As part of the transformation programme announced on October 16, 2018, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) planned to adapt the Executive Board to reflect the future structure and size of the company. Today Meyer Burger is completing the transformation of the Executive Board with the announcement that Michael Escher will step down as Chief Commercial Officer (CCO) and leave the Executive Board by the end of June 2019 following a 5-year career with the company.
Meyer Burger’s transformation towards a strategic focus on high efficiency cell and module technologies is in progress, as was clearly underscored by the recent announcement of the partnership and participation with Oxford PV. As a result of the company’s strategically streamlined product portfolio and sales organisation, the role of CCO at corporate level has become redundant.
Michael Escher was instrumental in defining Meyer Burger’s global sales strategy to strengthen the Meyer Burger brand with a one-face-to-the-customer approach. He played a pivotal role in the breakthrough of Heterojunction and SmartWire Connection (SWCT™) technologies by securing key contracts with leading players in the PV industry.
Hans Brändle, CEO of Meyer Burger, said: “On behalf of the entire company, I would like to sincerely thank Michael Escher for his support, customer focus and strong commitment to Meyer Burger during the past 5 years. Personally, I also want to thank Michael for his strong support during the implementation of our transformation process. We wish him all the best for his future, both professionally and personally.”
Following the departure of Michael Escher, CCO, and Daniel Lippuner, COO, (as announced on March 21, 2019) at the end of June 2019, the Executive Board will consist of three members: Dr Hans Brändle, CEO; Manfred Häner, CFO and Dr Gunter Erfurt, CTO.
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
Meyer Burger’s transformation towards a strategic focus on high efficiency cell and module technologies is in progress, as was clearly underscored by the recent announcement of the partnership and participation with Oxford PV. As a result of the company’s strategically streamlined product portfolio and sales organisation, the role of CCO at corporate level has become redundant.
Michael Escher was instrumental in defining Meyer Burger’s global sales strategy to strengthen the Meyer Burger brand with a one-face-to-the-customer approach. He played a pivotal role in the breakthrough of Heterojunction and SmartWire Connection (SWCT™) technologies by securing key contracts with leading players in the PV industry.
Hans Brändle, CEO of Meyer Burger, said: “On behalf of the entire company, I would like to sincerely thank Michael Escher for his support, customer focus and strong commitment to Meyer Burger during the past 5 years. Personally, I also want to thank Michael for his strong support during the implementation of our transformation process. We wish him all the best for his future, both professionally and personally.”
Following the departure of Michael Escher, CCO, and Daniel Lippuner, COO, (as announced on March 21, 2019) at the end of June 2019, the Executive Board will consist of three members: Dr Hans Brändle, CEO; Manfred Häner, CFO and Dr Gunter Erfurt, CTO.
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
