Colette Rückert-Hennen new on SolarWorld AG Management Board06-07-11
SolarWorld AG floats € 150 million bond
Against the background of the growth and the increasing internationalization, SolarWorld AG has expanded its Management Board. Effective July 1, 2011, the Supervisory Board appointed Colette Rückert-Hennen as a new member of the Management Board in the function of Chief Human Resources and Brand Officer. The lawyer will take over responsibility for these areas by the side of her four Management Board colleagues. She is a recognized expert and has long years of experience in international management.
Dr. Claus Recktenwald, Chairman of the Supervisory Board, said on the appointment of the new member of the Management Board: “With Mrs. Rückert-Hennen, the Management Board of SolarWorld AG gains an internationally experienced and highly qualified management personality. I very much look forward to the cooperation.“
Dr.-Ing. E. h. Frank Asbeck, Chairman and CEO of SolarWorld AG, welcomes the appointment: “With Colette Rückert-Hennen, the right woman joins SolarWorld at the right time. Our employees and the SolarWorld brand are our most important assets and our competitive advantages for our future international corporate success. With her wealth of experience and her personality, she will help us make progress in these areas.“
Floating of a 150 million bond for further growth
Also with a view to financing its further growth SolarWorld AG has strengthened its position and has successfully issued a bond with a volume of € 150 million. The bond has a time to maturity of five years and will carry an interest rate of 6.375 percent per annum. The denomination amounts to € 1,000. It is planned to list the bond at the Luxembourg stock exchange: WKN: A1H3W6, ISIN: XS0641270045, Common Code: 064127004.
The bond has mainly been placed with financial institutes and intermediaries in the private investment sector in Germany and other European countries. Commerzbank AG and Deutsche Bank AG are the joint lead managers of the transaction.
Philipp Koecke, CFO of SolarWorld AG: “We are happy that we again managed to gain the trust of the capital market and to float a bond successfully. It forms another building block for the financing of the international growth of the company.“ In 2010, the group had already issued a bond.
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. The group´s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs more than 3,600 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.
More informations about Colette Rückert-Hennen here
SolarWorld AG Investor Relations / Group Communications
Tel.-No.: 0228/55920-470; Fax-No.: 0228/55920-9470,
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