Change at the Top for Conergy AG

Hamburg -- Conergy, Europe’s largest solar power company will have a new Chief Executive Officer and is strengthening its capital with financial inflows of EUR 100 million. The company’s founder and Chief Executive Officer, Hans-Martin Rüter, will resign following the publication of the results for the first nine months (12th November 2007); Dieter Ammer, the Chairman of the Supervisory Board, will become interim Chief Executive. Ammer, who, together with Rüter, founded Conergy nine years ago, will aim to continue the successful growth strategy, with a clear focus on profit and the core businesses. He will be supported by the new CFO, Dr. Jörg Spiekerkötter, a former Board Member of a DAX 30 company with experience of large companies, who joined the company on 1st November. Link.