Changes in the Management Board of SFC Energy AG

DGAP-News: SFC Energy AG / Key word(s): Change of Personnel

31.03.2017 / 19:00
The issuer is solely responsible for the content of this announcement.

SFC Energy AG - Corporate News

Changes in the Management Board of SFC Energy AG

Brunnthal/Munich, Germany, March 31, 2017 - CFO and Management Board Member Steffen Schneider tendered a request to the SFC Energy AG Supervisory Board to terminate his management board service agreement prematurely, in order to allow him to pursue a personal career opportunity. Steffen Schneider was responsible for finance since September 1, 2014. The Supervisory Board regrets Steffen Schneider's decision; however, after careful consideration, the Board granted his wish to prematurely end the contract. As per the arrangement with the Supervisory Board, Mr Schneider will leave the Management Board on the best possible terms at the close of the day on which the annual general meeting is set to take place, thus May 17, 2017.

His managerial position within the SFC Group (CFO), in terms of his functional duties, will be taken on by Mr Gerhard Inninger. Mr Inninger will report to the Chairperson of the Management Board, Dr Peter Podesser, who will then take on responsibility for finance at Management Board level, with Mr Schneider leaving behind this post. Mr Inninger was already CFO at SFC Energy AG between the years 2011 and 2014.

"We take this opportunity already to offer Steffen Schneider our thanks for all his tireless and successful work. Through his outstanding achievements, Steffen Schneider has made a vital contribution to the further development of SFC Energy AG in highly challenging times. And for all of this, I offer him my express thanks, on behalf of the whole Supervisory Board." says Tim van Delden, Chairman of the Supervisory Board of SFC Energy AG.

Dr. Peter Podesser, CEO of SFC Energy AG, adds: "Steffen Schneider has enriched the work of our Management Board - not only with his proven expertise and experience, but also through his own personal character. His achievements on maintaining SFC Energy AG's financial strength were of great importance for the further development of SFC Energy AG. Based on this foundation the Management Board will continue its successful work. We look forward to work again with Gerhard Inninger."

About SFC Energy Group
SFC Energy AG ( is a leading provider of hybrid solutions to the stationary and portable power generation markets. SFC is the number one supplier of fuel cells, with over 36,000 fuel cells sold to date. The Company has award-winning products and serves a range of applications in the Oil & Gas, Security & Industry and Consumer markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada, and sales offices in the U.S and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (WKN: 756857 ISIN: DE0007568578).

SFC Investor Relations

SFC Energy AG
Eugen-Sänger-Ring 7
D-85649 Brunnthal
Tel. +49 89 673 592-377
Fax. +49 89 673 592-169
Email: [email protected]

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31.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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