Manz dismisses CFO

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The Supervisory Board of Manz AG has dismissed its CFO, Gunnar Voss von Dahlen with immediate effect.

The company said the decision arose due to differing views on the company’s future strategic direction, without providing further details. It told pv magazine it does not intend to further comment on the decision.

Manz said that the CFO functions will provisionally be taken over by CEO, Eckhard Hörner-Marass and the COO, Martin Drasch.

Gunnar Voss von Dahlen has been CFO of the German PV equipment provider since June 2017. Previously, he worked as a commercial manager at Heidelberger Druckmaschinen AG.

A few days prior to today’s announcement, Manz released its preliminary results, reporting record sales for the past financial year, as well as a positive EBIT. Final results will be published on March 29.

In mid-2016, Shanghai Electric joined Manz as a shareholder, thus securing the future of its PV business. As part of a capital increase, the Chinese group acquired 43% of the company’s shares.

At the end of 2016, the German company signed a framework agreement with the Chinese partners on strategic cooperation in the CIGS sector. During the course of this, Manz secured a purchase price of €50 million for subsidiary, Manz CIGS Technology GmbH, which was acquired by the joint venture.

In addition, orders worth €263 million were taken for the construction of the factory and the research line in China, which have been under construction since the beginning of the year