Ilonka Nussbaumer Takes Over From Reiner Wettlaufer on SMA Supervisory Board

Ilonka Nussbaumer (PresseBox) ( Niestetal, )
Kassel District Court appointed Ilonka Nussbaumer, Senior Vice President and Head of Human Resources at Danfoss, as a member of the Supervisory Board of SMA Solar Technology AG (SMA/FWB: S92). The new shareholder representative was appointed after Reiner Wettlaufer, co-founder, former CFO and long-standing Supervisory Board member of SMA, stepped down for personal reasons. Ilonka Nussbaumer will bring in particular her international management experience in the field of human resources to the Board.

“We would like to thank Reiner Wettlaufer for his many years of dedicated work on the Supervisory Board,” said Dr. Erik Ehrentraut, Chairman of the Supervisory Board of SMA Solar Technology AG. “As one of the four founders of SMA, Reiner Wettlaufer has dedicated his entire professional career to the company and applied his outstanding financial and technical expertise to play a key role in SMA’s development into a world-leading specialist in photovoltaic systems technology. Furthermore, Reiner Wettlaufer has also contributed to establishing a unique cooperative and transparent corporate culture since the company was founded, without which the company’s economic success would not have been conceivable. The Supervisory Board deeply regrets to see Reiner Wettlaufer go but respects his decision. We are pleased that Ilonka Nussbaumer, an extremely competent and highly qualified individual, will succeed him as a member of the SMA Supervisory Board. She is an internationally experienced manager with outstanding knowledge, particularly in the field of human resources, from whom SMA can enormously benefit on its path to becoming a system and solution provider.”

Since February 1, 2019, Ilonka Nussbaumer has been Senior Vice President and Head of Human Resources at Danfoss (Nordborg, Denmark), a world-leading provider of technologies for various industries that employs more than 25,000 people in over 100 countries. Prior to this, she had global HR responsibility at the multinational family-owned company Voith with 19,000 employees, where she acted as Senior Vice President from March 2011. She moved there after almost ten years at the Schaeffler Group, where she had held various management roles in the Human Resources area, most recently as Vice President for Automotive Human Resources.

Disclaimer:
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.
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