25.04.2019 - Ad hoc announcement pursuant to Art. 53 LR

Meyer Burger completes transformation of Executive Board: Michael Escher to step down as Chief Commercial Officer

 

Press Release

Thun, 25 April 2019

 

Meyer Burger completes transformation of Executive Board: Michael Escher to step down as Chief Commercial Officer

 

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.

Contacts:

Ingrid Carstensen

Head of Corporate Communications

Phone: +41 (0)33 221 28 34

ingrid.carstensen@meyerburger.com

Stefan Diepenbrock

Senior Corporate Communications Manager

Phone: +41 (0)33 221 27 85

stefan.diepenbrock@meyerburger.com

 





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