Nedim Cen will remain CEO of Q-Cells SE

 

Nedim Cen, so far Managing Director at restructuring advisor Alvarez & Marsal (A&M), had taken on the CFO position at Q-Cells SE back in June 2009 as well as the CEO position in March 2010 on an interim basis. He has since successfully led the restructuring and transformation of the company and will now remain in office on the basis of a direct contract with Q-Cells SE. The position of CFO has been taken on by Marion Helmes since July 2010.

“We are very pleased that Dr. Nedim Cen has agreed to continue his work with Q-Cells. He has so far done an excellent job with restructuring and transforming the company,” said Karlheinz Hornung, Chairman of the Supervisory Board of Q-Cells SE. “The new strategy to develop Q-Cells into a provider of photovoltaic solutions is on its way. With the launch of solar modules we have taken the first successful step which is reflected in a positive operative result for the second quarter 2010. Yet, the way ahead is still strewn with obstacles which I am certain Nedim Cen, the Management Board and the whole Q-Cells team will handle appropriately.”

About Q-Cells:

The Q-Cells Group is one of the world’s leading photovoltaics companies. Its extensive product portfolio ranges from solar cells and modules to turnkey photovoltaics systems. Q-Cells’ products are developed and manufactured at its headquarters in Bitterfeld-Wolfen (Germany) and marketed via its global sales network. It also has a second production plant in Malaysia.

The more than 200 scientists and engineers at Q-Cells are working to swiftly advance solar technology and achieve Q-Cells’ twin aims: driving down the costs of photovoltaics quickly and permanently, and making solar power competitive. The close links between R&D and production enable Q-Cells to rapidly translate cutting-edge innovation into mass production – and underpin its ambition to be at the forefront of photovoltaic technology.

Contact:

Q-Cells SE
OT Thalheim
Sonnenallee 17 - 21
D-06766 Bitterfeld-Wolfen

Corporate Communications:
Ina von Spies
Tel.: +49 - (0)3494 - 6699 10121
presse@q-cells.com

Investor Relations:
Stefan Lissner
Tel.: +49 - (0)3494 - 6699 10101
investor@q-cells.com