Changes in the management of IBC SOLAR AG

Appointment of CFO

Bad Staffelstein / Germany, August 28, 2019 – IBC SOLAR AG, a global leader in photovoltaic (PV) systems and energy storage, announces personnel changes to its management as of August 1, 2019.

IBC SOLAR AG will be reorganising the management executive team. Lars Degendorfer is appointed to the Executive Board as Chief Financial Officer (CFO) as of August 1, 2019. He will form the full Executive Board along with CEO Udo Möhrstedt and COO Dr. Fred Friedmann.

Lars Degendorfer is a qualified business economist with a focus on finance, banking and investment and has many years of experience in commercial management positions for industrial companies, particularly in the automotive and mechanical engineering sectors. A core aspect of his activities lies in the area of (international) financing. At IBC SOLAR AG, Lars Degendorfer is responsible for Accounting, Controlling, Facility Management and Strategic Group Development as well as for the coordination and networking of the entire IBC SOLAR Group.