The Supervisory Board appointed two financial experts – Karin Schopf and Ulrich Kenk – to the Board in February, to prepare for the change and to increase the number of persons on the Executive Board.
"Since 2008, Christoph Koch has been driving S.A.G. Solarstrom AG's new alignment with a high degree of commitment", says Dr. Peter Heller, Chairman of S.A.G. Solarstrom AG's Supervisory Board. "He approached us a while ago, and expressed his wish to leave the company in an orderly manner to pursue new career opportunities. After funding and closing of the major Serenissima project were successfully completed in March under his management, Karin Schopf and Ulrich Kenk can take over his tasks in the Executive Board as planned. We wish him all the best for the future and thank him for the successful work he performed for the company."
Christoph Koch was employed as a financial expert by the Group since February 2008. Most recently, he was responsible in the Executive Board for the areas Financing and Liquidity Control and Legal Affairs, as well as the entire Power Production business area at S.A.G. Solarstrom AG.
After completing his training and his degree in Business Administration, Koch was first employed at Coopers & Lybrand (PricewaterhouseCoopers today), most recently as audit manager. After various management roles in Accounting and Financial Accounting, including the Bombardier Group and at J.W. Ostendorf GmbH & Co. KG, Coesfeld, he was, before joining S.A.G. Solarstrom AG, the Head of Finances and Group Accounting at the TA Triumph-Adler Group, Nuremberg. After leaving S.A.G. Solarstrom AG, Koch will become an independent management consultant and tax accountant, and will thus continue to be available to S.A.G. Solarstrom AG in a consulting capacity.
Christoph Koch's tasks will be redistributed in the Executive Board. Dr. Karl Kuhlmann will take on the area Legal Affairs in addition to his other responsibilities, Ulrich Kenk will take over the areas Corporate Financing, Liquidity Control, Investor Relations and Taxes, Karin Schopf will manage the areas Solar Power Plants and Project Financing. Both Corporate and Project Financing are key issues for the successful future development of the company, in view of the environment in the industry sector. The company takes this into account by assigning the tasks from these areas directly to the Executive Board. Both Karin Schopf and Ulrich Kenk held long-term responsible positions in these areas before they were appointed to the Executive Board.
