REpower Systems AG reorganizes Executive Board
Per Hornung Pedersen leaving the Company as of March 31, 2011 / Executive Board will be reduced to four board members as of April 1, 2011
CEO Andreas Nauen will in the future take on Pedersen's remit. The Group Executive Board will accordingly be reduced from five to four members as of April 1, 2011.
Mr. Tulsi R. Tanti, Chairman of the Supervisory Board of REpower Systems AG, thanked Mr. Pedersen for his achievements: "Per Hornung Pedersen has worked with the Group for over seven years. He began Suzlon's international operations from scratch and was subsequently appointed as CEO of REpower where he oversaw significant top and bottom line growth. I understand and respect Per's decision to move on from his role as chief market officer. He is a good and loyal friend of the Group's and I know that will continue for many years to come. We wish him well for the future."
REpower CEO Andreas Nauen added: "On behalf of the entire Executive Board I would like to thank Per for his helpful cooperation. I would like to thank him personally for the good support he gave me after my appointment as CEO in July 2010, which I very much appreciate."
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