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06/17/11
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sunways ag (SWYAF) Details

Sunways Aktiengesellschaft develops, produces, and distributes technological solutions for the generation of electricity from photovoltaics. Its product portfolio includes solar cells based on mono- and multicrystalline silicon, solar modules, and solar inverters. The company also provides crystalline specific solutions, such as transparent and colored design cells for building-integrated photovoltaics or specialist cells for automotive industry application. It offers its solar modules and inverters to wholesalers, intermediate dealers, and installers, as well as directly to projects in Germany, rest of Europe, Asia, and the United States. Sunways Aktiengesellschaft was founded in 1993 and is headquartered in Konstanz, Germany. On May 7, 2013, insolvency was filed against Sunways AG in the insolvency Court Konstanz.

267 Employees
Last Reported Date: 11/29/12
Founded in 1993

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sunways ag (SWYAF) Key Developments

Sunways AG Announces Management Changes

Management Board and Supervisory Board of Sunways AG decided on organizational changes and enhancements. Mr.Mario Zen, the Chairman of the Management Board of the company, has resigned from the Management Board with immediate effect. Mr. Zen will remain at company as Vice President of Restructuring fully dedicated and focused on the following strategic tasks; to head the restructuring of the company and its business, to reach constructive settlements with creditors and other stakeholders of the company, and to develop the new European and international business with Sunways solar inverters and Sunways solar modules made in the European Union and the People's Republic of China together with Mr. Jürgen Frei. Jürgen Frei, Member of the Management Board of the company also has resigned from the Board with immediate effect. Jürgen Frei will stay with Sunways as Vice President of Sales and Marketing to further develop, together with Mario Zen, the new European and international business with Sunways solar inverters and unways solar modules made in the EU and in China. The Supervisory Board of the company has appointed, with immediate effect, Mr. Hoong Khoeng Cheong as new Chairman of the Management Board of the company and Mr. Steve Huiyuan Zha as Member of the Management Board and Vice President in charge of Finance.

Sunways Aktiengesellschaft Announces the Resignation of Jorg Von Strom from the Management Board

Sunways Aktiengesellschaft announced that Mr. Jörg von Strom, member of the Management Board has resigned from office (procurement, production and supply chain) of his own volition and with immediate effect. Jörg von Strom will continue to work for the  company as an executive employee with an unchanged area of responsibility and as Managing Director of  Sunways Production GmbH in Arnstadt.

Sunways AG Announces Board Changes

Xiaofeng Peng and Dr. Yuepeng Wan were appointed as members of the Supervisory Board of Sunways AG by the local court of Freiburg im Breisgau. Xiaofeng Peng will take on the office of Chairman, Dr. Wan that of Deputy Chairman of the Supervisory Board. Additional member of the three-person board is Bing Zhu. The new Supervisory Board members had to be court appointed upon the resignation of Otto Mayer and Andreas G rwitz who had stepped down from office of their own volition for personal reasons as of January 31, 2013. The appointment of the two new Supervisory Board members by the local court will be valid until the next annual general meeting.

 

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