PV equipment and technology supplier centrotherm photovoltaics is to pass control of its Solar Cell & Module division to a subsidiary company.
The newly-formed centrotherm cell & module GmbH is wholly-owned by centrotherm photovoltaics and will assume management of the solar division as of September 1. All relevant staff and assets will be passed from centrotherm photovoltaics to centrotherm cell & module GmbH, which will be based in Blaubeuren, Germany, but the restructuring process will not affect the parent company’s production sites. The new subsidiary will be led by Dr. Josef Haase as CEO, and Olaf Demuth as CFO.
Robert M. Hartung, CEO and Management Board Spokesman of centrotherm photovoltaics AG said, “We are convinced that with this market-oriented organization that is strongly geared to implementation, we have created an excellent basis for further profitable growth, innovative strength, and the extension of our technology-leadership.”