Dr. Erik Ehrentraut Elected New Chairman of SMA Supervisory Board
Dr. Erik Ehrentraut served on the Managing Board of Flachglas AG from 1987 to 2000, and was its Chairman from 1991. At the same time, he held the position of Chairman of the Managing Board at Pilkington Deutschland GmbH from 1991 to 2000. Additionally, Dr. Erik Ehrentraut was Chairman of the Managing Board at FLABEG GmbH from 2000 to 2002. He had already chaired the Supervisory Board of SMA Solar Technology AG from 2004 until Günther Cramer was elected Chairman of the Supervisory Board in 2011. Kim Fausing, COO of Danfoss A/S, succeeds him as Deputy Chairman of the Supervisory Board.
The SMA Supervisory Board, which represents shareholders and employees equally, consists of Roland Bent, Peter Drews, Dr. Erik Ehrentraut (Chairman), Kim Fausing (Deputy Chairman), Dr. Winfried Hoffmann and Reiner Wettlaufer on the shareholder side. The employees are represented by Oliver Dietzel, Dr. Günther Häckl, Johannes Häde, Heike Haigis, Joachim Schlosser and Mirko Zeidler.
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.
SMA Solar Technology AG
The SMA Group with expected sales of more than €790 million in 2014 is the global market leader for solar inverters, a key component of all PV plants and, as an energy management group, offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries. The Group employs more than 5,000 people worldwide. SMA's broad product portfolio includes a compatible inverter for every type of module on the market and for all PV system sizes. The product range includes system technologies for grid-connected photovoltaic systems as well as off-grid and hybrid systems. The service portfolio is supplemented by comprehensive services and operational management of large-scale PV power plants. Since 2008, the Group's parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index.