By .(JavaScript must be enabled to view this email address) - 16 March 2010, 12:07
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Solar Millennium CEO quits without warning

Solar Millennium CEO, Utz Claassen has unexpectedly resigned after serving in the position for only three months. The company faced a management shake-up and tumbling shares this morning as the news reached concerned investors.

Claassen gave no details about his decision to leave, except for referring to his contractual right to quit his office within a certain period. "The resignation came unexpectedly," said Helmut Pflaumer, chairman of the supervisory board.

Company shares fell as much as 35% on Tuesday March 16, as investors reacted to the unforeseen resignation. Shares fell 13% to €25.13 in late morning trading on Xetra. Previous to that, they plunged to an intraday low of €18.88.

Claassen took on the position at Solar Millennium on Jan. 1 this year. Previously, he had served as CEO of EnBW Energie Baden-Württemberg from 2003 to 2007.

The duties of the management board will be reorganized "in due course to ensure the sustainable growth of Solar Millennium," Pflaumer concluded.

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Photovoltaics International 16th Edition

This sixteenth edition of Photovoltaics International marks four years of production of the quarterly journal. As always, our focus is on efficiency and quality improvement and cost reduction in manufacturing. As 2012 rolls along, companies are falling by the wayside due to supply and demand issues, ASP declines and drastic governmental subsidy cuts. A clear picture of 2012 is offered through papers from the likes of TÜV Rheinland, Fraunhofer ISE, SEMI PV Group and EPIA, amongst others.
Photovoltaics International Lite, Volume 05 - 2011

This digital interactive Lite sees Tom Cheyney follow Agua Caliente’s progress on becoming one of first truly utility-scale PV power farms, where 40–50MW (AC) will be commissioned by the end of the year. We also feature one of the world’s largest silicon thin-film PV power plants, Avenal; a report on warnings of the collapse of module prices from Solarbuzz and PI-Berlin presents tips on PV module testing. A print version of this edition will be distributed at Solar Power International 2011 in Dallas, Texas.
Manufacturing The Solar Future: The 2012 Production Annual

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Solar Millennium CEO quits without warning

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