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PNE WIND AG:

Markus Lesser to become new CEO

 

Cuxhaven, April 7, 2016 - Markus Lesser will become the new Chief Executive Officer (CEO) of PNE WIND AG. This decision was taken today by the Supervisory Board of PNE WIND AG. At the same time, his contract will be extended until December 31, 2019.Markus Lesser will assume the function of Per Hornung Pedersen, who has initially been delegated by the Supervisory Board to join the Management Board until the Annual General Meeting on 25 May, and will continue to pursue the strategic orientation of the Group.

 Markus Lesser has more than 25 years of experience in the international energy sector. In the course of his various career milestones, he had development and management responsibilities, especially for wind energy plant projects in Europe, Asia, South America and Australia. Since May 2011, Markus Lesser has been working at PNE WIND AG as the Management Board member responsible for operations and project development.

Markus Lesser: “In these turbulent times, it is a particular challenge to assume the chairmanship of the Management Board. We will now sharpen our focus on the implementation of our strategy for the marketing the portfolio of wind farms, which are currently pooled in the treasury stock. In addition, it is nevertheless crucial to also adapt the project development to new framework conditions both in Germany and abroad and to make it fit for the future.”

Alexis Fries, Chairman of the Supervisory Board, believes that this will ensure continuity: “Since 2011, Markus Lesser has been a key role in helping shape the operational development of the PNE WIND Group and the strategic orientation of the company. We are very well on the road to achieve that goal and have already achieved first major successes. Now, it is important to continue this positive development with Mr Lesser.”

 

In the long-term, the Management Board should be comprised of three persons in the future, too. The Supervisory Board intends to delegate Per Hornung Pedersen to the Management Board again for a transitional period of approximately six months until a new Chief Operating Officer (COO) is appointed. Pedersen is intended to accompany the implementation of the strategy for the portfolio of onshore wind farms, which are currently held in the treasury stock. Thereafter, Mr Pedersen will focus on his Supervisory Board mandate.