Novatec Solar appoints Dr. Christoph Wolff as Chief Executive Officer

Karlsruhe, (PresseBox) - The Chairman of Novatec Solar’s Shareholder Committee, Guido Belgiorno-Nettis has announced the appointment of Dr. Christoph Wolff as Chairman of the Management Board and Chief Executive Officer effective 5th March 2012.

Dr. Christoph Wolff has more than twenty years management experience in the logistics, automotive and chemical sectors which he gained in his time working for McKinsey & Company and DB Schenker. His brief tenure at Solar Millennium has given him a solid understanding of the global solar thermal market.

Dr. Christoph Wolff has studied mechanical and industrial engineering in Germany and Switzerland and holds a PhD in engineering from RWTH Aachen University.

Hans-Gerd Fischer, Novatec Solar’s Interim CEO will continue to serve on Novatec Solar’s Management Board and will continue with his responsibility for Project Development.

“We are very pleased to have Christoph joining our board. With Christoph’s extensive experience in the areas of infrastructure and logistics, Novatec Solar is well prepared to meet the challenges of establishing its product as a market leader in the global CSP market place,” said Guido Belgiorno-Nettis.

“I am very excited to step into the leadership of Novatec Solar. With its competitive Fresnel technology, Novatec Solar has established itself as cost leader in global markets with strong support from Transfield Holdings and ABB. It is my mission to continue on this path and grow Novatec’s footprint in global energy markets,” adds Christoph Wolff.

About Novatec Solar
Novatec Solar is a leading technology provider and original equipment manufacturer of efficient, low cost direct solar steam generators (solar boilers) based on Fresnel collector technology. Novatec Solar’s proven solar field technology generates steam with temperatures up to 500°C. Novatec Solar undertakes manufacture, supply, turnkey delivery and operation of solar boilers for a range of applications including power stations, desalination plants and industrial processes.

About Transfield Holdings
Transfield Holdings is a leading Australian development and investment company. Transfield has investments in Transfield Services Limited and Campus Living Villages, each of which have significant activities internationally. Transfield Holdings has been the majority shareholder in Novatec Solar since 2007.

About ABB
ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 135,000 people. In March 2011, ABB acquired a 35 percent shareholding in Novatec Solar.


Media Contact:
Jutta Glänzel
Tel: +49 1622857 221
jutta.glaenzel@novatecsolar.com

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