Change in SMA's Board Member for Finance

DGAP-News: SMA Solar Technology AG / Key word(s): Personnel
SMA Solar Technology AG: Change in SMA's Board Member for Finance

19.05.2022 / 12:00
The issuer is solely responsible for the content of this announcement.


SMA Solar Technology AG Corporate News

Change in SMA's Board Member for Finance

Niestetal, May 19, 2022 – Ulrich Hadding, Board Member for Finance, Human
Resources and Legal at SMA Solar Technology AG (SMA, FWB: S92) will leave
the company at his own request on May 31, 2022, after many years of service.
Barbara Gregor, Managing Director and CFO of thyssenkrupp Materials Trading
GmbH and the international thyssenkrupp Materials Trading Group, has been
appointed to the Managing Board as his successor.

Ulrich Hadding is leaving his position on the Managing Board of SMA to take
on a new professional challenge. Hadding, who has been employed at SMA since
2009, including as Head of Finance and Legal, was appointed to the Managing
Board as CFO and Labor Director in 2017. In addition to Finance and Legal,
he was also responsible for the functions of Human Resources, Compliance,
Auditing, Real Estate Management and Public Affairs. He also played a key
role in supporting all of SMA's recent M&A activities and managed the
company's capital market communications. “SMA is a great company that is
excellently positioned to take advantage of the opportunities presented by
renewable energy growth. I wish SMA, CEO Jürgen Reinert, Barbara Gregor and
all employees every success for the future,” Hadding said.

Barbara Gregor was appointed by the Supervisory Board as successor to Ulrich
Hadding and will assume the function of CFO at SMA as of December 1, 2022.
She has many years of international experience in all areas of CFO
responsibility, in particular in the management and further development of
Finance, Controlling, Accounting, Risk Management, HR and IT. Barbara Gregor
is also considered an expert in international M&A transactions, change
management as well as strategic business development and turnaround
management. Until she joins the company, Thomas Pixa, Executive Vice
President Finance at SMA, will act as interim CFO.

"We would like to thank Ulrich Hadding for his dedicated, internationally
oriented approach and his outstanding expertise. SMA benefitted greatly from
this. We wish him every success and all the best for his new professional
goals. We are pleased to have gained in Barbara Gregor a person with many
years of international experience in finance, who will continue to advance
SMA on its path to becoming a sustainable system and solution provider and
who will actively help shape it with her excellent competence," said Uwe
Kleinkauf, Chairman of the SMA Supervisory Board. “We are convinced that
Jürgen Reinert and Barbara Gregor will make the best possible use of the
opportunities presented by the growth in renewable energies and will meet
the challenges in our industry with new solutions, innovative business
models and a sustainable financial strategy.”

About SMA
As a leading global specialist in photovoltaic and storage system
technology, the SMA Group is setting the standards today for the
decentralized and renewable energy supply of tomorrow. SMA’s portfolio
contains a wide range of efficient PV and battery inverters, holistic system
solutions for PV and battery-storage systems of all power classes,
intelligent energy management systems and charging solutions for electric
vehicles and power-to-gas applications. Digital energy services as well as
extensive services up to and including operation and maintenance services
for PV power plants round off SMA’s range. SMA inverters with a total output
of more than 110 gigawatts have been installed in more than 190 countries
worldwide. SMA’s multi-award-winning technology is protected by more than
1,700 patents and utility models. Since 2008, the Group’s parent company,
SMA Solar Technology AG, has been listed on the Prime Standard of the
Frankfurt Stock Exchange (S92) and is listed in the SDAX index.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805

Press Contact:
Susanne Henkel
Senior Corporate Communications Manager
Tel. +49 561 9522-1124

This corporate news serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the “Company”) or any present or future
subsidiary of the Company (together with the Company, the “SMA Group”) nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as

This corporate news can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They also
include statements about our assumptions and expectations. These statements
are based on plans, estimations and forecasts which the Managing Board of
SMA Solar Technology AG (SMA or company) has available at this time.
Future-oriented statements are therefore only valid on the day on which they
are made. Future-oriented statements by nature contain risks and elements of
uncertainty. Various known and unknown risks, uncertainties and other
factors can lead to considerable differences between the actual results, the
financial position, the development or the performance of the corporation
and the estimates given here. These factors include those which SMA has
discussed in published reports. These reports are available on the SMA
website at The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.


19.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1356863

End of News DGAP News Service

1356863 19.05.2022