Change of CEO at Innotech Solar

München, (PresseBox) - Since ITS was established in autumn 2008, under the leadership of Thor-Christian Tuv, the ITS team has grown the company rapidly and developed a strong position as the world's leading PV producer of high quality «greener than green» PV modules. They have done so whilst uniquely managing to establish and maintain competitive pricing with leading Chinese companies.

Recognising that Innotech Solar is now entering a new stage of its development, focusing on establishing a long-term growth strategy to meet the new challenges that the PV industry will be facing, Thor-Christian Tuv and board have evaluated different growth paths. The evaluation has revealed a difference of opinion. The board has decided to introduce new and different skills, expertise and capabilities at the CEO level. In this context, effective immediately, David Hogg will take up the position as CEO of Innotech Solar.

David is among the most broadly experienced senior professionals in the field of solar photovoltaics, with a career spanning 25 years in Australia, Europe and China. Over the last two years David has served as Suntech Power's COO based in China and in the year before that as Suntech's head of European operations based in Switzerland. In those positions he was responsible for driving operational and customer oriented changes and improvements. In the 14 years before joining Suntech, David was CEO of the technology company CSG Solar in Germany and before that, Pacific Solar in Australia.

"On behalf of the Board of Directors, I take the opportunity to extend my gratitude to Thor-Christian Tuv for his valuable contribution to the establishment and building of ITS", says Tellef Thorleifsson, Chairman of Innotech Solar.

A press photo of CEO David Hogg is available for download at: ftp://ftp460647:emuDY1uTeRygATAb@ftp.solarpraxis.de

www.innotechsolar.com

ITS Innotech Solar Module GmbH

The Innotech Solar Group is an international supplier of PV modules. The company specializes in analyzing and optimizing solar cells and uses industrial processes developed by its own research teams for this purpose. Innotech Solar currently has a cell production capacity of more than 160 megawatts. The company's original production line is located in Narvik, Norway, where the parent company is headquartered. The company produces a large proportion of its modules in a former REC solar factory in Glava, Sweden. With its fully automated production lines, it is one of Europe's most modern production plants. The various module series are sold via subsidiaries in Munich, California and Shanghai.

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