News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar/3w-power-holdings-makes-new-appointments-as-it-lists-in-frankfurt.html

3W Power Holdings, the holding company of solar equipment manufacturer AEG Power Solutions, has started trading its shares on the Frankfurt Stock Exchange.

Simultaneously, the company has appointed a new chief financial officer (CFO), chief technology officer (CTO) and chief strategy officer (CSO) after successfully issuing a €100m bond to fund strategic repositioning.
AEG has developed a range of products for the solar energy industry – including solar inverters and turnkey solar solutions – and the listing forms part of its Agenda 2012 programme.
AEG has appointed Gerald Henschel as CFO of the group and will take up the position on 1 March, at which time he will then be appointed as an executive director of both 3W Power and AEG Power Solutions.
Dr Horst Kayser, chief executive officer of AEG and executive member of the company’s board of directors, said Henschel has a strong track record in both industry and finance.
‘He combines broad capital markets expertise with in-depth controlling know-how, which will help to focus even more on financial performance and to position the company successfully in the financial markets, now that our shares are listed on the Prime Standard in Frankfurt,’ Kayser said.
AEG has also appointed Gladwyn de Vidts and Dr. Peter Wallmeier to the positions of CSO and CTO of the group, respectively.