Thus far, 2011 appears to have been a chaotic year for Conergy: at the beginning of the year it was announced that the company’s 2010 sales had increased by 50%, by the end of the summer it had completed a number of solar park projects worldwide, including in the UK and Germany and building the Gran Canaria’s largest solar installation but that success has been tainted with the shutting down of its Frankfurt plant last month and a purge of the supervisory board which now includes Dr. Sebastian Biedenkopf, CFO at Conergy.
According to Conergy, Dr Biedenkopf has “exercised his special right of termination” and “according to the contractual arrangement he will leave the company at the end of February 2012”.
The mass resignations at Conergy also saw the loss of John Marcarelli earlier this month to Phoenix Solar where he will serve as sales director for the US.
Dr Biedenkopf joined the company in 2008, as head of the legal, compliance, grants, subsidies and insurance divisions, when Conergy was involved in a dispute with polysilicon supplier MEMC, over their solar wafer supply contract. Dr Biedenkopf was substantially involved in the eventual settlement with MEMC and in the Conergy capital increase in 2008. He was also intensively involved in the refinancing discussions. Dr Sebastian Biedenkopf was appointed to the company’s management board in September 2010.