PNE WIND Group: Roland Stanze succeeds as Chief Financial Officer of WKN AG Michael Ostwald

PNE WIND Group: Roland Stanze succeeds as Chief Financial Officer of WKN AG 
Michael Ostwald

(DGAP-Media / 24.10.2013 / 16:05)

Cuxhaven, 24th October 2013 - Roland Stanze, the former Executive Vice
President and Head of Business Development with PNE WIND AG will be
appointed Chief Financial Officer (CFO) of WKN AG, which also belongs to
the PNE WIND Group, on 1st July 2014. He then succeeds the prsent WKN
Financial Director, Michael Ostwald. Until then he will be member of the
WKN board, responsible for purchase and sales.

From 1st July 2014 in addition to his responsibilities as Chief Financial
Officer (CFO) of WKN AG, Roland Stanze will also be responsible for the
purchasing of the PNE WIND Group's wind energy turbines and for the
financing of the Group's wind farm projects. This concentration of the
purchasing and project financing for the whole Group is intended to create
the cross-company synergies which have presented themselves since the
takeover of the WKN shares by PNE WIND AG. This will generate positive
impulses for the further expansion of the PNE WIND Group's national and
international project business.

The graduate economist, Roland Stanze, began his professional career in
1992 as Head of Financing and equity capital placement with EnergieKontor
AG in Bremen. In 1995, he moved to a subsidiary company of the Commerzbank,
where he was responsible as Prokurist (company representative with full
power of attorney) for the conceptualisation and realisation of
infrastructure funds. In 1999, Roland Stanze moved to PNE WIND AG and took
over the management of the project financing area. Currently, as Executive
Vice President and member of the extended Board of Directors, he is
responsible for the company divisions, Project financing, Systems
purchasing, Sales and International acquisition, which are combined to form
the Project Development Division at PNE WIND AG. In previous years Roland
Stanze has played a key role in shaping the development of the company.
From the beginning of 2014 he will be active for the Group companies in the
WKN headquarters in Husum.

Michael Ostwald will not extend his contract as Chief Financial Officer of
WKN AG, ending 30 June 2014,  at his own wish for personal reasons. The
Supervisory Board commented: 'We very much regret Mr. Ostwald's decision,
thank him for his past work on the Board and wish him continuing success in
the future.' Michael Ostwald has been active with WKN AG for many years and
has played a decisive part in the North Friesian wind farm project
designer's development. Initially, he was Managing Director of BGZ
Fondsverwaltung (Funds management) and thereafter he was active as
Prokurist with WKN AG. In 2007, he was appointed Financial Director of the
company.

From 1st January 2014, Udo Follrichs will take over the responsibilities of
Business Development Area Manager and company representative with full
power of attorney with PNE WIND AG. In addition, he will be responsible for
the PNE WIND Group's sales of wind farm projects. Udo Follrichs (graduate
engineer) began his professional career in the wind energy sector in 1991
with Windtest KWK GmbH (now GL Garrad Hassan) in Kaiser-Wilhelm-Koog. As
deputy Technical Manager, he was responsible, amongst other things, for the
establishment of the departments, Performance curves and Load measurements
on prototypes.
In 2001, Udo Follrichs began his activities as Head of Acquisition
International with WKN AG in Husum. Here, in addition to acquiring wind
farm projects, he was also responsible for the development of the joint
venture contracts with local partners in various countries.

As company representative with full power of attorney and Head of Sales &
Purchasing, Follrichs is currently responsible for the company areas of
turbines purchasing and Sales.


PNE WIND AG Company profile

PNE WIND AG with its headquarters in Cuxhaven plans and realizes wind farm
projects on land (onshore) and on the high seas (offshore). In doing so,
its core competence lies in the development, project planning, and
financing of wind farms and in their operation and sales respectively with
the provision of subsequent service. To date, the company has constructed
100 wind farms with a total nominal output of 828 MW.

In addition to its business activities in the established German home
market, PNE WIND AG is already represented through joint ventures and
subsidiary companies in Southeast Europe, Great Britain, USA and Canada.

In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been approved. An
entry into promising international offshore wind markets is also being
examined.


WKN AG company profile
WKN AG has been developing constructing and operating turnkey wind and
solar power farms in Germany since 1990. In addition, the company is
represented internationally by subsidiary companies in many countries of
Europe, South Africa and the USA. To date, WKN AG has developed and
realised projects with a total output of more than 1,130 megawatts.

The WKN Company Group's headquarters is Husum's 'Haus der Zukunftsenergien'
(Home of future energies) which has established itself as an innovative
centre of competence for renewable energies. 82.75 percent of WKN's shares
are owned by PNE Wind AG, Cuxhaven. 17.25 percent are held by private and
institutional investors in free floating ownership.


Contacts for requires 


PNE WIND AG
Rainer Heinsohn
Head of
communication
Tel:  +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
Rainer.Heinsohn@pnewind.com
 
WKN AG 
Catrin Petersen
Head of 
communication & marketing
Tel:  +49(0) 48 41 - 89 44 - 100
Fax: +49(0) 48 41 - 89 44 - 225
catrin.petersen@wkn-ag.de 
 
PNE WIND AG
Scott McCollister

Investor Relations
Tel:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
Scott.McCollister@pnewind.com


End of Media Release

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Issuer: PNE WIND AG
Key word(s): Finance

24.10.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                               
Company:     PNE WIND AG                                           
             Peter-Henlein-Straße 2-4                              
             27472 Cuxhaven                                        
             Germany                                               
Phone:       04721 / 718 - 06                                      
Fax:         04721 / 718 - 200                                     
E-mail:      info@pnewind.com                                      
Internet:    http://www.pnewind.com                                
ISIN:        DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, ,         
             DE000A0Z1MR2, , DE000A1R0741                          
WKN:         A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074          
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP-Media  
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