SolarWorld has expanded its management board with the appointment of Colette Rückert-Hennen, who will join the company in the function of chief human resources and brand officer, effective July 1, 2011.
Dr. Claus Recktenwald, chairman of the SolarWorld supervisory board said, “With Mrs. Rückert-Hennen, the management board of SolarWorld 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 the company said, “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.”
SolarWorld has also taken steps towards financing further growth, successfully issuing 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% per annum. The denomination amounts to €1,000.
The bond has mainly been placed with financial institutes and intermediaries in the private investment sector in Germany and other European countries. Commerzbank and Deutsche Bank are the joint lead managers of the transaction.
Philipp Koecke, CFO of SolarWorld said, “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.”