Vahrenholt will be elected as the Deputy Chairman of the Supervisory 
Board. The Supervisory Board has appointed Per Hornung Pedersen as 
CEO from 1 January 2008.
Pedersen's last position was that of CEO of Suzlon Energy A/S in 
Aarhus, Denmark, a subsidiary of Suzlon Energy Ltd., Pune. The Indian
company controls 86.5% of voting rights in REpower Systems AG.
In addition to Pieter Wasmuth and Matthias Schubert, two new members 
of the Executive Board, as yet unnamed, will be appointed during the 
first half of 2008. They will be responsible for the following 
corporate divisions: Purchasing, Production and Logistics and Sales, 
Marketing, Project Management and Asian business.
Vahrenholt, who holds a Ph.D. in chemistry and has been appointed a 
professorship in Chemistry at Hamburg University, was the Senator for
the Environment of the city of Hamburg from 1991 to 1997. As a member
of the Executive Board at Deutsche Shell, he was responsible for the 
divisions Renewable Energies and Chemicals. He had then managed the 
REpower Company, which was formed in 2001 by the merger of several 
companies, since its inception. Under his leadership, REpower 
successfully went public in March 2002 and went from being just a 
North Frisian pioneer in wind energy to becoming Germany's 
third-largest manufacturer of multi-megawatt wind energy turbines for
onshore and offshore applications in just five years. During his term
in office, the company successfully continued its international 
expansion: REpower founded subsidiaries and investments in countries 
including France, the UK, Portugal, China, Australia and, most 
recently, the US. Its export share has now risen to over 70%.
Prof. Vahrenholt was always particularly interested in expanding 
offshore business; the company began developing a high performance, 
competitive turbine for operation at sea early on, creating the 
REpower 5M. The commissioning of the prototype in spring 2005 and the
successful, first-time installation of two 5Ms in the North Sea were 
key milestones for the turbine manufacturer. This year, Vahrenholt 
successfully guided REpower through a lengthy takeover battle.
Mr. Tulsi R. Tanti, Chairman of the Supervisory Board of REpower 
Systems AG, thanked Prof. Vahrenholt, saying: "He is an extraordinary
business and political personality. Not least, it was his far-sighted
strategic planning that made REpower such an attractive company for 
Suzlon. On behalf of the entire Supervisory Board, I wish to thank 
him for his more than dedicated personal commitment and am delighted 
that he will be staying with REpower as a member of the Supervisory 
Board where his wide experience, knowledge and commitment will help 
us to guide and mentor the management of REpower"
Having previously held positions such as that of director of Bosch 
Telecom Danmark A/S and CFO of NEG Micon, now owned by Vestas, since 
1 August 2004, the designated CEO of REpower, Per Hornung Pedersen, 
was the CEO of Suzlon Energy A/S, responsible for expanding the 
company outside India and the associated development of Suzlon 
subsidiaries in countries including Denmark, the US, Australia, 
China, Spain or Brazil.
Tulsi R. Tanti welcomed Pedersen's appointment, stating, "As an 
experienced manager in the wind energy area who has already worked in
Germany, he has the right profile and business skills to take REpower
into the next phase of growth and profitability together with the 
other members of the Executive Board."
end of announcement                               euro adhoc 02.11.2007 13:13:50

Further inquiry note:

Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Plus de actualités: REpower Systems SE
Plus de actualités: REpower Systems SE
  • 02.11.2007 – 13:06

    euro adhoc: REpower Systems AG / Management Changes / REpower restructures management level

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Company Information 02.11.2007 - Current Supervisory Board members Dr. Hans-Joachim Reh and Dr. Jorge Martins resign from office at the end of the year - CEO Prof. Fritz Vahrenholt and André Horbach in company's Supervisory Board as of 1 ...

  • 30.10.2007 – 16:31

    REpower announces preliminary financial figures

    - Total performance up by 32.5 percent to EUR 394.1 million - EBIT more than doubled to EUR 7.9 million - Order backlog increased by 40.6 percent to 1,219 megawatts ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. companies Hamburg (euro adhoc) - Hamburg, 30 October 2007. From January to September 2007, REpower Systems AG (Prime Standard, WKN 617703) ...

  • 14.08.2007 – 08:25

    REpower Systems AG announces financial figures for the first half year 2007

     Sales increase to EUR 200.2 million  Orders on hand jump over 1,000 MW  More than 300 new jobs created ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. stock market/Half year report Hamburg (euro adhoc) - Hamburg, 14 August 2007. REpower Systems AG (WKN 617703) increased ...